News Column

Humboldt Reports Results for the Six Months Ended June 30, 2014

August 28, 2014



CALGARY, ALBERTA--(Marketwired - Aug. 28, 2014) - Humboldt Capital Corporation (TSX VENTURE:HMB) -

For the first half of 2014 Humboldt is pleased to report earnings of $4.4 million and an increase in Humboldt's net assets, at June 30, 2014, to $30 million, or $2.49 per share. At the quarter end Humboldt reported $9.1 million of cash and no long term debt.

During the first half of 2014 Humboldt continued with its plan to:

-- Maintaining and increasing the Company's liquidity, -- actively supported Tuscany Energy Ltd. in its efforts to expand market awareness with the purpose of raising additional capital and accelerating its Saskatchewan heavy oil development drilling program, and -- facilitate the plan of arrangement with Mapan Energy Ltd., a private company, which resulted in the appointment of a new management group for Paris Energy Inc. a $132.5 million natural gas asset acquisition and $126.5 million equity financing.



HIGHLIGHTS

Three months ended Six months ended June 30, June 30, 2014 2013 2014 2013 ---------------------------------------------------------------------------- ($ thousands, except per share amounts, unaudited) Net realized loss on investments (2,192) (1,634) (1,480) (435) Net unrealized gain (loss) in investments 6,246 (3,228) 6,329 (9,568) Comprehensive earnings (loss) for the period 3,729 (5,180) 4,358 (10,479) Earnings (loss) per share, diluted 0.31 (0.43) 0.37 (0.88) As at June 30, 2014 2013 ---------------------------------------------------------------------------- Share capital 2,060 2,060 Retained earnings 27,111 20,155 Net assets 29,839 22,903 Cash and cash equivalents 9,096 7,271 Shares outstanding 11,932 11,932 Net asset value per share, basic 2.50 1.92 Net asset value per share, diluted 2.49 1.92 ----------------------------------------------------------------------------



Humboldt Financial Statements and Management's Discussion and Analysis for the six months ended June 30, 2014 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).

THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

FOR FURTHER INFORMATION PLEASE CONTACT: Humboldt Capital CorporationR.W. Lamond Chairman of the Board (403) 269-9889 (403) 269-9890 (FAX) Humboldt Capital CorporationC.A. (Tony) Teare Executive Vice President (403) 269-9889 (403) 269-9890 (FAX) www.humboldtcapital.com Source: Humboldt Capital Corporation


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Source: Marketwire (Canada)


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