Homeland Energy Group Ltd.

Homeland Energy Group Ltd.

April 03, 2012 15:53 ET

Homeland Energy Group Announces Delay in Filing of Audited Financial Statements

TORONTO, CANADA--(Marketwire - April 3, 2012) - Homeland Energy Group Ltd. (TSX:HEG) ("Homeland" or the "Company") wishes to advise that there has been a delay in the filing of its audited financial statements, MD&A and AIF for the year ended December 31, 2011 (the "Financial Disclosure") which were due to be filed on or before March 30, 2012 pursuant to relevant securities laws. The delay has resulted from transition issues arising from the Company's change of auditor earlier this year.

The Company intends to work diligently to file the Financial Disclosure as soon as possible. The Company is confident that the Financial Disclosure will be filed in the next several days.

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.

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