Homeland Energy Group Ltd.

Homeland Energy Group Ltd.

August 28, 2012 08:36 ET

Homeland Energy Group Addresses Rumour

TORONTO, CANADA--(Marketwire - Aug. 28, 2012) - Homeland Energy Group Ltd. (TSX:HEG) ("Homeland" or the "Company") wishes to address the reports that have been circulating on the internet that the Company's controlling shareholder, GMR Energy Ltd. is seeking to dispose of its stake in the Company. Homeland has been advised that there is no basis for these statements or for any quotes attributed to representatives of GMR Energy Ltd.

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 Energy Group Ltd. is currently traded on the Toronto Stock Exchange under the symbol "HEG" with 471,204,149 common shares issued and outstanding. www.homelandenergygroup.com

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