Huldra Silver Provides Additional Drill Results from the 2011 Exploration Program at Treasure Mountain That Includes 7,013 Grams Per Tonne Ag Over 1.37 Metres in Hole TM11-26

VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 11/23/11 -- Huldra Silver Inc. (TSX VENTURE:HDA) (the "Company" or "Huldra") today is pleased to provide additional results from the 2011 exploration program at Treasure Mountain. The results of additional assays from the first four holes received included 7,013 grams per tonne Ag, 21.82% Pb, 19.63% Zn and 4.9% Mn over 1.37 metres in hole TM11-26 that intersected the vein structure approximately 10 metres above the Level 2 Drift. Additional results were disclosed in the Company's press release dated November 18, 2011.

The following is a summary of drill results (lengths are not considered true width):


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                             Length        Ag     Pb     Zn        Ag    Mn 
Hole #  From              To     (m) (ozs/ton)    (%)    (%) (g/tonne)   (%)
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TM11-1  no                                                                  
         significant                                                        
         results                                                            
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TM11-2  21.06          23.06   2.00      0.25   0.13   0.09       7.7  3.26 
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TM11-3  results                                                             
         pending                                                            
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TM11-4  no                                                                  
         significant                                                        
         results                                                            
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TM11-5  no                                                                  
         significant                                                        
         results                                                            
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TM11-6  previously                                                          
         released                                                           
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TM11-7  previously                                                          
         released                                                           
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TM11-8  27.77          28.47   0.70      0.33   0.05   0.23      10.2  4.76 
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TM11-9  previously                                                          
         released                                                           
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TM11-10 previously                                                          
         released                                                           
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TM11-11 no                                                                  
         significant                                                        
         results                                                            
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TM11-12 34.44          36.69   2.25       2.9      1   1.27     90.17  1.71 
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TM11-13 43.55          43.90   0.35    140.18  20.32    4.9      4360  6.28 
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TM11-14 45.05          45.90   0.85      8.58   0.61   2.57    266.81  4.76 
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TM11-14 73.86          74.23   0.37     79.67  11.04  12.47      2478   8.5 
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TM11-15 30.84          34.85   4.01      2.41   0.49   0.34     75.08  1.56 
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TM11-15 48.08          48.66   0.58     50.09    5.3   3.97     1,558  7.02 
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TM11-16 51.21          52.06   0.85      7.81   0.59   0.46    243.06  2.45 
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TM11-17 44.72          46.26   1.54      0.42   0.08   0.45     13.22   1.5 
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TM11-17 67.16          67.41   0.25     10.67  12.85   3.13       332  5.56 
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TM11-18 17.16          17.73   0.57      3.11   0.56   0.88      96.7  5.04 
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TM11-18 35.75          35.95   0.20      7.97   7.42   0.09       248  3.48 
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TM11-19 21.02          21.22   0.20      6.94   4.22   8.55       216  1.99 
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TM11-20 26.19          26.52   0.33      6.82   2.84   3.49       212  3.76 
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TM11-20 31.20          33.20   2.00      2.22   0.03   0.07      69.2  1.27 
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TM11-20 58.67          59.60   0.93      4.28   0.11   0.18       133  6.33 
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TM11-20 83.23          83.44   0.21     29.03   3.59   2.34       903  8.81 
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TM11-21 39.81          40.93   1.12     47.05  18.68   1.62  1,463.47  1.56 
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TM11-22 38.71          39.31   0.60      1.66   0.92   0.13      51.7  1.32 
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TM11-23 15.37          15.67   0.30     14.37   0.26   0.33       447     6 
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TM11-23 37.89          41.76   3.87       9.9   0.57   4.91    308.02   2.6 
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TM11-23 91.71          93.75   2.04      3.62   0.34   2.24    112.47  7.36 
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TM11-24 51.28          53.95   2.67     16.33    0.7   6.86    507.83  5.02 
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TM11-24 105.46        105.66   0.20      2.86   7.84   1.26      88.9  5.52 
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TM11-25 no                                                                  
         significant                                                        
         results                                                            
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TM11-26 66.49          66.66   0.17     10.45   0.31    1.2       325  7.06 
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TM11-26 122.68        124.05   1.37    225.48  21.82  19.63     7,013   4.9 
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TM11-27 no                                                                  
         significant                                                        
         results                                                            
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TM11-28 63.55          64.00   0.45      0.51   0.33   0.84        16   5.7 
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51 diamond drill holes were drilled over a total length of 5,073 metres on the main mine development, with the objective of further defining resources on the upper 150 metres of the mine.

A location map of the drill holes can be viewed on the Company website at www.huldrasilver.com.

Laboratory Procedures and Quality Assurance

Drill core is logged by a geologist and cut at predetermined intervals using a diamond saw. One half of the sample is archived onsite and the other half is trucked to Acme Analytical Laboratories Ltd's facility in Vancouver, BC, where the sample is crushed, split and pulverized to -200 mesh. A 0.5 gram portion of the pulp is then digested in hot aqua regia and analyzed for 31 elements by ICP MS method. Over limits for Ag is by fire assay with gravimetric finish, and for Pb, Zn and Mn by multi-acid digestion and ICP ES finish.

Certified standard reference material ("SRM"), including core duplicates and blanks, have been inserted into each sample shipment at a frequency of approximately one SRM per ten samples.

Technical information in this news release has been reviewed and approved by Jim Cuttle, P. Geo, a Qualified Person as defined by NI 43-101. Details of the Company's Treasure Mountain property can be found in its NI 43-101 technical report entitled "Technical Report, Project Update, Treasure Mountain Property, Tulameen River Area, B.C. Canada" dated effective June 15, 2011, which is available on SEDAR at www.sedar.com.

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 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

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 exploration plans and its plans to put the Treasure Mountain Property into development. Such forward-looking information can include statements based on current expectations involving a number of risks and uncertainties and are not guarantees of future performance of the Company, such as the Company's ability to finance its planned exploration; the Company's ability to source the necessary infrastructure to effect its exploration plans; current economic conditions and the state of mineral exploration and mineral prices in general. These risks and uncertainties could cause actual results and the Company's plans and objectives to differ materially from those expressed in the forward-looking information. The Company can offer no assurance that its exploration and development plans will be completed in the time expected or at all. 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.

Contacts:
Huldra Silver Inc.
Ryan Sharp
President, CEO & Director
604-647-0142
604-647-0143 (FAX)
ryan@huldrasilver.com / IR@huldrasilver.com
www.huldrasilver.com