Homeland Energy Group Ltd.
TSX : HEG

Homeland Energy Group Ltd.

July 16, 2009 11:17 ET

Homeland Announces New Board of Directors and Appoints Chairman of the Board

TORONTO, ONTARIO--(Marketwire - July 16, 2009) - Homeland Energy Group Ltd. (TSX:HEG) ("Homeland" or the "Company") wishes to announce that at its Annual General Meeting on July 14, 2009 the following directors were elected: Ashis Basu, Laurence Curtis, Avrom Howard, Raaj Kumar, Edwin Lee, Jeff Lowe and B.V.N. Rao, with a vote of 176,807,358 shares in favour out of a total 193,998,658 votes cast for a total of 91% in favour of the management slate.

Subsequent to the Annual General Meeting Mr. B.V.N. Rao was elected Chairman of the Board. The following is a biography for Mr. Rao:

Mr. B.V.N. Rao is the Business Chairman & Managing Director of GMR Energy Limited, holding company for all energy sector investments of GMR Group, and is engaged in the business of owning, developing and operating power generation projects and investments in hydro and thermal power projects and related energy sector investments such as coal mines. Mr. Rao is also the Business Chairman of the agri-business of GMR Group. In addition, Mr. Rao is on the board of several publicly listed and private companies involved in the energy sector in India and abroad. He has more than 33 years experience, including 12 years of varied banking experience with exposure in industrial finance, foreign exchange and international trade and more than 21 years in infrastructure and other industrial sectors. He is one of the founding Directors of the GMR Group, a leading infrastructure group in India.

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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