Huldra Silver Inc. obtains CCAA protection and announces entry into term sheet for up to $4,800,000 of DIP Financing

VANCOUVER, B.C., July 26, 2013 – Huldra Silver Inc. (“Huldra” or the “Company“) announces that, after careful consideration of all available alternatives, the Board of Directors of Huldra determined that it was in the best interests of all of its stakeholders to seek creditor protection under the Companies’ Creditors Arrangement Act (Canada) (“CCAA“), and has obtained such protection pursuant to an Order from the Supreme Court of British Columbia (the “Court“). The Order and related Court documents are filed on SEDAR (www.sedar.com) under the Company’s profile. While under CCAA protection, Huldra will continue attempting to restructure its financial affairs and recommence operations at its mine and mill. Recently, Huldra has been hampered by equity market, commodity price and operational challenges which lead to the decision to proceed with CCAA protection. Details of the CCAA proceeding will soon be available on the website of the Court-appointed Monitor, Grant Thornton LLP (the “Monitor“). CCAA protection stays creditors and others from enforcing rights against Huldra and affords Huldra the opportunity to continue attempting to restructure its financial affairs. The Court has granted CCAA protection for an initial period of 30 days, expiring August 26, 2013, to be extended thereafter as the Court deems appropriate. Huldra will issue a further press release on or before August 26, 2013 which will provide an update. While under CCAA protection, Huldra will continue attempting to restructure its financial affairs and recommence operations at its mine and mill under the supervision of the Monitor. The Monitor will also be responsible for reviewing Huldra’s ongoing operations, liaising with creditors and other stakeholders and reporting to the Court. The...

Huldra Silver Inc. announces receipt of additional advance under Credit Facility and appointment of Interim CEO

VANCOUVER, B.C., July 8, 2013 – Huldra Silver Inc. (“Huldra” or the “Company“) is pleased to announce that it has received an additional advance of $500,000 under its debt facility with Waterton Global Value, L.P. (“Waterton“). The advance forms a further advance under and is subject to the terms of the Credit Agreement, as amended, entered into with Waterton on June 16, 2011, bears interest at 5% per annum, calculated and payable on maturity, and is due on the earlier of the date of demand by Waterton, the date that Waterton provides a new loan to the Company or October 31, 2013. The amount to be repaid will also be subject to a silver adjustment provision similar to the provision contained in the Credit Agreement, unless Waterton provides a new loan to the Company, in which case the amount to be repaid will only be principal plus interest. In consideration for the advance, the Company agreed to pay a structuring fee of $10,000. The agreement is subject to approval of the TSX Venture Exchange. Waterton’s additional advance and continued cooperation will make a positive difference in the Company’s immediate plans. The Company has appointed Peter Espig, a director of the Company, as interim CEO to replace Ryan Sharp. Mr. Sharp will continue to remain involved with the Company, focusing on operations. Mr. Espig is experienced in the analysis of investment opportunities, capital raising, deal sourcing, financial structuring and corporate turnaround. Over the past ten years, Mr. Espig has structured and raised funds for both private and public companies. Mr. Espig was an executive in the Principal Finance and Securitization...