HSR

NOT FOR DISTRIBUTION TO UNITED STATES WIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES.


Homestake Resource Corporation (TSX VENTURE:HSR)(FRANKFURT:B6IH) ("Homestake" or
the "Company") has closed its recently announced flow-through private placement
by issuing 1,000,000 flow-through units at a price of $0.05 per flow-through
unit for proceeds of $50,000. Each flow-through unit consists of one
flow-through share and a half warrant, with each whole warrant exercisable to
purchase an additional common share at an exercise price of $0.10 for a period
of 18 months. All securities issued in this financing include a legend
restricting trading of the securities until May 1, 2014. Finder's fees may be
payable. The private placement is subject to TSX Venture Exchange acceptance. 


Net proceeds from the flow-through private placement will be used for eligible
Canadian exploration expenses incurred on the 645 square kilometre Kinskuch
project located in northwestern British Columbia. The Company reserves the right
to expend the funds on any other eligible Canadian Exploration Property. The
Company expects to renounce such Canadian exploration expenses with an effective
date of December 31, 2013. Exploration will focus on the further evaluation of
three primary target areas: 




--  The Esperanza target is an "Eskay Creek"-type high grade Ag-Au system
    which targets an area of historic workings from which high-grade gold
    was mined in the early 20th century.
      
--  The FH target is an Early Jurassic "Red Chris"/"North Rok"-type porphyry
    Cu-Au system targeting a 1000m x 500m Cu-Au in-soil anomaly which has
    seen only minimal historic drilling.
      
--  The Illiance River target is high grade Ag-Pb-Zn system which has been
    the focus of much of the Company's exploration since 2011. The Company
    has completed only four drill holes in a +4km-long mineralized trend
    with three holes returning high-grade Ag-Pb-Zn mineralization. 



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 6-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 River 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. 




--  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 Corporation 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, 

Lawrence Page, Q.C., Chairman & 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.


NR-01-14 

FOR FURTHER INFORMATION PLEASE CONTACT: 
Homestake Resource Corporation
Lawrence Page, Q.C.
Chairman & Director
604-684-9384
info@mnxltd.com
www.homestakeresource.com

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