GC-Global Capital Corp.
TSX VENTURE : GDE.A

GC-Global Capital Corp.

March 19, 2008 09:30 ET

GC-Global Capital Corp. Announces the Successful TSX Listing of Its Client Company Homeland Energy Group Ltd. and the Conversion of Its US$2,000,000 Homeland Energy Group Ltd. Debenture

TORONTO, ONTARIO--(Marketwire - March 19, 2008) - GC-Global Capital Corp. (TSX VENTURE:GDE.A) ("Global Capital") is pleased to announce the recent TSX listing of its client company Homeland Energy Group Ltd. ("Homeland") (TSX:HEG) and the conversion of its US$2,000,000 debenture in Homeland. Homeland is focused on energy exploration and development in Southern Africa. Over the last three years Homeland and its operating subsidiaries have raised and invested over US$55,000,000 into their mining operations. Today, Homeland owns three advanced development/pre-development 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 also a significant shareholder in Homeland Uranium Inc., a Canadian uranium exploration and development company focused on projects in Niger and the United States.

In June of 2007, Global Capital provided US$2,000,000 to Homeland through a secured convertible debenture. In late February of this year, Global Capital converted its debenture into 3,241,000 common shares (post share-split) of Homeland Energy Group Ltd. The average cost per share equates to CDN$0.61 per common share.

"With coal production at their South African operations set to commence in 2008, Homeland is now positioned to deliver substantial growth over the coming years," said Global Capital's C.E.O. Jason Ewart. He added "This transaction is another example of Global Capital's commitment to its shareholders of participating in well positioned and well managed companies like Homeland."

About Homeland Energy Group Ltd.:

Homeland Energy Group Ltd. is a public company trading on the Toronto Stock Exchange under the symbol "HEG" focused on energy exploration and development in Southern Africa. Homeland owns three advanced development and pre-development coal projects in South Africa and a number of early-stage exploration properties in the provinces of Mpumalanga and Kwa-Zulu Natal. Homeland is also a significant shareholder in Homeland Uranium Inc., a Canadian uranium exploration and development company focused on projects in Niger and the United States, and has a several other global strategic investments. The Company has 145,001,117 common shares issued and outstanding. For more information, please refer to the corporate website at www.homelandenergygroup.com

About GC-Global Capital Corp.:

Global Capital is a merchant bank, which provides bridge loan services (asset back/collateralized financing), to companies across many industries such as oil & gas, mining, real estate, manufacturing, retail, financial services, technology and biotechnology.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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