Homeland Precious Metals Corp.
OTC Bulletin Board : HPMFF

Homeland Precious Metals Corp.

June 10, 2009 13:11 ET

Homeland Precious Metals Corp. Proceeds With Share Consolidation

VANCOUVER, BRITISH COLUMBIA--(Marketwire - June 10, 2009) - Homeland Precious Metals Corp. ("Homeland") (OTCBB:HPMFF) is pleased to announce that it intends to proceed with the consolidation of its outstanding Class "A" Voting Shares on the basis of one new share for each 100 existing shares (the "Consolidation"). The Consolidation was approved by shareholders at Homeland's annual general meeting held on March 27, 2009.

The Consolidation became effective on May 12, 2009.

Prior to the Consolidation, Homeland has 14,989,800 Class "A" Voting Shares issued and outstanding. As a result of the Consolidation, Homeland will have approximately 149,900 Class "A" Voting Shares issued and outstanding, although the exact number could vary as the result of the cancellation of fractional shares arising when the holdings of individual holders are consolidated.

Homeland will be sending a letter of transmittal to each of its registered shareholders which will indicate the procedure to follow to exchange their existing share certificates for new post-consolidation share certificates. Registered shareholders should carefully review and follow the procedures described in the letter of transmittal to ensure they receive their share certificates in a timely manner. Shareholders whose shares are held through a broker or other market intermediary do not need to complete a letter of transmittal and should contact such broker or market intermediary if they have any questions.

Disclaimer: This announcement may contain forward-looking statements that involve risks and uncertainties. Please visit our website at www.homelandpreciousmetals.com to read our complete disclaimer or view the Homeland Precious Metals Corp. filings with the Securities and Exchange Commission which may be accessed through the SEC's web site at http://www.sec.gov.

Contact Information