Homeland Precious Metals Corp.
OTC Bulletin Board : HPMEF

Homeland Precious Metals Corp.

October 08, 2007 10:53 ET

Homeland Precious Metals Corp. Reports Drill Programs Underway

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Oct. 8, 2007) - Homeland Precious Metals Corp. (OTCBB:HPMEF) is pleased to report that the previously announced Phase 1 Reverse Circulation ("RC") drill programs have commenced at its Water Canyon and Montgomery Pass projects, both located in Nevada.

At Water Canyon, a comprehensive set of drill targets have been selected for the 7,500 foot Phase 1 RC drill program which will test portions of six distinct IP Chargeability highs that are direct analogs of the type encountered at the adjacent Mule Canyon Mine and nearby Fire Creek project. At Mule Canyon, Fire Creek and other similar geologic environments, all known economic mineralization is associated with IP Chargeability highs. The contiguous Mule Canyon Property produced approximately 500,000 ounces of gold, while the Fire Creek project reports over 1 million ounces of gold in the ground.

Water Canyon is situated in the world renowned Battle Mountain-Eureka Trend of north-central Nevada, and consists of approximately 2,560 acres (approximately 4 square miles) including 960 acres of private lands and 1600 acres of unpatented mining claims. This gold/silver property lies immediately along strike of the Mule Canyon Mine Complex, and is 1.5 miles immediately north of the Mule Canyon open pits.

At Homeland's Montgomery Pass property, a reverse circulation drill program will test one of eight previously identified gold/silver targets within the company's property position of 1620 acres (2.5 square miles). Situated near the center of the prolific Walker Lane Trend of western Nevada, this gold/silver property consists of 81 unpatented mining claims. The Montgomery Pass claim group contains 8 epithermal gold and silver targets hosted within a sequence of Tertiary volcanics and Paleozoic sediments. Historic exploration efforts have defined high-grade gold and silver values occurring in surface sampling and drilling within the various target areas.

The Walker Lane Trend hosts such significant deposits as the Goldfield District with 5.9 million ounces of gold production and the Comstock District with historic production of 8.4 million ounces of gold and 193.5 million ounces of silver.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties. Please visit our website at www.hpmef.com to read our complete disclaimer or view the Homeland Precious Metals Corp. filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at http://www.sec.gov.

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