Investor Inquiries:

1 Berkley Street, Suite 307

London, UK W1J 8DJ

Tel: +44 (0)20 7016 9881, Fax: +44 (0)20 7016 9100

info@homelandcorp.com

Stephen Coates, CEOJanuary 2008

Investor Inquiries:

Naomi Nemeth, VP Investor Relations

144 Front Street, West

Toronto, ON CANADA M5J 2L7

Tel: +1 416 506 1979, Fax: +1 416 362 6830

info@homelandcorp.com

The Company

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The Company:

33.2 million shares on issue (post-split, at listing: 132.8 million)

Arrangement to merge with TSXv listed Chrysalis IV: ‘CIV.P’

Market capitalisation of C$146 million at $4.40 per share (last financing)

Anticipated share offering in 2008 will finance Eloff Mine development

Estimate of up to $80 million in EBITDA from Kendal and Eloff annually by 2011

Strong BEE partners – with working knowledge of Coal Mining, South Africa & DME

Significant exposure to regional exploration & development projects

Owns significant block (39%) of Homeland Uranium (IPO Q1/08)

Eloff Mine:

Phase 1 - to start Q1 2010

Drill inferred resource of 382Mt coal

Potential for mine-mouth operation and/or export coal

Kendal Mine:

Final licence anticipated in Q1/08

Construction nearly complete

Tender process for mining contract

Start-up in Q1 2008

Eloff Deposit (BEE partner - 50%)

• NPV - ~US$200 M (assume 30 yr mine, 12.5% DCF, 3 yr ramp up to $58 M EBITDA) projected by Management

• 382 Mt Inferred Resource - Ideal coal for power generation, coal-to-liquids and export markets. Additional resource definition, mine planning, environmental work and mining applications are all underway. Raw Coal Qualities: ~ 19 mJ/kg & (washable to 20-26MJ/kg), 15-33% Ash, low moisture, low sulphur

Kendal Mine (BEE partners - 26%)

• NPV - ~US$125 M (assume 15 yr mine, 12.5% DCF, $20 M EBITDA) projected by Management

• Planned 1.8Mtpy Production, US $15M/year cash flow net HEC, Mining Licence is under application. Raw Coal Qualities: ~ 22 mJ/kg, 25% Ash, 53% FCC, 4% H2O, low sulphur

Northfield Dump (BEE partner - 0%)

• NPV - US$14 M (assume 3yr mine, 12.5% DCF, $6 M EBITDA) projected by Management

• Expected production of 300,000 tpa, US$6M/year net cash flow, Mining Permit issued in Dec ’07. Coal Qualities: Coking Qualities slurry dump

South Africa, Assets

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2007

2007

2007

Onbekend Deposit (BEE partner - 50%)

• Prospecting Licence Granted, resource potential of several million tonnes metallurgical coal, 2,864 acres, Resource definition drilling commenced Q2 2007 and is ongoing

Witrand Deposit (BEE partner - 50%)

• Prospecting Licence Granted, resource potential of several million tonnes metallurgical coal, 1,577 acres, Drilling began in Q4 2007

Vlakvarkfontein Deposit (BEE partner - 50%)

• Prospecting Licence Granted, resource potential of couple of million tonnes thermal coal, 1,117 acres, Resource definition drilling began in Q4 2007

Boschpoort Deposit (BEE partner - 50%)

• Prospecting Licence Granted, large resource potential of thermal coal, 1,645 acres, Resource definition drilling to commence in Q4 2007

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South Africa, Assets

Carolina Deposits (Tyfwelaar, Blenheim, Steynsdraai, Vaalbult) (BEE partner - 50%)

• Prospecting Licence Granted, 8,694 acres, Data currently being acquired, Resource definition drilling commenced in Q4 and is ongoing

Additional Deposits (BEE partner - 50%)

• 3 additional Prospecting Licences Granted, nl. Sheepmoor; Langsloot & Project X, Drilling to commence in Q1 2008

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Assets• Kwa-Zulu Natal Deposits Prospecting rights granted on 9 farms, 6761 Acres. Large resource potential of

anthracite and coking coal. Acquisition deal with BEE Partner in final stages of completion.

• Swaziland Coal Deposit

Homeland has applied for a Prospecting and Mining licence for anthracite deposit at Mpaka Coal. Has been short-listed for consideration.

• Botswana Coal

Five concessions with prospecting rights awarded to local partners. Potential for thermal coal, gasification and Coal Bed Methane. Acquisition deal with local partners in final stages of completion.

• Zambia Coal

Part of Homeland’s business plan is to become active in Zambia.

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• Development of a mid-tier coal producer

• Cash flow anticipated in 2008

• Favourable current valuation in expected RTO pricing

• TSX Listing via RTO into a Capital Pool Company (CPC)

• Potential subsequent AIM listing

• Significant equity ownership (38%) of Homeland Uranium (HUI), listing on the TSXv

• Significant exposure to a new global uranium play via HUI

Opportunity

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• Drill, confirm and licence Eloff for production by end of Q2 2009

• Complete licencing and commence production at initial project - the Kendal Mine - in 2009

• Continue discussions for off-take of coal from Kendal and Eloff and

others

• Progress environmental assessments and mine planning

• Progress prospecting projects to feasibility

Operating Plans

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Management TeamA. Tom Griffis, Executive Chairman

• More than 20 years’ experience with resource investment and exploration in Africa• Founder and director of several public companies in Canada and the UK

Stephen Coates, Chief Executive Officer • Former investment professional specializing in the mining and exploration sectors• Business development in the gold and copper exploration sectors• Founder of Homeland Energy

Mike Nell, Managing Director, Homeland Mining & Energy SA (PTY) Ltd.• Formerly with Anglo Coal and Injula Mining, both of South Africa• Spent 25 years in the coal and mining sectors in Africa• Responsible for development of Homeland’s coal mining operations

Stephen Woodhead, CA (South Africa), Chief Financial Officer• Former CFO of Desert Sun, Toronto, Canada

• Experience with 12 public resource companies trading in Canada, UK, USA & South Africa

• South African native with more than 16 years experience in the mining & public finance sectors

Malibongwe (Reeboh) Mandela, VP, Business Development - Africa• Former VP Business Development for Energetic Petroleum

• Responsible for the Company’s Government Relations and new business initiatives in Africa

Martin Bartle, Middelburg, Executive General Manager HMESA

• More than 27 years’ experience in Training, SHEQ, Risk Management and Strategic Management

• A recognized expert in Mine Health, Safety and Training

• Previously held senior management positions within Anglo Coal, Eyesizwe and Exxaro Corporations

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Board of Directors

• Stephen Coates, Founding Director - London, UK

President & CEO, Homeland Energy Corp.

• A. Tom Griffis, Chairman, Director - Toronto, Canada

Founder and Chairman of Griffis International Limited

• Avrom Howard, Founding Director - Colorado, USA

VP Exploration, Homeland Uranium Inc.

• Laurence Curtis, Independent Director - Oakville, Canada

President and CEO, Intrepid Mines Limited

• Neil McLoughlin, Independent Director - Paris, France

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Key Strategic Advisors

• Laurence Curtis, Toronto, Canada, President, Intrepid Mines Limited An internationally renowned exploration geologist with more than 35 years’ experience in exploration geology around the world including

10 years in uranium exploration and development, Dr. Curtis serves as President and CEO of Intrepid Mines Limited and also serves on the boards of High River Gold Mines and Alturas Resources. Dr. Curtis is a key individual in identifying and evaluating uranium assets in North America.

• Setty Motalaote, Gaborone, Botswana - CEO, Wave Waste

Mr. Motalaote is an entrepreneur in environmental management and global environmental. Mr. Motalaote is a key member of the Homeland team in his ability to identify opportunities and represent the vision and interests of Homeland Energy in Botswana and elsewhere in southern Africa.

• Tshepo Kgadima, Johannesburg, South Africa - CEO, Lontoh South Africa

Mr. Kgadima is a specialist in Black Economic Empowerment and the South African regulations dealing with Historically Disadvantaged Individuals. Mr. Kgadima is responsible for ensuring that Homeland’s licences and applications for prospecting and for mining are not only within government guidelines, but exceeding them. Lontoh South Africa is also the managing partner of Homeland’s applications for coal licences in Swaziland.

Mr. Kgadima is assisted by Mr. Bheki Simelane who is a retired lawyer from Swaziland and is consulting presently.

• Bruce Buthelezi, Johannesburg, South Africa - Managing Director, Energetic Petroleum PTY

Mr. Buthelezi has been a force in the energy sector in Africa since the founding of Energetic Petroleum. Mr. Buthelezi’s influence and knowledge of regional and national politics is critical to Homeland’s strategic plans going forward. Mr. Buthelezi, Mr. Mandela and Mr. Motalaote form the key African strategic advisors to Homeland Energy Corp.

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Key Technical Team - Coal

• Hanno Spangenberg, Middelburg, South Africa, Engineering Manager

Mr. Spangenberg has 18 years’ experience in the coal mining sector in South Africa. Trained and certificated as an Electrical Engineer, he is responsible for site establishment and operations at Homeland’s Kendal Mine as well as overseeing planning and design of the Eloff Mine and other projects in South Africa. Mr. Spangenberg joined Homeland in 2006 from BHP Billiton.

• J. Andrew Johnson, Middelburg, South Africa, General Manager, Mining & Planning

Mr. Johnson is a professional Mining Engineer with many years of experience operating and planning mines in Britain, South Africa, Angola and Mozambique specializing in coal. With experience in large corporate systems and single operations, Mr. Johnson also has extensive experience with long-term mine budgeting and financing.

• Owner Siweya, Johannesburg, South Africa, Manager of Licence Processing

Trained in Law and very experienced with South Africa’s Department of Mines and Energy (DME) operations, Mr. Siweya heads three of Homeland’s local black empowered partners. Mr. Siweya is responsible for shepherding Homeland projects through the application processes in the DME.

• George Gericke, Witbank, South Africa, Project Manager & Design Engineer Consultant

With more than 25 years’ engineering experience in the mining and power generation industries, Mr. Gericke is a leading engineering consultant to the South African coal industry, specializing in beneficiation and project management.

• Rudolf Boer, Johannesburg, South Africa, Environmental Science Consultant

Dr. Boer is President of Ferret Mining and Environmental Services. He is responsible for the preparation, submission and compliance of Homeland’s environmental plans for its development projects. Dr. Boer was a Principle of Ferret Coal Holdings, a company recently acquired by Homeland.

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Coal Project Locations

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5 Concessions

Kendal Mine Cash Flows

Kendal Project (1)US Dollars Equiv.

(2)

Annual Production Figures Updated August 1, 20071,800,000 tonnes

(1,483,200 t salable)

Cost of Production:Crushed & Screened (C&S) $11.42/tonne

Washed $16.45/tonne

Revenue:Crushed & Screened (C&S) $12.85/tonne

Washed $26.20/tonne

Operating Margin:Crushed & Screened (C&S) $ 1.43/tonne

Washed $ 9.75/tonne

Annual Operating Cash Flow:

- 480,000 tonnes (27%) - Crushed & Screened (C&S)

$0.7 MM

- 1320,000 tonnes (73%) -Washed

$18.2 MM

Total $18.9 MM

(1) Figures are based on Management Estimates

(2) Exchange rate of 7.00 rand = US$1.00

Note: Homeland holds a 74% Interest in the above 14

Northfield Dump•Northfield Coal Dumps (Coking Coal)

•Purchase Price: $ 1.7MM

•Cap-Ex Requirements: $ 400k

•Projected Production: 300,000 tonnes/year

•Sales Margin: $ 20/tonne

•Annual Cash Flow: $ 5.9MM

•Mine Life: 3 years

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Projected Coal Operations

ProjectName

ProductionDate

Cap Costs (US$)

Production (Mtpa)

Resources (M Tonnes)

Mine Life (Yrs)

EBITDA (US$/Yr)

Kendal Thermal/Met Q2/08 $ 9.5M 1.8 34 ** 15 $ 15M

NorthfieldsCoking Coal Q4/07 $ 400k 0.3 1 ** 3 $ 6M

Eloff - Phase IThermal/Met Q4/09 $ 150M 6 100 15+ $ 35M

Eloff - Phase IIThermal/Met Q4/10 TBD 6 282 35 TBD

TOTALS $ 160M 8.1 (to 18) 400 + ** +/- 30 Yrs $ 56M

** indicates that these figures are based on historic data and have not been independently verified. As such these resource figures cannot be relied upon.

•EBITDA reflects Homeland’s NET interest•Figures do not reflect accretion from potential acquisitions•All estimates are based on Management Projections

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Project Timelines

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Q1 2008 Q2 2008 Q3 2008 Q4 2008

Homeland Coal

Botswana: Property Acquisition & Evaluation Drill Program

South Africa Kendal and Northfield to full production Eloff Licence follow-on work

Exploration, Resource Delineation & Strategic Partnership Development

Homeland Uranium

Launch of Ground Exploration in Niger Niger Exploration Initial Drilling Program

USA: Drilling and Project Acquisition

Focus on New, Advanced Projects

Corporate RTO to TSX Aftermarket Coverage Possible Eloff Financing

Corporate Profile at IPO

1. Two operating coal mines producing more than 2 MTPY and increasing to 3 mines and more than 6 MTPY by 2010

2. One advanced project moving to production in 2008

3. Two exploration projects moving to Feasibility stage in 2008

4. Control of expected in situ coal resources in South Africa in excess of 500 Mt

5. Drilling on possible Botswana property with potential for > 1B tonnes

6. Swaziland coal property with potential for production in 2009

7. Significant position of Homeland Uranium to be listed on TSXv

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Capital Structure

Canada:

144 Front Street West, Suite 780Toronto, ON M5J 2L7

Tel: +1 416 506 1979Fax: +1 416 362 6830

United Kingdom:

1 Berkeley Street, Suite 307London W1J 8DJ

Tel: +44 (0)20 7016 9881Fax: +44 (0)20 7016 9100

Shares Outstanding 33,164,325

Fully Diluted 36,311,598

Cash PositionJanuary 1, 2008 C$5.3 million

Homeland Energy

Registered Office:

Craigmuir Chambers

Post Office Box 71

Road Town, Tortola British Virgin Islands19

Stephen CoatesPresident & CEO

orNaomi Nemeth, VP Investor Relations

info@homelandcorp.com