Permit Received To Commence Coyote Drill Program

VANCOUVER – Homeland Uranium Corp. reported that its wholly-owned subsidiary, Shift Exploration Inc. has received the necessary approvals from both the US Bureau of Land Management (BLM) and the Colorado Division of Mine Reclamation and Safety (DMRS) to commence the planned drilling program at the Coyote Basin Project, in Moffat and Rio Blanco Counties, in northwest Colorado.

Both the DMRS and BLM have approved the Notice of Intent Permit application.

The permit approves the drilling required to complete Part 1 of Phase 1 Exploration Plan at Coyote Basin. allowing for the drilling of approximately 35 reverse circulation holes totalling approximately 17,000 ft (5,300 m) that will be focussed on the key historical resource-bearing locations identified by previous operators and during the Company’s June mapping and prospecting program. The entire Phase I exploration plan to evaluate the historical resource estimate at Coyote Basin consists of 50 to 70 holes totalling approximately 33,000 ft (10,000 m). Location of all Part 2 holes will be contingent on the results of Part 1 and will require a separate permit from the BLM and DMRS.

“The timely receipt of our exploration permit from the DMRS and BLM is a milestone that shareholders have been awaiting since the inception of Company in March. We are excited to be able to kick off our maiden drill program at Coyote Basin and commence the work of proving up the historical resource estimate reported by the previous project operators. The permitted Part 1 program will allow the Company to further refine target selection for the second half of the Phase 1 drilling program and initiate the first steps of the metallurgical evaluation process of Coyote Basin uranium mineralization, both of which are key Company objectives,” said Roger Lemaitre, President & CEO.