Homeland Energy Group Ltd.
TSX : HEG

Homeland Energy Group Ltd.

March 05, 2008 11:17 ET

Homeland Energy Group Ltd. Begins Trading on the Toronto Stock Exchange (TSX:HEG) Today

- Homeland Trading on TSX following Reverse Take-Over by Chrysalis Capital IV Corporation - Name Change to Homeland Energy Group Ltd. - Appointment of Mr Mike Nell to Chief Operating Officer

TORONTO, ONTARIO--(Marketwire - March 5, 2008) - Homeland Energy Group Ltd. ('Homeland' or 'the Company') (TSX:HEG) is pleased to announce that it has begun trading on the Toronto Stock Exchange under the assigned ticker symbol of "HEG" as of March 5, 2008. In additions, the company has changed its formal name to Homeland Energy Group Ltd to better reflect the structure of the company.

"The start of trading on the Toronto Stock Exchange main board marks a significant milestone in the development and evolution of Homeland and offers an opportunity for its existing shareholders to realize the value of their ownership in the company," commented Stephen Coates, President and CEO. "At our inception three years ago, we indicated our intention to take this company to the public markets as we developed our projects and expanded our operations. We are extremely pleased to have reached this goal and look forward to an expanded shareholder base and the benefits of being a publicly traded company."

Homeland is also very pleased to announce the appointment of Mr. Mike Nell to the role of Chief Operating Officer. Mr. Nell has been serving the company in the role of Managing Director, South Africa since early 2006. "Without the valuable contribution of Mike Nell, we certainly would not have achieved the successes we have to date with our growing operation in South Africa and our prospects in Swaziland and Botswana," stated Stephen Coates. Mr. Nell has more than 24 years experience in the mining sector notably with Anglo Coal and Injula Mining. He has vast hands-on experience in mining programs in South Africa and elsewhere. Mr. Nell is responsible for managing Homeland's team of professionals and consultants in southern Africa.

Homeland Energy Group Ltd. is a public company trading on the Toronto Stock Exchange under the symbol "HEG" and is focused on energy exploration and development in Southern Africa. Homeland owns three advanced development/predevelopment coal projects in South Africa and a number of early-stage exploration properties in the provinces of Mpumalanga and Kwa-Zulu Natal. The Company is currently negotiating to acquire interests in a number of additional coal properties in eastern South Africa and neighbouring countries. Homeland is also a significant shareholder in Homeland Uranium Inc., a Canadian uranium exploration and development company focused on projects in Niger and the United States, and has a several other global strategic investments. Homeland Energy Group has 143 million shares outstanding.

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