Huldra Silver Announces Draw Down of Third Tranche of Credit Facility

TSX-.V: HDA

NEWS RELEASE

HULDRA SILVER ANNOUNCES DRAW DOWN OF THIRD TRANCHE OF CREDIT FACILITY

Vancouver, British Columbia – January 20, 2012 – Huldra Silver Inc. (TSX-V:HDA) (the “Company” or “Huldra”) announces that it has completed the draw down of the third tranche of the $10 million credit facility entered into with Waterton Global Value, L.P. on June 16, 2011, as disclosed in the Company’s press release of June 17, 2011. The principal amount of the third tranche is $2.5 million. The Company has now drawn down a total of $7.5 million of the $10 million credit facility. The Company intends to use the proceeds of the third tranche for working capital and to advance its Treasure Mountain Property towards production.

On behalf of the Board of Directors

“Ryan Sharp”

Ryan Sharp, MBA President, CEO & Director

For additional information contact:

Ryan Sharp at 604-647-0142 [email protected] [email protected]

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Suite 610 – 837 West Hastings Street • Vancouver, BC • V6C 3N6 • Tel: 604-647-0142 • Fax: 604-647-0143