HDA

Huldra Silver Inc. (the "Company" or "Huldra Silver") (TSX VENTURE: HDA) is pleased to announce that the Company has been issued a Mines Act Permit from the British Columbia Ministry of Energy, Mines and Petroleum Resources for the period beginning July 14, 2010 and ending December 31, 2013 for work on its wholly owned Treasure Mountain Property. The permit allows for trenching, blasting, drilling, underground exploration and a 10,000 tonne bulk sample, subject to certain terms and conditions.

The 2010 portion of the work will commence in the near future and will include, but not be limited to:

--  trenching and diamond drilling a previously explored near surface target
    800 metres east of the underground development;
--  re-opening underground portals for exploration, mine planning and
    engineering; and
--  rehabilitation of access roads.

Once the 2010 work program is complete, the Company will make assessments on the underground engineering requirements and potential of the near surface target to determine where it will begin its 2011 work program, that may include a 10,000 tonne bulk sample and further exploration. Ryan Sharp, President and CEO, states, "We are very excited to be moving ahead with the exploration and development of this project and are very pleased with the flexibility provided by the Ministry of Energy, Mines and Petroleum Resources and their permitting process."

The Company is currently conducting background environmental monitoring as part of a full mining permit that it is planning on re-submitting for review in early 2011. All of the work is being conducted in consultation with the British Columbia Ministry of the Environment.

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, MBA, President, CEO & Director

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.

Contacts: Huldra Silver Inc. Ryan Sharp President, CEO & Director 604-818-1486 ryan@huldrasilver.com or IR@huldrasilver.com www.huldrasilver.com