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Huldra Silver Completes 17 Hole Drilling Program at Treasure Mountain

Huldra Silver Inc. (TSX VENTURE:HDA) has announced assay results from a new mineralized zone and completion of a 17 hole drill program. The samples were taken on September 12, 2010 by independent QP Erik Ostensoe, P.Geo and were highlighted by a 2920g/t chip sample over a width of 30.5cm.

The new zone was discovered using mechanized trenching following up on results from a historical soil sampling program. All samples were analyzed at the Eco Tech Laboratory in Kamloops, B.C., a full service, ISO 9001:2008 accredited analytical laboratory. All lab quality control protocols were observed. Complete results are presented in the following: (note that "g/t" represents "grams per metric tonne" and that 34.286 grams equals one troy ounce per short ton, "st" ):

East Zone Extension

The following chip sample results were from trenches beginning 190m east of where a 15 hole drill program was completed (results are pending) after previous chip samples yielded results up to 6650g/t Ag. Prior to receiving the lab results management decided to drill 2 additional shallow holes in the vicinity of sample WP 016 in an effort to test the new structure below surface and beneath the oxidization.

The surface expression of this structure was traced another 50m further east before the overburden became too deep to follow the structure any further. These results are very encouraging due to the anticipated strike length of the structure and the positive lab results despite the weathering and oxidization of the vein. There are existing roads and access points that will allow for drill access over a 400m length on this structure. Making a new discovery of this size demonstrates to us the exploration potential on the historic 7000 acre Treasure Mountain Property, 100% owned by Huldra Silver Inc.

The samples from the East Zone Extension begin approximately 1000 metres east of the Main Mine area where a NI 43-101 compliant resource estimate in 2009 reported a total vein indicated resource, using a 10oz/t Ag cut-off, of 33,000 tonnes grading 26.68oz/tonne Ag, 4.16%Pb, and 3.8% Zn and a total vein inferred resource, using a 10oz/t Ag cut-off, of 120,000 tonnes grading 29.76oz/tonne Ag, 2.79%Pb, and 4.36% Zn. 2750 metres of underground development has been completed on four levels in the main mine area.

Details of the Company's property can be found in its 43-101 Technical Report filed on Sedar on July 21, 2009.

Technical information in this news release has been reviewed and approved by Erik Ostensoe, P. Geo., the Company's independent Qualified Person as defined by NI 43-101. Huldra Silver is currently working on plans to put the Treasure Mountain Project, located 3 hours east of Vancouver, BC, into development subject to permitting and financing. The Company is also actively assessing other opportunities for acquisition and development.


Huldra Silver Inc.


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