HSR

Homestake Resource Corporation (TSX VENTURE:HSR)(FRANKFURT:B6IH) ("Homestake" or
the "Company") announces that it has entered into a loan agreement pursuant to
which an arm's length individual (the "Lender") will loan Homestake $100,000
(the "Loan"). The Loan is repayable in 12 months and interest is payable
quarterly at a rate of 8% per annum. At the election of Homestake, interest may
be paid by the issuance of common shares in accordance with the Policies of the
TSX Venture Exchange. By way of security, Homestake will deliver to the Lender a
general security agreement and will also assign to the Lender a loan agreement
between Homestake, as lender, and a third party borrower.


As additional consideration of the Loan being granted, Homestake has agreed to
grant the Lender a bonus by way of issuing 2,000,000 share purchase warrants
(the "Bonus Warrants"). Each Bonus Warrant is exercisable to purchase a common
share in the capital of Homestake for a price of $0.05 for a period of 12
months. The Bonus Warrants will be subject to a hold period of four months and a
day from issuance. 


The Loan and the issuance of the Bonus Warrants are subject to the acceptance of
the TSX Venture Exchange.


Proceeds from the loan will be used to pay acquisition expenses for the 625
square kilometre Kinskuch property located in northwestern British Columbia,
where two additional exploration targets have been identified as high-priority.


Kinskuch Property

Homestake has subdivided the large Kinskuch property into four general prospect
areas; three of the prospects have somewhat different types of exploration
targets, and a fourth area has not yet been evaluated by the Company. Homestake
is seeking funding partners to drill test targets that have already been
identified at three of the prospect areas, while developing additional drill
targets on this well-mineralized and extensive land package. Two specific
targets have been identified recently as high priority from existing data; the
Kitgold target as part of the Esperanza property package and the Goldstream
target as part of the Illiance property package.




--  The initial drill target at the Esperanza Package is an "Eskay Creek"-
    type high grade Ag-Au system at the historic Esperanza mine. This target
    is an area of historic workings from which high-grade gold was mined in
    the early 20th century. The mine is located only 1.5 kilometres from
    tide water and at an elevation of only 500 metres, making logistics
    excellent should a deposit be developed. A second high-priority target
    is indicated at the Kitgold target, where gold-bearing quartz veins are
    found within quartz stockworks with assays ranging from trace to 8.6g/t
    Au, 170g/t Ag, 2.6% Pb and 12% Zn. The veins are traceable for over 2000
    metres along strike and are hosted in a comparable structural and
    stratigraphic setting to the nearby Homestake Ridge deposits located
    10km to the north. 
--  The drill target at the FH Package is analogous to the Early Jurassic
    "Red Chris"/"North Rok"-type porphyry Cu-Au system, and is based on a
    1000m x 500m Cu-Au in-soil anomaly which has seen only minimal historic
    drilling. 
--  The initial drill target at the Illiance Package is high grade Ag-Pb-Zn
    system exposed in historic trenching and intersected in Homestake's 2011
    drilling program at the Illiance River target. The Company has completed
    only four drill holes in a +4 kilometre-long mineralized trend, with
    three holes returning high-grade Ag-Pb-Zn mineralization. A second high-
    priority target is indicated at the Goldstream target, where surface
    sampling has identified several targets in soil and stream sediment
    samples overlapping "Eskay-equivalent" stratigraphy in the Upper
    Hazelton Group. A +1500m-long airborne EM geophysical anomaly at
    Goldstream is coincident with multi-element soil anomalies with values
    to 234ppb Au, 3.4ppm Ag and 2,050ppm Zn. 



To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/hsr0414fig1.pdf.


President Joe Kizis commented, "Homestake is leveraging our target-rich land
position in this highly prospective mineral district by seeking funding
partners, as we have done at our Homestake Ridge property by bringing in Agnico
Eagle. We have subdivided the much larger Kinskuch property into four prospect
areas because three of these areas have targets that we expect will be of
interest to different types of mining companies. We are signing confidentiality
agreements and showing data to various companies in anticipation of field
examinations taking place beginning in June. With a $3million spending
commitment at our Homestake Ridge property and an anticipated 40 to 50 -hole
drilling program recently announced for 2014 by neighbor Dolly Varden Silver
(news release April 08, 2014), we expect exciting news from the district."


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 625 square kilometre
Kinskuch project, located adjacent to, and to the southeast of, the Homestake
Ridge project. The projects are found within the Homestake-Kitsault belt, which
is one of several major mineral belts of northwestern Stikinia including the
prolific mid-Jurassic Eskay-rift. Homestake, through equity financing or joint
venture partnership, will be aggressively exploring this trend in 2014.


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 responsible for the supervision and preparation of the
technical information in this disclosure.


On behalf of the Board of Directors,

Joseph Anthony 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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