Homeland Energy Group Ltd.

Homeland Energy Group Ltd.

May 17, 2010 15:28 ET

Homeland Energy Provides Update on Filing of Financial Statements

TORONTO, CANADA--(Marketwire - May 17, 2010) - Homeland Energy Group Ltd. (TSX:HEG) ("Homeland" or the "Company") advises that further to the Press Release of May 7, 2010 the filing of the financial statements and related documents for the year ended December 31, 2009 and the first quarter ended March 31, 2010 has been delayed to May 19, 2010.

All required information necessary to complete these financial statements has been received and the audited financial statements, management's discussion and analysis, annual information form and related CEO and CFO certifications for the year ended December 31, 2009 are substantially completed but in order to ensure that all disclosure is complete the Company has determined to delay the filing to May 19, 2010. It is expected that all filings will be made after the market closes on that day.

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 302,115,756 common shares issued and outstanding. www.homelandenergygroup.com.

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