Huldra Silver Announces it has entered into a non-binding term sheet for $10,000,000 Debt Facility

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...