Homeland Energy Group Ltd.
TSX : HEG

Homeland Energy Group Ltd.

January 22, 2012 23:32 ET

Homeland Energy Group Announces Notice of Change of Auditor

TORONTO, CANADA--(Marketwire - Jan. 22, 2012) - Homeland Energy Group Ltd. (TSX:HEG) ("Homeland" or the "Company") wishes to announce that effective January 19, 2012, the board of directors of Homeland has appointed MNP LLP as the Company's new auditors, replacing McGovern, Hurley, Cunningham LLP ("MHC").

The decision to change auditors was not the result of any disagreement between the Company and MHC on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure.

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 471,204,149 common shares issued and outstanding. www.homelandenergygroup.com.

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