VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 20, 2012) - Huldra Silver Inc. (TSX VENTURE:HDA) (the "Company" or "Huldra") announces that it has completed the draw down of the third tranche of the $10 million credit facility entered into with Waterton Global Value, L.P. on June 16, 2011, as disclosed in the Company's press release of June 17, 2011. The principal amount of the third tranche is $2.5 million. The Company has now drawn down a total of $7.5 million of the $10 million credit facility. The Company intends to use the proceeds of the third tranche for working capital and to advance its Treasure Mountain Property towards production.

On behalf of the Board of Directors

Ryan Sharp, MBA, President, CEO & Director

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Contact Information:

Huldra Silver Inc.
Ryan Sharp, MBA
President, CEO & Director
604-647-0143 (FAX) or