United States or to any U.S. Person. HULDRA SILVER ANNOUNCES INCREASE TO FINANCING

Not for distribution to the United States wire services or dissemination in or into the United States. This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States or to any U.S. Person.

HULDRA SILVER ANNOUNCES INCREASE TO FINANCING

Vancouver, British Columbia – August 3, 2012 – Huldra Silver Inc. (TSX-V:HDA) (“Huldra” or the “Company”) is pleased to announce that it has amended the terms of its previously announced financing described in its press release of June 15, 2012. The Company previously disclosed that it would issue up to 4,583,333 flow-through common shares for gross proceeds of up to $5,500,000 and up to 2,777,777 common shares (each, a “Share”) for gross proceeds of up to $3,000,000. The Company today announces that it has increased the number of Shares to be issued, such that it will issue up to 3,564,814 Shares for gross proceeds of up to $3,850,000.

Any securities sold in connection with the financing are subject to a hold period of four months and one day under Canadian securities laws and none of them may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the United States Securities Act of 1933, as amended.

On behalf of the Board of Directors of

HULDRA SILVER INC.

“Ryan Sharp”

Ryan Sharp, MBA President, CEO & Director Telephone: (604) 647-0142 Email: [email protected]

For additional information contact:

[email protected] www.huldrasilver.com

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 release.

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