Mr. Peter Espig reports

HULDRA SILVER INC. ENTERS INTO MINING AND MILLING PROFIT SHARE AGREEMENT

Huldra Silver Inc. has entered into a mining and milling profit share agreement with High Range Exploration. Under the agreement, High Range plans to extract mill feed from its wholly owned Dominion Creek property, which is located 43 kilometres northeast of the town of Wells and about 110 kilometres east-southeast of Prince George, and then plans to ship this mill feed to Huldra for processing. Huldra intends to process the mill feed into concentrate for further shipping to a smelter or third party for sale, subject to agreements for the sale of the concentrate being entered into with smelters or third parties.

High Range intends to apply for a bulk sample permit from the Ministry of Energy and Mines for British Columbia, which permit, if obtained, would allow High Range to extract up to 10,000 tonnes of mill feed from the Dominion Creek property.

According to the agreement, mill feed will be stored and tested on site to confirm grades greater than 0.5 ounce per ton gold equivalent (15.552 grams per tonne Au equivalent). Once a sufficient stockpile has been achieved, the stockpile will be transported to Huldra's Merritt mill, located near Merritt, B.C. The company plans to store mill feed until approximately 4,000 tonnes to 5,000 tonnes has been stockpiled, as well as to reconfirm stockpile grades to be greater than the minimum 0.5 ounce per ton Au equivalent (15.552 g/t Au equivalent) prior to commencing processing operations. Huldra will be responsible for negotiating the sale of concentrate to a smelter or third party purchaser.

Under the agreement, High Range will be responsible for all costs associated with mining, and Huldra will be responsible for all costs associated with milling operations. Upon repayment of costs, according to terms of the agreement, the parties will equally distribute the remaining proceeds from the sales of concentrates. Peter Espig, chief executive officer, commented: "Huldra's goal is to move towards leveraging the value of its assets and progressing towards operational cash flow. Our centrally located mill and fully lined tailings facility has the potential to unlock value for smaller high-grade deposits in gold and silver in British Columbia."

We seek Safe Harbor.