Homeland Energy Group Ltd.

Homeland Energy Group Ltd.

December 20, 2007 17:12 ET

Homeland Energy Appoints Naomi Nemeth as VP, Investor Relations

TORTOLA, BRITISH VIRGIN ISLANDS--(Marketwire - Dec. 20, 2007) - Homeland Energy Corp. ("HEC" or the "Company") is very pleased to announce the appointment of Ms. Naomi Nemeth to the newly-created position of Vice President, Investor Relations. As part of Homeland Energy's senior management team, Ms. Nemeth will create and implement a comprehensive investor relations program, which will serve individual and institutional shareholders. Ms Nemeth will assume this role beginning January 1, 2008.

"Homeland Energy is at a pivotal point in its corporate development as we move from being privately held through to being publicly traded," commented Stephen Coates, CEO. "The addition of a first class investor relations professional at this time signifies to our current private shareholders and to future shareholders, as well as industry analysts and professionals that we are committed to an open dialogue with all of them. We believe Naomi will add great value as we benefit from her previous successes in the mining industry and from her relationships with the global investment community."

Over the course of the past 5 years, Ms Nemeth has served as Vice President of Investor Relations for African Copper, Wolfden Resources (acquired by Zinifex in April 2007), and Desert Sun Mining (acquired by Yamana Gold in April 2006). With more than 20 years experience in investor relations and corporate communications, Ms. Nemeth has extensive experience in a number of industry sectors including pharmaceutical and financial services, as well as mining. She has also held senior communications roles with industry advocacy associations and the Ontario Ministry of Northern Development and Mines.

Ms. Nemeth began her career as a field exploration geologist with Inco in the Yukon and Northern Ontario and holds an Honours B.Sc. in Geology and Biology from Brock University and a Masters Degree in Journalism from the University of Western Ontario. Ms. Nemeth continues to be actively involved with the Ontario chapter of the Canadian Investor Relations Institute (CIRI) and currently serves on the CIRI Ontario board as Past President.

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

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