Vancouver, British Columbia – November 8, 2010 – Huldra Silver Inc. (the “Company” or “Huldra Silver”) is pleased to announce assay results from an ore stockpile of adit and raise materials removed during development work between 1987-1989. The samples were taken between September 25 and 26, 2010 by independent QP Erik Ostensoe, P.Geo and averaged 645 gm/t Ag, 5.05% Pb and 3.2% Zn. The existing stockpiles had nine trenches cut over the entire width at varying depths and each of the nine composite samples were taken over the entire length of each trench. All samples were analyzed at the ACME laboratory in Vancouver, B.C., a full service, ISO 9001:2008 accredited analytical laboratory. All lab quality control protocols were observed.

The stockpiles contain an estimated 6000 tonnes of ore based on surface measurements of the existing piles. The Company is currently exploring options for custom milling of the ore and has placed corresponding metallurgical samples in storage pending the outcome.

Mineral Exploration Tax Credits

The Company also wishes to announce that it has received $162,707 in British Columbia Mineral Exploration Tax Credits (“METC”) for the years 2007-2009.

Assay results from 17 HQ sized diamond drill holes are still pending and will be released as soon as the results have been received from the laboratory and compiled.

Technical information in this news release has been reviewed and approved by Erik Ostensoe, P. Geo., the Company’s independent Qualified Person as defined by NI 43-101. Huldra Silver is currently working on plans to put the 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 604-818-1486
ryan@huldrasilver.com
IR@huldrasilver.com

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding the Company’s overall business development objectives and plans. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future, and include discussion of the Company’s planned work to be undertaken as a result of the Company’s receipt of the Mines Act Permit, and that the Company intends to put the Treasure Mountain Project into development. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. 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 downturn in general economic conditions in North America and internationally, (2) the inherent uncertainties and speculative nature associated with silver exploration, (3) a decreased demand for silver, (4) any number of events or causes which may delay exploration and development of the Company’s property interests, such as environmental liabilities, weather, mechanical failures, safety concerns and labour problems, (5) the risk that the Company does not execute its business plan, (6) inability to finance operations and growth, (7) inability to obtain all necessary permitting and financing, and (8) other factors beyond the Company’s control. These forward-looking statements are made as of the date of this news release and the Company assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws. Additional information about the Company and these and other assumptions, risks and uncertainties is available in the Company’s public filings with Canadian securities regulators, available on SEDAR at www.sedar.com.

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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