Mr. R.W. Lamond reports

HUMBOLDT REPORTS RESULTS FOR THE YEAR ENDED DECEMBER 31, 2013

Humboldt Capital Corp. has released its financial results for the year ended Dec. 31, 2013.

Two thousand thirteen was a pivotal year for Humboldt, and it accomplished a number of goals, some of which it had focused on for the past three years. These comprised:

• Maintaining and increasing the company's liquidity;
• Commenced restructuring the company's portfolio to focus more on international energy companies and less on mining investments;
• Most importantly, supporting the restructuring one of the company's related companies, Tuscany Energy Ltd., into a viable growing heavy oil development company.

To accomplish these goals, Humboldt began reducing some of its holdings throughout the year as their stock price targets were met. Due to the company's long-term view of holding both energy and mining companies until certain goals are reached, only a small portion of the portfolio was liquidated which resulted in the company's cash reserves totalling $7.4-million at year-end. The company has continued this program, and presently has approximately $8.4-million on hand.

As a result of a $3.5-million reduction in the value of the holdings of Diaz Resources Ltd., combined with declines in value of Humboldt's holdings in international oil companies and mining shares, the company recorded a loss of $7.9-million for 2013. Humboldt reported a net asset value of $25-million or $2.13 per share at the end of 2013.

                                 HIGHLIGHTS
           (in thousands of dollars, except per share amounts)

                                                  Year ended Dec. 31,
                                             2013         2012         2011
Net gain (loss) on sale of
investments                            $  (10,650)  $    4,208   $    3,198
Unrealized increase (decrease) in
investment value                            3,571      (11,664)     (22,421)
                                       -----------  -----------  -----------
(Loss) and comprehensive (loss) for 
the period                             $   (7,881)  $  (10,842)  $  (18,488)
                                       ===========  ===========  ===========
(Loss) per share, diluted              $    (0.66)  $    (0.91)  $    (1.54)
Net asset value per share, diluted           2.13         2.77         3.64

We seek Safe Harbor.