VANCOUVER, BRITISH COLUMBIA--(Marketwire - Aug. 23, 2012) - Huldra Silver Inc. (TSX VENTURE:HDA) (the "Company" or "Huldra") is pleased to provide the results from its Annual General Meeting (the "AGM") held August 7, 2012 in Vancouver.

44.7% of Huldra's shareholders voted in person or were represented by proxy at the AGM. The motion to fix the number of directors of the Company at four for the next year was passed, as was the motion to re-appoint Ernst & Young, LLP Chartered Accountants as auditors of the Company for the fiscal year ended December 31, 2012, at a remuneration to be fixed by the board. Voters also re-elected all four incumbent director nominees: Ryan Sharp, Magnus Bratlien, Garth Braun and Peter Espig. Other business included the ratification of the Company's 2011 Stock Option Plan as required by the TSX Venture Exchange.

Following the AGM, the board of directors re-appointed the following officers: Ryan Sharp as President and CEO, Garth Braun as CFO and Kathleen Nosek as Corporate Secretary.

Ryan Sharp, President of the Company, had the following comments, "I would like to personally thank all of our investors for their continued support of the Company. At the AGM this year we celebrated 25 years of being a publicly listed company since the initial public offering of Huldra on August 7, 1987 on the Vancouver Stock Exchange. The AGM was my third as President, CEO, and a director of the Company. Despite difficult markets and macro-economic events, the Company has made significant progress towards becoming a silver producer. The highlights from the last twelve months include that:

• a fully serviced 50 man camp was installed at the Treasure Mountain Mine;
• underground stope mining began on November 9, 2011 from the first of three underground stopes on Level 1 of the mine,
• 7000 metres of surface diamond drilling was completed in 2011, from which assays from the entire program can be viewed on the Company's website;
• the Company conducted a geochemical sampling program consisting of 671 samples focusing on two primary targets: the MB Zone and the Camp Zone;
• Underground sampling was completed on all drifts and raises on the upper two levels of the mine;
• the British Columbia Mines Act Permit for Mining and Reclamation at Treasure Mountain and the British Columbia Mines Act Permit Amendment for construction and operation of a 200 TPD mill in Merritt were received in May 2012;
• 33 tonnes of direct ship ore from the East Zone was delivered to a smelter under contract in May 2012, with a provisional payment received;
• airborne surveys were completed on both Treasure Mountain and the Merritt property in July 2012;
• all of the substantial mill components have been delivered to site and the commissioning process has begun; and
• an equity financing was completed in various tranches between June 29, 2012, and August 2012, for aggregate gross proceeds of $9,650,079.

I would also like to personally thank our directors, officers, employees, partners, and contractors for making all of this possible. I look forward to another very successful year."

About Huldra

Huldra is currently working on plans to put its Treasure Mountain Project, located 3 hours east of Vancouver, BC, into development utilizing an offsite mill being constructed at the Company's property outside of Merritt, BC. The Company is also actively assessing other opportunities for acquisition and development.

On behalf of the Board of Directors

Ryan Sharp, MBA, President, CEO & Director