Huldra Silver Inc. provides update on CCAA process and offer for purchase of Craigmont Property

VANCOUVER, B.C., April 16, 2014 – Huldra Silver Inc. (“Huldra” or the “Company“), while under creditor protection under the Companies’ Creditors Arrangement Act (Canada) (“CCAA“), has been actively involved in restructuring the financial affairs of the Company. The Company has been in negotiations with multiple parties with respect to the disposition of certain assets of the Company, including its property and mill located in Merritt, British Columbia, or the restructuring of the entire company. On April 12, 2014, the Company received an offer from Concept Capital Management Ltd. (“Concept“) to purchase its property and mill which is comprised of certain lands, a lead/silver/zinc mill, a tailings facility and other assets located in Merritt, British Columbia for $8,000,000 to be paid in tranches, with $6,000,000 to be paid on the closing of the purchase and sale and $2,000,000 to be paid within 90 days of such closing. The closing of transaction contemplated by this offer, if accepted by the Company, would be subject to, among other things, receipt of the requisite approval of the Supreme Court of British Columbia (the “Court“) and other parties in accordance with the CCAA and other required corporate approvals. The board of directors of the Company (the “Board“) is considering and evaluating the offer made by Concept, and as of the date hereof has not made a decision on whether to accept the offer. In making its decision, the Board will consider the terms of the offer made by Concept, the status and terms of its negotiations with other parties with respect to the financial restructuring of the Company, the opinion of the monitor assigned...