Huldra Silver Provides Commissioning Update on the Merritt Mill

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 17, 2012) - Huldra Silver Inc. (TSX VENTURE:HDA) (the "Company" or "Huldra") today provides a commissioning update of its 200 tonne per day Silver, Lead and Zinc mill in Merritt, BC.

Commissioning of the 200 tonne per day Mill in Merritt began on August 7, 2012. Testing of equipment and engineering certification has been ongoing. Final equipment testing and certifications of the equipment is scheduled to be complete before the end of September, including a full cycle test of ore which is expected to produce the first concentrate in early October.

Stockpiled mill feed from development work done in 1988 will be utilized for the commissioning process prior to the 10,000 tonne bulk sample is processed. Once the bulk sample is complete the Company expects to continue to process mill feed from the current underground stopes and other mill feed from recently completed development work. The mill will be operated on a manual basis and ramped up to design capacity during the fourth quarter. The complete automation system will be programmed and implemented during this time.

About Huldra

Huldra is currently working on plans to put its Treasure Mountain Mine, located three hours east of Vancouver, BC, into development, subject to financing, utilizing a mill being constructed at the Company's mill 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 production. 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.