SOURCE: Homeland Resources Ltd.

February 04, 2013 08:30 ET

Homeland Resources Appoints Oil and Gas Finance Veteran as COO and CFO

ALBUQUERQUE, NM--(Marketwire - Feb 4, 2013) - Homeland Resources Ltd. (OTCQB: HMLA) ("Homeland" or the "Company"), an emerging oil and gas exploration and production company, is pleased to announce that it has appointed Paul Maniscalco as the Company's new Chief Operating Officer (COO) and Chief Financial Officer (CFO).

"Mr. Maniscalco is a seasoned executive that brings more than 16 years of extensive experience in accounting and corporate finance to the Company," stated Armando Garcia, President of Homeland. "We look forward to Paul's contributions as we continue to prepare for initial drilling at the Liberty Ridge exploration project in Oklahoma and review other additional projects for potential involvement."

Maniscalco has over 16 years of SEC related financial reporting and audit experience. He began his career as an auditor with BDO Seidman, LLP and subsequently PricewaterhouseCoopers LLP prior to working with several regional CPA firms. In 2006, Mr. Maniscalco formed SJM Financial and Accounting ("SJM"). SJM provides outsourced CFO and controllership services primarily to small and midcap companies within the exploration and production industry. Maniscalco has served as both Chief Financial Officer and Principal Accounting Officer for various exploration and production companies.

"I am excited to be joining the Homeland Resources team at such an important time in the Company's development," said Maniscalco. "The Company has established a strong foundation for growth and is now well-positioned for long-term success. I look forward to helping execute a well-planned business strategy and remain excited about the opportunities ahead."

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About Homeland Resources

Homeland Resources Ltd. (OTCQB: HMLA) is a performance-driven exploration and production company focused on developing relatively low-risk North American natural gas reserves. The Company's current focus is on the continued exploration and development of its property portfolio comprised of working interests in the Smoky Hill Project (5% interest) and the Liberty Ridge Project (5% interest) in Oklahoma. Homeland Resources is also seeking to expand its portfolio to include additional interests in North America.

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Notice Regarding Forward-Looking Statements: Statements which are not historical facts are forward-looking statements. The Company makes forward-looking public statements concerning its expected future operations, performance and other developments. Such forward-looking statements are necessarily estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that other factors will not affect the accuracy of such forward-looking statements. It is impossible to identify all such factors but they include and are not limited to the existence of underground deposits of commercial quantities of oil and gas; cessation or delays in exploration because of mechanical, operating, financial or other problems; capital expenditures that are higher than anticipated; or exploration opportunities being fewer than currently anticipated. The Company has no official gas or oil reserves at this time and may not have sufficient funding to thoroughly explore, drill or develop its properties. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation, managing and maintaining growth, the effect of adverse publicity, litigation, competition and other factors which may be identified from time to time in the Company's public announcements and filings.

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