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Homestake Resource Corporation Adopts Advance Notice Policy

Homestake Resource Corporation Adopts Advance Notice Policy for
Director Nominations 
VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/24/13 -- Homestake
Resource Corporation ("Homestake") (TSX VENTURE:HSR)(FRANKFURT:B6IH)
announces that its board of directors has approved an advance notice
policy (the "Policy") for the purpose of providing shareholders,
directors and management of Homestake with a clear framework for
nominating directors. The Policy is designed to further Homestake's
commitment to: (i) facilitating an orderly and efficient annual
general or, where the need arises, special meeting, process; (ii)
ensuring that all shareholders receive adequate notice of the
director nominations and sufficient information regarding all
director nominees; and (iii) allowing shareholders to register an
informed vote after having been afforded reasonable time for
appropriate deliberation. 
The Policy contains a provision requiring advance notice to Homestake
in certain circumstances where shareholders of Homestake nominate
individuals for election to the board of directors. The Policy
establishes deadlines by which director nominations must be submitted
to Homestake prior to any annual or special meeting of shareholders
and also outlines the information that must be included in the notice
to Homestake for an effective nomination to occur.  
The deadline for notice to Homestake in the case of an annual meeting
of shareholders is not less than 30 days nor more than 65 days prior
to the date of the annual meeting; provided, however, that in the
event that the annual meeting is to be held on a date that is less
than 50 days after the date on which the first public announcement of
the date of the annual meeting was made, notice may be made not later
than the close of business on the 10th day following such public
announcement.  
In the case of a special meeting (which is not also an annual
meeting) of shareholders called for the purpose of electing directors
(whether or not called for other purposes), the deadline for notice
to Homestake is no later than the close of business on the 15th day
following the day on which the first public announcement of the date
of the special meeting was made. 
The Policy is effective as of January 23, 2013. The full text of the
Policy is available via SEDAR at www.sedar.com or upon request of
Homestake's Corporate Secretary at (604) 684-9384. 
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. The project is being advanced as a potential high-grade
underground mining operation. At a 3.0g/t AuEq cut-off and based on
drilling completed through 2010, the project contains an estimated
NI43-101 compliant Indicated Resource of 191,000oz gold and 1,350,000
oz silver (215,500oz AuEq) plus an Inferred Resource of 530,000 oz
gold and 13,470,000oz silver (775,900oz AuEq)(1) at the Main
Homestake and Homestake Silver deposits.  
To date, 251 holes were drilled for a total of 70,533 metres, and
multiple exploration targets remain to be tested on the large
2585-hectare property. Agnico-Eagle has assumed project management
under an option agreement 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
623-square-kilometre Kinskuch project, located adjacent to, and to
the southeast of, the Homestake Ridge project. Diamond drilling along
the Illiance 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 4.5
kilometre strike-length; Homestake will be aggressively exploring
this trend in 2013. 
Homestake owns a 10.19 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. Bravada is currently conducting
additional exploration at Wind Mountain under a funding and option
agreement with Argonaut Gold Corporation. 
ON BEHALF OF THE BOARD 
Joseph A. Kizis, Jr., President and Director 


 
1.  The current estimate was prepared by Roscoe Postle Associates Inc.
    (RPA). Mineral Resources on the Main Homestake deposit were estimated
    previously in 2010 using a block model constrained by 3D wireframes of
    the mineralized zones. Mineral Resources on the Homestake Silver deposit
    were estimated in 2011 using a block model constrained by pierce points
    projected to 2D surfaces. The Main Homestake block model comprised an
    array of blocks measuring 5 m x 5 m x 5 m, with grades for Au, Ag, and
    Cu interpolated using ID3 weighting. The Homestake Silver block model
    comprised an array of blocks measuring 10m x 10m. At a 3.0g/t AuEq. cut-
    off, the models identified an indicated resource of 888,000 tonnes
    averaging 6.7g/t Au, 47.2g/t Ag and 0.15% Cu and a cumulative inferred
    resource of 4,060,000 tonnes averaging 4.3g/t Au, 158g/t Ag.

 
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. 
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. 
Contacts:
Homestake Resource Corporation
Liana Shahinian
1-888-456-1112 or 604-641-2773
liana@mnxltd.com
www.homestakeresource.com