Mr. Tindale has been Managing Partner of a private consulting group providing advisory services to numerous private and public companies since 2006. He has a diversified background including founding successful private enterprises and over eight years in the exploration field, exploring for diamonds and precious metals where he was a part of major economic discoveries.

Mr. Tindale has filled a vacancy on the board of directors created by the resignation of Nazlin Rahemtulla. Homestake thanks Ms. Rahemtulla for her service as a director and wishes her well in her future endeavours.

Homestake Ridge Project Update

Camp mobilization continues toward the start of the 2014 Exploration Program on the Company’s 100% owned Homestake Ridge property in Northwestern BC. The program is expected to include +7,500 meters of core drilling and is budgeted at a cost of $3 million. Camp construction is nearly complete and drilling is expected to commence in early July.

Agnico Eagle Mines Limited ("Agnico Eagle") can earn up to 65% interest in the project with staged expenditures of $25.3 million at the Homestake Ridge Property. Agnico Eagle is in the third year of the six year option having spent approximately $4.3 million to date.

Drilling will start on a newly discovered mineralized zone called the Slide target, first identified in 2013 and located southeast of the Homestake Silver deposit. Agnico Eagle plans an initial six drill holes on the Slide target which will test areas along strike 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 on several other targets throughout the property including 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.

Kinskuch Project Update

At the Kinskuch property this season, the Company is planning to drill three or four holes at the Illiance River target in order to extend high-grade silver and base metal mineralization encountered on surface and in drilling by the Company during the 2011 field season. Field work also is planned to develop sites for drill tests of several other targets. The 100% optioned Kinskuch Property (62,500ha) lies south of, and partially contiguous with, the Homestake Ridge property.