Homeland Uranium Inc.

Homeland Uranium Inc.

June 21, 2010 17:30 ET

Homeland is Awarded License Extension in Niger and Identifies Massive Uranium Targets in Recent Field Program

TORONTO, ONTARIO--(Marketwire - June 21, 2010) - Homeland Uranium Inc., ("Homeland" or the "Company") is pleased to announce that it has been officially awarded an extension on all eight of its uranium exploration licenses in northern Niger. Granted to the Company's wholly owned Nigerien subsidiary company, Uranium International Limited Niger, the extension was officially signed by the Minister of Mines and Energy for Niger, the Honorable Souleymane Abba Mamadou, on June 7, 2010.

Extension Details

The extension grants Homeland a further twenty-seven months beyond the balance of its original three-year term of the licenses in recognition, according to the government, of the Company's professionalism in having completed as much work as it did despite the civil unrest that afflicted the region for a portion of this period.

The extension pushes out the Company's Year II and Year III exploration commitments in Niger to almost 2013. Exploration plans for the coming years include further ground exploration, further target definition and drilling.

The Company wishes to thank the government and people of Niger for this vote of confidence and assure them of its continued commitment to the exploration of its concessions.

Asekra Field Program

Presently, Homeland geologists are reviewing the results from its field sampling program completed in early May, where a series of lines crosscutting the three main target areas defined on the Asekra license block were completed, consisting of detailed geochemical sampling and geological mapping where outcrops were encountered.

Given the large size of these target areas, upwards of twenty kilometres in strike length and over 10 kilometres in width, additional mapping and sampling may be undertaken in order that drill targets may be precisely delineated. All three target areas comprise a combination of gamma, radon, uranium and pathfinder element anomalies, within and above known uranium-bearing sedimentary formations and structural features.

Asekra is located approximately 30 kilometres west of Areva's giant Immouraran uranium mine in the Tim Mersoï Basin, one of the world's richest and most prolific uranium mining districts.


The Company also reports that 14,779,550 warrants issued on June 6, 2007, with an exercise price of $1.25, and later re-priced to $0.80, have expired as of June 19, 2010.

Homeland Uranium Inc. is a Canadian-based mineral resource company focused on uranium. In addition to its flagship property in Niger, the Company holds a fifty-one percent interest in Southern Andes Energy Inc. (TSX VENTURE:SUR), which in turn controls a commanding land position in the uranium-rich Macusani Plateau in southeastern Peru, within which several historically documented uranium occurrences are known. For more information about Homeland, please visit the Company's website: www.homelanduranium.com. For more information about Southern Andes, please visit its website: www.solexresources.com.

This news release may contain forward-looking statements that are based on the Company's expectations, estimates and projections regarding its business and the economic environment in which it operates. These statements are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Therefore, actual outcomes and results may differ materially from those expressed in these forward-looking statements and readers should not place undue reliance on such statements. Statements speak only as of the date on which they are made, and the Company undertakes no obligation to update them publicly to reflect new information or the occurrence of future events or circumstances, unless otherwise required to do so by law.

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