HSR

Homestake Resource Corporation (TSX VENTURE:HSR)(FRANKFURT:B6IH) ("Homestake" or
"the Company") reported today that the Company and Agnico Eagle Mines Limited
("Agnico Eagle") have agreed to amend the September 2012 (see NR-04-12) option
agreement for exploration and development of the Homestake Ridge property in
northwestern British Columbia. The amendment reduces 2013 and 2014 expenditures
by $3.0 million and adds an extra year to the initial option period, in which
2015 will have a required expenditure of $3.0 million. In effect, the option
period is extended by one year, but with total required expenditures remaining
the same; AEM can earn a 65% interest in the property after total expenditures
of $25.3 million or completion of a feasibility document.


Agnico Eagle has notified the Company that 2013 expenditures are expected to be
approximately $2.5 million. The 2013 program was successful in discovering a
potential new mineral zone called the Slide target southeast of the Homestake
Silver deposit, as reported in a recent Company news release (NR-10-13, November
25, 2013). Agnico Eagle has expressed its intention to drill offset holes to the
southeast and down dip of hole HR13-253, which as reported in NR-10-13 contains
a 18.6 metre interval averaging 101g/t silver, including a 0.5 metre interval
averaging 1,675g/t silver from 364.4 to 383.0 metres down hole (the true
thickness has not been determined yet). Drilling is anticipated to begin at the
Slide target in late June, snow-conditions permitting, in order to allow receipt
and interpretation of assays from these early holes to influence drilling plans
later in the season. Also anticipated are additional surface work and drill
testing of other targets that were developed or refined during the 2013 season.


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
(see Footnote 1 for assumptions, methods, and grade and tonnage distribution).
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 Roscoe Postle Associates Inc. (RPA).
Mineral Resources utilize three separate block models constrained by 3D
wireframes of the mineralized zones. Mineral Resources were constrained using a
2g/t AuEq grade shell and CIM definitions were followed for Mineral Resources.
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 


David Rennie (P. Eng.) is the Principal Geologist for Roscoe Postle Associates
Inc. and is the Independent Qualified Person responsible for preparation and
review of the Mineral Resource Estimate.

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 for Homestake's disclosure of technical information.


On behalf of the Board of Directors,

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

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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