Mr. Peter Espig reports

HULDRA SILVER INC. ANNOUNCES DEATH OF DIRECTOR MAGNUS BRATLIEN

Magnus Bratlien, a director of Huldra Silver Inc., passed away on Oct. 10, 2014.

Mr. Bratlien has been a director of Huldra since April 21, 1980, and served as the company's president until June of 2010. He had a distinguished career as a prospector for companies such as Bralorne Mines, Noranda and Silver Standard prior to founding Huldra.

Peter Espig, chief executive officer of Huldra, stated: "We are deeply saddened to announce Magnus's passing. He was not only a value-added director but he was also a wonderful man. Throughout the entire restructuring process, in which the company has been under the Companies' Creditors Arrangement Act (Canada), he was a pillar of support and grateful of current management's direction. Magnus is the father of Huldra and on behalf of management and employees we extend heartfelt condolences to his family during this difficult time."