Humboldt Reports Results for the Year Ended December 31, 2013

Humboldt Capital Corporation (TSX VENTURE:HMB) -

2013 was a pivotal year for Humboldt and it accomplished a number of goals, some
of which it had focussed on for the past 3 years. These comprised of:




--  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 and, 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                                 
                                          Year ended December 31, 2013      
                                     ---------------------------------------
(Thousands, except per share amounts)        2013         2012         2011 
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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)
Share capital                          $    2,060   $    2,060   $    2,064 
Retained earnings                      $   22,753   $   30,634   $   41,476 
Shareholders' equity                   $   25,476   $   33,338   $   44,123 
Cash and cash equivalents              $    7,329   $    5,663   $    2,125 
Shares outstanding                         11,932       11,932       11,957 
Net asset value per share, diluted     $     2.13   $     2.77   $     3.64 
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Humboldt Financial Statements and Management's Discussion and Analysis for the
year ended December 31, 2013 have been filed on SEDAR and can be found on
Humboldt's website at www.humboldtcapital.com.


Forward-looking statements - the press release today contains "forward-looking"
information. Actual results could differ materially from the conclusions,
forecasts or projections in the forward-looking information. Certain material
factors and assumptions were applied in drawing the conclusions or making the
forecasts or projections as reflected in the forward-looking information.
Additional information about the material factors that could cause actual
results to differ materially from the conclusion, forecast or projection in the
forward-looking information and the material factors or assumptions that were
applied in drawing the conclusion or making the forecast or projection as
reflected in the forward-looking information is contained in the press release.


Where amounts are expressed on a barrel of oil equivalent (boe) basis, natural
gas volumes have been converted to barrels of oil at six thousand cubic feet
(mcf) per barrel (bbl). Boe figures may be misleading, particularly if used in
isolation. A boe conversion of six thousand cubic feet per barrel is based on an
energy equivalency conversion method primarily applicable at the burner tip and
does not represent a value equivalency at the wellhead. References to oil in
this discussion include crude oil and natural gas liquids (NGLs).


Neither the TSX Venture Exchange nor its Regulation Service Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Humboldt Capital Corporation
R.W. Lamond
Chairman of the Board
[phone]
[phone] (FAX)


Humboldt Capital Corporation
C.A. (Tony) Teare
Executive Vice President
[phone]
[phone] (FAX)
www.humboldtcapital.com