Homeland Precious Metals Corp.
OTC Bulletin Board : HPMEF

Homeland Precious Metals Corp.

July 17, 2007 11:57 ET

Homeland Precious Metals Corp. Provides Project Update on Water Canyon, Nevada

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 17, 2007) - Homeland Precious Metals Corp. (OTCBB:HPMEF) is pleased to report that the field work has been completed for the previously announced Gradient Array Induced Polarization ("IP") geophysical survey of the Water Canyon Project, Nevada.

Water Canyon is located adjacent to Newmont's Mule Canyon Mine Properties in the world renowned Battle Mountain-Eureka Trend of north-central Nevada. The property consists of approximately 2,560 acres (approx. 4 sq miles) including 960 acres of private lands and 1600 acres of unpatented mining claims immediately along strike of the Mule Canyon Mine Complex. The adjacent, contiguous Mule Canyon Property produced approximately 500,000 ounces of gold from six open pits over a seven-year period. Water Canyon lies along strike, 1.5 miles immediately north of the Mule Canyon open pits.

The data collected from Homeland's IP survey, along with data from a Ground Magnetic survey that was run concurrent with the IP survey, is now in the hands of the geophysicist for analysis and interpretation. The Ground Magnetic survey will help to further define the interpretation of the IP geophysical survey. The results of this analysis will identify the drill targets for the upcoming Phase 1 drill program later this year.

"We're very pleased with the quality of the data produced by these two surveys," said George Eliopulos, Director of Exploration for Homeland Precious Metals. "This data will provide crucial information in the third dimension which, along with data provided from past work on the property, will help us zero in on the specific targets that will be the focus of our planned Phase 1 drill program."

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties. Please visit our website at www.hpmef.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.

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