Vancouver, British Columbia – April 4, 2011

Huldra Silver Inc. (TSX-V:HDA) (the “Company” or “Huldra“) announces that it has entered into a non-binding term sheet pursuant to which, subject to entry into a definitive agreement regarding same and other conditions, a lender has agreed to make a $10,000,000 debt facility available to the Company. If such definitive agreement has not been entered into within 60 days, the Company has made a binding agreement to pay the lender costs of approximately $125,000. In addition, unless the definitive agreement has not been entered into due to a decision by the lender not to proceed with the transaction, the Company has agreed, subject to the prior approval of the TSX Venture Exchange (the “Exchange“), to issue the lender 500,000 warrants.

If entered into, the debt facility will be used to further development of Huldra’s Treasure Mountain Project and to meet commitments under the acquisition agreement entered into last week with Craigmont Holdings Ltd., such as the commitment to build a mill on the Craigmont property. The proposed repayment schedule and amount for the debt facility are expected to be subject to adjustment based on the spot price of silver. Full details of the terms of the debt facility will be made available once a definitive agreement with the lender has been signed and has received Exchange approval.

About Huldra

Huldra is currently working on plans to put its Treasure Mountain Project, located 3 hours east of Vancouver, BC, into development, subject to permitting and financing. The Company is also actively assessing other opportunities for acquisition and development.

On behalf of the Board of Directors

“Ryan Sharp“

Ryan Sharp, MBA President, CEO & Director

For additional information contact:

Ryan Sharp at 604-647-0142

ryan@huldrasilver.com

IR@huldrasilver.com

James Beesley, Sequoia Partners, at 778-389-7715

Don Graham, Sequoia Partners, at 778-558-4310

Disclaimer for Forward-Looking Information

This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events related to the Company’s proposed debt facility, including: (i) the number of warrants and costs that may be payable to the lender in the event a definitive agreement with the lender is not entered into; (ii) proposed uses for the debt facility; and (iii) statements with respect to the proposed repayment schedules and amounts for the debt facility assuming a definitive agreement is entered into with the lender. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them. These forward-looking statements reflect management’s current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause the Company’s actual results to differ materially from those expressed or implied by the forward-looking statements, including: (1) a failure of the Company to enter into a definitive agreement with the lender with respect to the debt facility; (2) a failure of the Company to successfully acquire Craigmont Holdings Ltd.; (3) a downturn in general economic conditions in North America and internationally; (4) failure of the Exchange to approve the debt facility; and (5) other factors beyond the Company’s control. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and expressly qualified in their entirety by this notice. Except as required by law, the Company assumes no obligation to update forward-looking information should circumstances or management’s estimates or opinions change.

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.

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