HSR

Homestake Resource Corporation (TSX VENTURE:HSR)(FRANKFURT:B6IH) ("Homestake" or
"the Company") has received notice from Agnico Eagle Mines Limited ("Agnico
Eagle") of its plans for a $3 million exploration program in 2014 at the
Company's Homestake Ridge property in northwestern British Columbia. The program
is expected to include +7,500 meters of core drilling, with camp construction to
begin the second week in June and drilling to commence in early July.


The 2014 exploration program will start on a potential new mineralized zone
called the Slide target, first identified in 2013 and located southeast of the
Homestake Silver deposit (see news release NR-10-13, November 26, 2013). Drill
holes of the 2014 program will test areas on strike 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). 


Further drilling is also anticipated to test lateral extensions of the South
Reef deposit, potential depth extensions of the Main Homestake and Homestake
Silver deposits and up to two holes to test "Eskay-equivalent" stratigraphy in
the upper Hazelton Group exposed to the east and south of the Homestake Silver
deposit.


To view Figure 1, please visit the following link:
http://media3.marketwire.com/docs/hsr0604fig1.pdf.


Vice President of Exploration Rob Macdonald commented, "The high-grade silver
intercept in hole -253 is very important. Of the 262 holes drilled at Homestake
Ridge since 2003, only 30 holes contain intervals greater than 500g/t Ag. Twenty
eight of these holes occur within the Main Homestake or Homestake Silver
deposits, one hole lies between these two deposits, and the remaining hole is
HS13-253. Geochemistry from the few existing nearby drill holes also suggests
that hole -253 is on the edge of the next high-grade gold/silver deposit at
Homestake Ridge. This type of mineralization typically forms as discrete mineral
deposits, often along important structures, that together can form multi-million
ounce mining camps."


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
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 to fund exploration and development costs of $25.3
million by December 31, 2017 to earn a 65% interest in the property.


Kinskuch Project Overview

In addition, Homestake holds an option to acquire a 100% interest in the 625
square kilometre Kinskuch project. Kinskuch is located within the Kitsault
Mineral District and is adjacent and to the southeast of the Homestake Ridge
project, but is not subject to the agreement with Agnico Eagle.


The Kinskuch project offers numerous quality targets comparable to known mines
and world-class mineral deposits throughout the region and forms a large part of
an emerging mineral district where Agnico Eagle and Helca Mining Ltd. are
currently active through option or company financing. 


Homestake Resources has subdivided the property into four prospect areas and is
seeking funding partners to test these targets and develop additional targets on
this well-mineralized and extensive land package.


Currently two targets are ready and permitted for drilling (Esperanza and
Illiance) and surface programs have been developed to advance targets on several
other occurrences:


1) The Esperanza Package: includes the "Eskay-type", drill-ready Esperanza
target where surface and historic underground sampling has identified
bonanza-grade (+100g/t Au and +1000g/t Ag) sediment-hosted quartz veins, plus
the Kitgold target which features Homestake Ridge - style mineralization located
just south of the Dolly Varden Silver Property; 


2) The FH Package: includes a Cu/Au PPY system featuring +6 kilometre Cu-Au in
soil/rock geochemical anomaly located along a regionally significant
Triassic-Jurassic contact which has been tested with only four modern drill
holes; and 


3) The Illiance Package: includes a +4 kilomete-long drill-ready Ag/Zn/Pb VMS
system, analogous to the nearby Homestake Ridge and Dolly Varden deposits, where
drilling in 2011 identified high-grade Ag-polymetallic sulphide mineralization;
plus an "Eskay Creek" - style exploration play.


Homestake Ridge and Kinskuch properties are within the Kitsault Mineral
District, which is one of several major mineral belts of northwestern Stikinia
that includes the prolific mid-Jurassic Eskay Rift and KSM-Brucejack district.


To view Figure 2, please visit the following link:
http://media3.marketwire.com/docs/hsr0604fig2.pdf.




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
Joseph Anthony Kizis, Jr.
President & Director
604-684-9384
info@mnxltd.com
www.homestakeresource.com

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