Huldra Silver Inc. obtains extension of CCAA protection

VANCOUVER, B.C., August 26, 2013 – Huldra Silver Inc. (“Huldra” or the “Company“) announces that the Supreme Court of British Columbia (the “Court“) has granted an Order (the “Extension Order“) extending the expiry date of the stay of proceedings and period of creditor protection for the Company and its subsidiaries under the Companies’ Creditors Arrangement Act (Canada) (“CCAA“) from August 23, 2013 to November 25, 2013. Pursuant to the Extension Order, the administration charge, the debtor-in-possession lender’s charge and the directors and officer’s charge provided for in the initial Order of the Court dated July 26, 2013 (the “Initial Order”) were subordinated to a charge in favour of Her Majesty the Queen in Right of the Province of British Columbia on certain of the Company’s properties. The Extension Order and related Court documents will be filed on SEDAR (www.sedar.com) under the Company’s profile. See the Company’s news releases dated July 26, 2013 and August 16, 2013 for additional information regarding the Initial Order and the CCAA proceedings. While under CCAA protection, Huldra will continue attempting to restructure its financial affairs and recommence operations at its mine and mill. On behalf of the Board of Directors Garth Braun CFO & Director For additional information contact: Garth Braun at 604-647-0142 [email protected] [email protected] Disclaimer for Forward-Looking Information This press release contains projections and forward-looking information that involve various risks and uncertainties regarding future events including: (i) that Huldra will be able to restructure its financial affairs, (ii) that Huldra will be able to recommence operations at its mine and mill, and (iii) the timing and duration of CCAA protection. No assurance can...

Huldra Silver Inc. obtains first tranche of DIP Financing and agrees to engage Haywood Securities as strategic advisor

VANCOUVER, B.C., August 16, 2013 – Huldra Silver Inc. (“Huldra” or the “Company“) announces that it has obtained a secured debtor-in-possession loan (the “DIP Loan“) from Waterton Global Value, L.P. (“Waterton“), the primary secured creditor of the Company, pursuant to a credit agreement dated August 15, 2013 (the “Credit Agreement“). The DIP Loan was authorized by an initial order (the “Order“) of the Supreme Court of British Columbia (the “Court“) pursuant to the proceedings under the Companies’ Creditors Arrangement Act (Canada) (“CCAA“) previously announced in the Company’s news release dated July 26, 2013. Garth Braun, Chief Financial Officer and Director, stated: “The Company’s strong relationship with Waterton has resulted in the parties working collaboratively during the CCAA process and in achieving the DIP Loan. The Company will have to work collaboratively with all other stakeholders during the CCAA process in order to maximize value for all stakeholders.” Credit Agreement Under the terms of the Credit Agreement, the DIP Loan will be advanced by Waterton by way of a first advance, which will be advanced in several tranches, of up to $2,300,000 in aggregate (collectively, the “First Advance“) and a second advance (at Waterton’s sole absolute discretion) of up to $2,500,000 in aggregate (the “Second Advance” and together with the First Advance, the “Advances“) upon receipt by Waterton of a comprehensive plan of operations from the Company for the Treasure Mountain Property that is satisfactory to Waterton and its advisors (the “Plan“), all on the terms and conditions set out in the Credit Agreement. The Company has agreed to repay the DIP Loan in full as follows: if the First...