Homeland Uranium Inc.

Homeland Uranium Inc.

March 18, 2008 20:00 ET

Homeland Uranium Inc. Issues Stock Options

TORONTO, ONTARIO--(Marketwire - March 18, 2008) - Homeland Uranium Inc. reports that subject to regulatory approval, it has granted incentive stock options to directors, officers and consultants of the Company. Directors, officers and consultants were issued an aggregate of 2,710,000 options exercisable at a price of $0.80 per share for a period of five years. All options granted are subject to vesting conditions of 25% released upon granting, 25% released six months after granting, 25% released twelve months after granting, and the remainder released eighteen months after granting as per the Company's stock option plan, approved May 7, 2007.

Homeland Uranium is a well-financed Canadian company with a strategic focus on advanced stage uranium projects with a demonstrated potential to be brought to commercial production. Homeland has interests in a diverse portfolio of advanced stage uranium projects in the United States and in Niger. These assets include:

- The Agelal and Asekra concessions in Niger. Agelal adjoins concessions controlled by AREVA which operates two uranium mines on their ground, both in close proximity to Homeland's boundary

- A portfolio of 10 uranium projects in the Colorado Plateau region of Colorado and Utah

- A treasury in excess of $16 million in cash.

This news release may contain forward-looking statements based on assumptions and judgments of management regarding future events or results. Such statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements. The Company disclaims any intention or obligation to revise or update such statements.

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