HSR

Homestake Resource Corporation (TSX VENTURE:HSR)(FRANKFURT:B6IH) ("Homestake" or
"the Company") reported today that as a result of a recent targeted mining
disclosure review by the British Columbia Securities Commission ("BCSC"), the
Company is issuing this news release to clarify disclosure on its website,
Corporate Presentation, and in certain news releases regarding technical
disclosure issues therein. 


The following Technical Disclosure issues were identified by the BCSC as being
non-compliant to NI43-101 and have been addressed by the Company. 


Technical Disclosure Issues Identified by the BCSC 

Non-Compliant Exploration Targets 

In its Corporate Presentation and website the Company disclosed an exploration
target for its Illiance River project which included a potential target size (5
million tonnes to 10 million tonnes) without providing the appropriate
cautionary language that the target is conceptual and that there has been
insufficient exploration to define a mineral resource on the project as per
section 2.3 (2) of NI 43-101. 


The Company clarifies that the potential quantity and grade of the target is
conceptual in nature and that there has been insufficient exploration to define
a mineral resource and that it is uncertain if further exploration would result
in the identification of a mineral resource. 


When identifying the target size, the strike-length of the surface
mineralization (+2.0km), the grade and thickness of mineralized intercepts from
drilling (+5m cumulative thickness) within this strike-length and the spacing of
the drill holes were all considered. 


Non-Compliant Disclosure of Historical Estimates 

In its Corporate Presentation and Website, the company disclosed "historic non
NI 43-101 compliant resources" on the neighboring Dolly Varden property without
providing the necessary information and cautionary language as required by the
national instrument.  


The Company notes that this disclosure used incorrect terminology in its
reference to a neighboring property. To the Companies knowledge, no qualified
person has done sufficient work to classify this Historical Estimate as current
Mineral Resources or Reserves and as a result, should not be relied on as such. 


The Company has removed references to this historical estimate in its public
disclosure.


Non-Compliant Disclosure of Mineral Resources/Reserves 



a.  In its recent news releases, Presentation, and its fact sheet, the
    company discloses a mineral resource without providing all the necessary
    information required by section 3.4 of NI 43-101 including: (a) the
    effective date of the resource; (c) a complete set of assumptions,
    methods and parameters used to estimate the mineral resource and (d) the
    identification of any legal, political, environmental or other risks
    that could materially affect the potential development of the mineral
    resource. 



The Company has added this information to its technical disclosure.



b.  On its website and Corporate Presentation, the Company discloses
    resources and/or reserves of neighboring deposits and other major
    mineral deposits throughout northwestern British Columbia without
    disclosing the applicable categories, adding inferred categories to
    other categories and disclosing mineral resources solely in the form of
    metal content required by section 2.2 (a), and 2.3(1)(a) of NI 43-101. 
    
c.  Contrary to section 2.2(b), on its website and Corporate Presentation,
    the Company does not disclose each category of mineral resources or
    mineral reserves separately when describing neighboring deposits and
    other major mineral deposits throughout northwestern British Columbia. 
    
d.  Contrary to section 2.2(c), on the its website, and Corporate
    Presentation, the Company adds inferred mineral resources to other
    categories when describing neighboring deposits and other major mineral
    deposits throughout northwestern British Columbia. 
    
e.  Contrary to section 2.2 (d), on the its website, and Corporate
    Presentation, the Company discloses resources solely in the form of
    metal content when describing neighboring deposits and other major
    mineral deposits throughout northwestern British Columbia. 



The Company has updated the disclosure to show production of applicable
neighboring deposits and the applicable Mineral Resource categories for several
additional deposits within the region. 


Non-Compliant Disclosure of metal equivalent grades 

Contrary to section 2.3 (d), in the About Homestake section of its some earlier
news releases, the Company discloses metal equivalent grades for resource
estimates that do not include the individual grade of each metal used to
establish the metal equivalent grade. 


For clarity the Company repeats the grade and tonnage of the mineral resource in
the table below as of June 2013 at an $85NSR/tonne cut-off: 


To view the table, please visit the following link:
http://media3.marketwire.com/docs/HSRTechTable.pdf.  


In its most recent news release, the Company provided information pertaining to
individual grades used to establish the metal equivalent grade, as required by
section 2.3 (d) of NI43-101, in the form of a footnote to the body of the text.


Qualified Person 

On its website and Corporate Presentation, the Company does not identify and
disclose the relationship to the Company of the qualified person who prepared,
supervised the preparation of, or approved of the technical information it is
disclosing as required under section 3.1 of NI 43-101. 


The Company has updated the Corporate Presentation and website with the
appropriate QP language.


About Homestake Resource Corporation 

Homestake owns a 100 percent interest in the Homestake Ridge project, located in
the Kitsault Mineral district in northwestern British Columbia, subject to
various royalty interests held by vendors. The project is being advanced as a
potential high-grade underground mining operation. At an $85 NSR cut-off value
and based on drilling completed through 2012, the project contains an estimated
NI 43-101 compliant Indicated Resource of 124,000oz gold and 939,000oz silver
(141,000oz AuEq @ 7.3g/t AuEq grade) plus an Inferred Resource of 911,000oz gold
and 20,366,000oz silver (1,225,785oz AuEq @ 5.6g/t AuEq grade) in three deposits
(1). Visit the Company website at www.homestakeresource.com to see how the
Homestake Ridge resource estimate compares to gold deposits worldwide, as ranked
by Natural Resource Holdings (June 2012). 


To date, 262 holes were drilled for a total of 74,973 metres, and multiple
exploration targets remain to be tested on the large 3,617 -hectare property.
Agnico Eagle Mines Limited has assumed project management since January 2013
under an option agreement signed in August 2012 to fund exploration and
development costs of $25.3 million over a 5-year period to earn a 65% interest
in the property. 


Homestake holds an option to acquire a 100% interest in the 645-square-kilometre
Kinskuch project, located adjacent to, and to the southeast of, the Homestake
Ridge project. Diamond drilling along the Illiance trend on the Kinskuch
property during 2011 was successful in intersecting high-grade silver/lead/zinc
VMS mineralization in three of four holes. Surface soil and rock-chip sampling
along the trend in 2012 extended mineralization to a +4.0-kilometre
strike-length; Homestake will be aggressively exploring this trend in 2014. 


Homestake owns a 10 percent equity interest in Bravada Gold Corporation (TSX
VENTURE:BVA) which is exploring and developing numerous gold/silver projects in
several of Nevada's prolific gold belts. At the advance-stage Wind Mountain
project, BVA has received a positive PEA from an independent engineering company
for an open-pit/heap-leach operation. 




   (1) The current estimate was prepared by David W. Rennie of Roscoe Postle
       Associates Inc. (RPA) and reported in "Technical Report on the       
       Homestake Ridge Project, an Updated Mineral Resource, Kitsault,      
       British Columbia" June 7, 2013. Mineral Resources utilize three      
       separate block models constrained by 3D wireframes and were          
       constrained using a 2g/t AuEq grade shell. The block models are      
       comprised of an array of blocks measuring 5 m x 5 m x 5 m, with      
       grades for Au, Ag, Cu, AuEq and NSR values interpolated using ID3    
       weighting. The models identified an indicated resource of 604,000    
       tonnes averaging 6.4g/t Au, 48.3g/t Ag and 0.18% Cu and a cumulative 
       inferred resource of 6,765,000 tonnes averaging 4.2g/t Au, 93.6g/t   
       Ag, 0.11% Cu. Mineral Resources are estimated using an average long- 
       term gold price of US$1,500 per ounce Au, US$27 per ounce Ag, and    
       US$3.50 per pound Cu, with an exchange rate of C$1.00=US$1.00. NSR   
       and Gold Equivalence were calculated using Au, Ag and Cu             
       metallurgical recoveries of 92% Au, 88% Ag and 88% Cu in blocks where
       Cu% greater than 0.1%; and where calculated using just Au and Ag     
       recoveries in blocks with less than 0.1% Cu.                         
                                                                            
       Homestake Resource Corp is unaware of any legal, political,          
       environmental or other risks that could materially affect the        
       potential development of the mineral resource.                       



Robert Macdonald, MSc., PGeo., is Homestake's Vice President of Exploration and
is the Qualified Person responsible for the supervision and preparation of the
technical information in this disclosure.


On behalf of the Board of Directors,

Joseph A. Kizis, Jr., President & Director, Homestake Resource Corporation

For further information, please visit the company's website at
www.homestakeresource.com. 


Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in the policies of the TSX Venture Exchange) accepts responsibility
for the adequacy or accuracy of this release.


This news release may contain forward-looking statements including but not
limited to comments regarding the timing and content of upcoming work programs,
geological interpretations, receipt of property titles, potential mineral
recovery processes, etc. Forward-looking statements address future events and
conditions and therefore involve inherent risks and uncertainties. Actual
results may differ materially from those currently anticipated in such
statements. These statements are based on a number of assumptions, including,
but not limited to, assumptions regarding general economic conditions, interest
rates, commodity markets, regulatory and governmental approvals for the
company's projects, and the availability of financing for the company's
development projects on reasonable terms. Factors that could cause actual
results to differ materially from those in forward looking statements include
market prices, exploitation and exploration successes, the timing and receipt of
government and regulatory approvals, and continued availability of capital and
financing and general economic, market or business conditions. Homestake
Resource Corporation does not assume any obligation to update or revise its
forward-looking statements, whether as a result of new information, future
events or otherwise, except to the extent required by applicable law.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Homestake Resource Corporation
604-684-9384
info@mnxltd.com
www.homestakeresource.com

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