Homeland Energy Group Ltd.

Homeland Energy Group Ltd.

July 07, 2010 09:42 ET

Homeland Energy Confirms Rescission Period

TORONTO, CANADA--(Marketwire - July 7, 2010) - Homeland Energy Group Ltd. (TSX:HEG) ("Homeland" or the "Company") advises that, further to the press release of July 2, 2010 the Company has forwarded the amended prospectus to rights holders via prepaid mail. Any person who exercised their rights as part of the Company's Rights Offering (see Press Release dated June 2 and June 9, 2010) may elect to rescind their rights subscription by no later than 5:00 p.m. ET on July 9, 2010. Persons who have exercised their rights should contact their relevant investment broker for further instructions.

The amended prospectus will be available for viewing on SEDAR at www.sedar.com.

Homeland Energy Group Ltd. (TSX:HEG) is a coal producer with operations in the Witbank area of South Africa. The company also has a large-scale development property in South Africa and exploration interests in Southern Africa. Homeland will continue to seek out interests in additional coal projects in South Africa and neighbouring countries as well as internationally. Homeland is a shareholder in Homeland Uranium Inc., a Canadian uranium exploration company focused on projects in Niger and the United States. Homeland Energy Group Ltd. is currently traded on the Toronto Stock Exchange under the symbol "HEG" with 302,115,756 common shares issued and outstanding. www.homelandenergygroup.com.

Please visit www.homelandenergygroup.com.

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