HSR

Homestake Resource Corporation (TSX VENTURE:HSR)(FRANKFURT:B6IH) ("Homestake" or
the "Company") reported today that drilling has commenced on the Company's 100%
owned Homestake Ridge property in Northwestern BC. The 2014 exploration program
is being conducted by Agnico Eagle Mines Limited (TSX:AEM)(NYSE:AEM) ("Agnico
Eagle") and is expected to include +7,500 meters of core drilling budgeted at a
cost of $3 million. Agnico Eagle has assumed project management 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. Agnico Eagle is in the third
year of the six year option. 


Drilling is underway on a newly discovered 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 25, 2013). An initial six drill
hole program is planned on the Slide target, which will test areas along strike
and down dip of hole HR13-253 (see Figure 1).


To view Figure 1 please click on the following link:
http://media3.marketwire.com/docs/0721HSR.pdf  


President Joe Kizis commented, "We look forward to an aggressive drilling
campaign at Homestake Ridge this field season. It follows up on a new
mineralized zone discovered last year, as well as includes significant step outs
from our known deposits that could potentially add to the current NI
43-101-compliant resource. Having a strategic partner like Agnico Eagle in these
difficult times allows the company to aggressively advance our project to create
additional shareholder value."


The Homestake Ridge project is being advanced as a potential high-grade
underground mining operation. The project contains an estimated Inferred
Resource of 911,000oz gold and 20,366,000oz silver (1,225,785oz AuEq @ 5.6g/t
AuEq grade) and an estimated Indicated Resource of 124,000oz gold and 939,000oz
silver (141,000oz AuEq @ 7.3g/t AuEq grade).(1) 


To date, 262 holes have been drilled for a total of 74,973 metres, including the
project's highlight intercept from the 2008 drill hole HR08-87, which returned
an estimated true width intercept of 52.5 metres averaging 20.99 g/t gold and
11.60 g/t silver (See Oct. 02, 2008 press release). 


Corporate Update

Homestake plans to issue up to 15,000,000 units in a non-flow-through private
placement at a price of $0.05 per unit for gross proceeds of $750,000. Each unit
consists of one common share and one share purchase warrant, with each warrant
exercisable to purchase one additional common share at an exercise price of
$0.05 for a period of 3 years. The Company will pay finders' fees on a portion
of the financing. The securities will be subject to a hold period of four months
from date of closing. 


The net proceeds from this private placement will be used for the continued
exploration of the Kinskuch Project and for general working capital purposes.
The proposed financing is subject to the approval of the TSX Venture Exchange. 


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


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

About Homestake Resource Corporation

Homestake Resource Corp. is a Canadian-based exploration company which operates
two major projects totaling 661 sq. km in the emerging Kitsault Mineral
District. The primary asset is the Homestake Ridge Project, a gold-rich
epithermal/VMS-related vein system containing NI 43-101 compliant resource
estimates. The Company has entered into an option with Agnico Eagle Mines
Limited to fund exploration and development costs of $25.3 million by December
31, 2017 to earn a 65% interest in the property. Homestake Resource Corp. is
affiliated with Manex Resource Group, a private company comprised of an
exceptional multi-disciplinary team of professionals, with specific expertise in
all the areas of exploration, development and public company administration.




1.  The current estimate was prepared by Roscoe Postle Associates Inc. (RPA)
    utilizing 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. 



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
+1 (604) 684-9384
+1 (604) 688-4670 (FAX)
info@mnxltd.com
www.homestakeresource.com

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