Homeland Energy Group Ltd.

Homeland Energy Group Ltd.

December 13, 2007 12:00 ET

Homeland Energy Receives Mining Licence for Its Northfield Coal Project in South Africa

TORTOLA, BRITISH VIRGIN ISLANDS--(Marketwire – Dec. 13, 2007) - Homeland Energy Corp. (“HEC” or the “Company”) is very pleased to announce the granting of its first Mining Permit in South Africa. The Company’s subsidiary, Homeland Mining & Energy SA (PTY) Ltd. (HMESA) has received Mining Permit, number MP 141/2007 for the Northfield Slurry Dump from the Department of Minerals and Energy (“DME”) in Durban, Kwa-Zulu Natal.

The Northfield Slurry Dump is a slurry discard dump from the former Northfield Colliery, located approximately 200 km northwest of Durban and 8 km west of Dundee in the Province of Kwa-Zulu. The Northfield Colliery was in operation from 1925 to 1978 producing coking coal for the domestic South African market.

“The granting of this permit is a significant milestone for Homeland Energy in that it represents the company’s first step toward coal production from its portfolio of quality projects in southern Africa,” said Stephen Coates, President and CEO. “For Homeland Energy, the Northfield project provides an exceptional opportunity to improve the local environment through the clean up of a potential environmental hazard while at the same time providing much needed quality coal to the local markets. We are grateful to the DME for their assistance and guidance in completing the application process”. Homeland Energy is hopeful that the Northfield project will become a template for other such operations in the Kwa-Zulu Natal Province.

The Mining Permit will become effective once final administrative details have been completed, specifically the submission to the DME of nine copies of the Company’s Environmental Management Plan on or before January 25 2008. The Company must also notify the landowner and carry out a consultation process forthwith and must submit the results of this consultation to the DME by January 2, 2008. The company has notified the landowner and will be concluding the required consultation before December 20, 2007.

About Homeland Energy Corp.

Homeland Energy Corp. is a private company focused on energy exploration and development in Southern Africa. Homeland owns three advanced development/predevelopment coal projects in South Africa and a number of early-stage exploration properties in the provinces of Mpumalanga and Kwa-Zulu Natal. The Company is currently negotiating to acquire interests in a number of additional coal properties in eastern South Africa and neighbouring countries. Homeland is a significant shareholder in Homeland Uranium Inc., a Canadian uranium exploration and development focused on projects in Niger and the United States.

Homeland Energy Corp. is currently the process of a reverse take over of TSX Venture Exchange listed capital pool company, Chrysalis Capital Corporation IV (TSX VENTURE:CIV.P).

Contact Information