Mr. Peter Espig reports

HULDRA SILVER PROVIDES UPDATE ON CCAA PROCEEDINGS AND RESTRUCTURING PLAN

Huldra Silver Inc. is reminding its creditors under the company's proceedings and restructuring under the Companies' Creditors Arrangement Act (Canada) (CCAA) that meetings of the creditors will be held on Sept. 23, 2014, at suite 900, 885 West Georgia St., Vancouver, B.C., at 2 p.m. (Vancouver time). A copy of the plan of compromise and arrangement was provided to creditors of the company by the monitor in the CCAA proceedings. Under the plan, subject to receipt of the requisite approvals, the company intends to compromise and settle its outstanding obligations, exit creditor protection under the CCAA, and restructure its affairs and focus on recommencing the company's business operations. Common shares of the company that will be issued to creditors pursuant to the plan in settlement of debt are expected to be subject to a hold period of four months and one day under the policies of the TSX Venture Exchange. In order for the plan to be approved by the creditors, it needs to be approved by a majority in number of creditors in each class and by creditors having claims amounting to at least two-thirds in dollar value of the total creditor claims in each class. A summary of the plan is included in the company's news release dated Aug. 8, 2014.

Creditors who are unable to attend the creditors meetings are encouraged to complete, sign and return their creditor proxy to the monitor. Proxies must be sent to the monitor by mail, courier, facsimile or e-mail (in portable document format) at the following address so that the proxy is received by the monitor no later than 4 p.m. (Vancouver time) on Sept. 22, 2014: Grant Thornton Ltd., suite 1600, Grant Thornton Place, 333 Seymour St., Vancouver, B.C., V6B 0A4, attention: Michelle Madrigga, fax number: 604-685-6569.

Huldra's postrestructuring business plan

Following completion of the restructuring, the company intends to focus on transforming its Merritt mill property into a processing facility for mill feed for other gold and silver mining companies, as there are significant costs associated with securing land, and purchasing and building a processing mill and a lined tailings facility. Such a facility would provide the opportunity for other companies to avoid the significant capital expenditure requirements necessary to build such a processing facility. In addition, the company intends to resume exploration activities at its Treasure Mountain project.

We seek Safe Harbor.