Mr. Peter Espig reports

HULDRA SILVER ANNOUNCED PROPOSED NAME CHANGE AND SHARE CONSOLIDATION

Huldra Silver Inc. intends to proceed with a name change to Nicola Mining Inc., and a consolidation of its outstanding common shares on the basis of five preconsolidation shares for one postconsolidation share.

Currently, a total of 403,033,186 shares are issued and outstanding. Accordingly, if the consolidation is put into effect, a total of 80,606,637 shares, subject to adjustments for rounding, would be issued and outstanding, assuming there are no other changes in the issued and outstanding capital of the company. There is currently no maximum number of authorized shares. The consolidation is being proposed in order to allow the company greater flexibility in future financings. The name change and consolidation are subject to approval of the TSX Venture Exchange.

We seek Safe Harbor.