Homeland Energy US Acquisition Conference Call to Be Held Thursday August 28, 2008

Market Wire, August, 2008

Homeland Energy Group Ltd. (TSX: HEG) ('Homeland' or the 'Company') announces that it will hold a conference call to discuss the details of the recent acquisition of a US Central Appalachian coal producer and associated coal marketing company (see Homeland press releases dated August 27, 2008). The conference call will be held on Thursday August 28 at 10:00 a.m. EST.

Homeland Energy Chief Executive Officer, Stephen Coates, and Chief Operating Officer, Mike Nell, will offer details on Homeland's acquisition of coal miner, Appolo Fuels, and coal marketing company, Diversified Energy.

Conference Call Information:

Toll Free (North America): 1 800-952-6845
Toll Free (outside North America: 1 800-6578-9898
Toronto Local: +1 416-695-6140
- If you experience difficulties with the International Toll Free
connection, dial long distance to the Toronto Local number.

Conference Call REPLAY
Toll Free REPLAY Call:                1 800-408-3053    Passcode 3269505
Local & International REPLAY Call:    1 416-695-5800    Passcode 3269505

The conference call REPLAY will be available until 11:59 p.m. E.T. on Sept 11, 2008.

For further information on the conference call or audio webcast, please contact the Naomi Nemeth in Investor Relations (+1 416-542-3978) or visit our website, www.homelandenergygroup.com .

Homeland Energy Group Ltd. is a producing coal company, traded on the Toronto Stock Exchange under the symbol "HEG". The company is focused on energy exploration and development in Southern Africa. Homeland owns two producing operations in South Africa - the Kendal Mine near Witbank, and the Northfield site reclamation project near Dundee; an advanced development coal project in South Africa (Eloff Coal Mining Project) as well as a number of early-stage exploration properties in the provinces of Mpumalanga and Kwa-Zulu Natal. The Company is currently negotiating to acquire interests in a number of additional coal properties in eastern South Africa and neighbouring countries. Homeland is a significant shareholder in Homeland Uranium Inc., a Canadian uranium exploration and development company focused on projects in Niger and the United States, and has several other global strategic investments. Homeland Energy Group Ltd. began trading on the Toronto Stock Exchange on March 5, 2008 and has 150,079,642 common shares issued and outstanding.

Contacts: Homeland Energy Group Ltd. Naomi Nemeth Vice President, Investor Relations (416) 506-1979 Email: nnemeth@homelandenergygroup.com Homeland Energy Group Ltd. Stephen Coates President and Chief Executive Officer +44 20 7016 9881 Email: scoates@homelandenergygroup.com Website: www.homelandenergygroup.com