Homeland Energy Group Ltd.

Homeland Energy Group Ltd.

January 29, 2015 19:08 ET

Homeland Energy Group Ltd. Announces Changes to its Board of Directors and Officers

TORONTO, CANADA--(Marketwired - Jan. 29, 2015) - Homeland Energy Group Ltd. (NEX:HEG.H) ("Homeland" or the "Company") is pleased to announce the appointment of Manfred Leventhal, Neeraj Mehta, Srikant Nayak and Ajay Gupta to its Board of Directors.

The existing independent directors Edwin Lee, Neena Gupta and Michael Garvey have resigned from the Homeland board of directors. The Company would like to thank Messrs. Lee, Gupta and Garvey, for all their efforts during their tenure with the Company and wish them all the best moving forward.

The board of directors has appointed Mr. Gupta as Chairman & Chief Executive Officer to fill the vacancy created by resignation of Mr. Shah last month. Mr Gupta resigned as Chief Financial Officer and Murtaza Dean has been appointed as Chief Financial Officer by the board.

The board also appointed Jo-Anne Archibald as Corporate Secretary, replacing Kathleen Skerrett who resigned as Corporate Secretary. Ms. Archibald, has over thirty years of corporate secretarial, investor relations and marketing experience and is currently the President of DSA Corporate Services Inc. a leading Canadian provider of corporate secretarial services for reporting issuers.

Homeland Energy Group Ltd. (NEX:HEG.H) is a company seeking out interests in viable projects in neighbouring countries as well as internationally. Homeland Energy Group Ltd. is currently traded on the NEX under the symbol HEG.H with 472,204,149 common shares issued and outstanding. www.homelandenergygroup.com

CAUTIONARY STATEMENT: Neither the TSX-V nor its Regulation Services Provider (as that term is defined in the policies of the TSX-V) accepts responsibility for the adequacy or accuracy of this release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. This News Release includes certain "forward-looking statements". All statements other than statements of historical fact, included in this release, including, without limitation, future plans and objectives of the Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company's expectations are the risks detailed herein and from time to time in the filings made by the Company with securities regulators including the following: (i) Homeland has stopped commercial operations and has no history of profit; (ii) investment in the common shares of Homeland is highly speculative given the unknown nature of Homeland's business and its present stage of development; (iii) there is no assurance that Homeland will find a profitable undertaking or that it can successfully conclude a purchase of such an undertaking at all or on terms which are commercially acceptable; (iv) the directors and officers of Homeland will only devote a portion of their time to the business and affairs of Homeland and some of them are or will be engaged in other projects or businesses such that conflicts of interest may arise from time to time; and (v) there can be no assurance that an active and liquid market for Homeland's common shares will develop and an investor may find it difficult to resell its common shares. This list is not exhaustive of the factors that may affect any of Homeland's forward-looking statements. These and other factors should be considered carefully and readers should not place undue reliance on Homeland's forward-looking statements. Although Homeland believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Homeland disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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