Homeland Energy Group Ltd.
TSX : HEG

Homeland Energy Group Ltd.

September 30, 2009 08:00 ET

Homeland Announces Management Changes

TORONTO, ONTARIO--(Marketwire - Sept. 30, 2009) - Homeland Energy Group Ltd. (TSX:HEG) ("Homeland" or the "Company") wishes to announce that, further to the press release of June 5, 2009, the Board of Directors is completing a search for a new President & CEO and anticipates announcing the new appointee within the next few weeks. Effective October 15, 2009, Mr. Stephen Coates will be stepping down as President and CEO of Homeland. The board thanks Mr. Coates for his dedication and service.

Additionally, Andrew Gottwald, Homeland Chief Financial Officer, has tendered his resignation effective September 30, 2009. Homeland is pleased to report that Mr. Jeff Lowe, currently a director of Homeland, will step into the role as acting CFO. Mr. Lowe is a senior corporate finance, capital markets and corporate governance professional with experience acquired across a diverse industry base including mining, consumer products and telecom. Previously, Mr. Lowe served as a Vice President and Corporate Treasurer for a number of companies, and has led a corporate turnaround and restructuring culminating in the negotiation of complex debt facilities. Mr. Lowe holds an MBA from the Rotman School of Management, University of Toronto, is a Certified General Accountant and holds the accreditation ICD.D as a member of the Institute of Corporate Directors.

Homeland Energy Group Ltd. (TSX:HEG) is a coal producer with operations in the Witbank area of South Africa. The company also has a large-scale development property in South Africa and exploration interests in Southern Africa. Homeland continues to seek out interests in additional coal projects in South Africa and neighbouring countries as well as internationally. Homeland is a significant shareholder in Homeland Uranium Inc., a Canadian uranium exploration company focused on projects in Niger and the United States. Homeland also has an aggressive global acquisition strategy with a focus on energy resources. Homeland Energy Group Ltd. is currently traded on the Toronto Stock Exchange under the symbol "HEG" with 274,650,688 common shares issued and outstanding. www.homelandenergygroup.com.

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