Homeland Precious Metals Corp.
OTC Bulletin Board : HPMEF

Homeland Precious Metals Corp.

August 25, 2005 09:01 ET

Homeland Precious Metals Corp. Announces Favorable Geophysics Report

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 25, 2005) - Homeland Precious Metals Corp. (OTCBB:HPMEF) reports that a recently completed independent review of work conducted on the Bell Flat property supports the Company's contention that previous drilling by others has not adequately tested the anomalies indicated by a pole-dipole IP survey that was conducted in 1992.

The report indicates three well-developed features trending northwesterly on the north end of the property that appear to be either intrusive dikes or structures very near surface. Nearby jasperoid developed in Triassic limestone contains anomalous to ore grade gold values to 0.039 opt gold at surface. Although previous drilling in the IP target area encountered 1.6 opt silver over 20 feet with significant lead and zinc in one hole, and 45 feet of 0.01 opt gold in altered Tertiary volcanic rock, the drilling did not encounter the jasperoid zone. This suggests that the drilling did not test the high IP responses indicated in the survey, and the drill logs do not show any significant change in rock type or mineralization that would have caused the IP response. The conclusion drawn from this is that the drill holes were sited too far to the north of the known mineralization. The entire strike length of the IP anomaly is greater than 5000 feet long and up to 100 feet in width.

Although the south end of the Bell Flat property was not covered by the IP survey, physical sampling shows that mineralization occurs within a clay-altered shale with abundant iron oxide. A granitic sill intrudes the Triassic sediments and is mineralized with copper, silver and gold. The clay-altered shale zone easily weathers away and becomes covered by soil and rock debris, masking the area of potential mineralization. Numerous investigators have obtained ore grade values to 0.15 opt gold in shallow trenches from the south target area.

As a result of the favorable information revealed by this independent geophysics report, the Company will be proceeding with its planned exploration program for the Bell Flat property. The work will help to determine the extent of mineralization and alteration and will consist of an auger drill program that will collect up to 400 samples from holes spaced on a grid over the subject area. The work program is scheduled for September of 2005.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Homeland Precious Metals Corp. filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at www.sec.gov.


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