Stephen Coates President & CEO

1. Stephen CoatesPresident & CEO March 2008 Investor Inquiries: 1 Berkeley Street, Suite 307 London, UK W1J 8DJ Tel: +44 (0)20 7016 9881, Fax: +44 (0)20 7016 9100 info@homelandenergygroup.com 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@homelandenergygroup.com

2. Legal This private investor presentation (the ‘Presentation’ is confidential and proprietary and may be furnished to prospective investors in connection with the private placement of the common stock of Homeland Energy Group Ltd. (‘HEG or the ‘Company’) for such investor’s confidential use with the express understanding that, without the prior written consent of HEG, such persons will not release this document or discuss the information contained herein or make reproduction of or use this Memorandum for any purpose other than evaluation of a potential investment in the common stock of the Company. This Presentation does not constitute an offer to sell or solicitation of an offer to buy the common stock in any jurisdiction where, or to any person to whom, it is unlawful to make such offer or solicitation. This Presentation is not intended to provide the sole basis of any investment decision or other evaluation. Each recipient hereof contemplating an investment in the common stock of HEG shall make, or shall be deemed to have made, their own independent investigation of HEG and related documentation and their own appraisals of the prospects and merits of the Company and its assets described herein. All forecasts, facts, information, estimates and other statements of opinion contained in this Presentation have been prepared solely by, or on the basis of information supplied to, HEG. While the information contained herein is believed to be true and accurate, we expressly disclaim any and all liability for representations or warranties, expressed or implied, contained herein, or in any other written or oral communications transmitted or made available to any prospective investor. No representation or warranty is made by HEG that forecasts, projections, business goals or estimates contained herein will be achieved. This Presentation speaks as of the date hereof. Neither the delivery of the Presentation nor any sale made hereunder shall, under any circumstances, create any implication that there has been no change in the affairs of the Company after the date hereof. The historical resource estimate of 382 million tonnes of coal for the Eloff Mining Project is based on data and reports prepared by previous operators and information provided by government ministries. The Company has not yet completed the work necessary to have the historical estimate verified by a Qualified Person. The company is not treating the estimate as a current NI 43-101 defined resource and the historical estimate should not be relied upon. The property will require additional exploration which the Company and its consultants intend to carry out in due course.

3. The Company Offices in London, Toronto, Witbank (South Africa) 145.1 million shares on issue, market cap of approx. C$181 million Listed on TSX March 5, 2008 under the symbol HEG Main coal properties in South Africa (Eloff & Kendal Mining Projects) Estimate of up to $80 million/yr in EBITDA from Kendal and Eloff by 2011 Strong BEE partners –working knowledge of Coal Mining, South Africa & DME Significant regional exploration & development projects Owns 39% of Homeland Uranium (private), 15% of Altona Resources (AIM:ANR)

4. Our History Completes spin out of HUI Jan 2007 Dec 2004 Company founded by Steve Coates & Avrom Howard as Homeland Uranium Inc; raised seed capital of $106,000 Apr 2007 Drilling program begins at Eloff to modernise and confirm Historic Resource of 382Mt Pan African Uranium (Niger) formed by Tom Griffis, raised $1M in seed finance Mar 2005 Jun 2007 Raised C$10.6M @ $2.25; completes RTO agreement with Chrysalis Capital IV Corporation Investment of $1.8M by RAB Capital; acquisition of uranium project in Colorado Aug 2007 Construction of Kendal Mine plant begins Jun 2005 Aug-Dec 07 Raised C$4.3 @ $3.20 - $4.40 and received C$500,000 through option exercises Homeland completes acquisition of Pan African Uranium for C$4,200,000 in stock Jan 2006 Receives mining permit for Northfield project, completing the acquisition of this property Dec 2007 Coal project acquisition in South Africa including Eloff, Vlakvarkfontein & Onbekend May 2006 Jan 2008 Raises C$2.4M @ $4.40; completes 12,000 metres of drilling at Eloff Raised US$6.2M @ $2.21; completed acquisition of Kendal with licence under application Jun 2006 Feb 2008 Acquires 15.6% of Altona Resources (AIM:ANR) in transaction valued at C3.45M based on share price of $4.80; admitted for public trading on the TSX Company re-domiciles to BVI, opens offices in UK, changes name to Homeland Energy Corp; first prospecting licences granted in South Africa (including Eloff & Onbekend) Oct 2006 Anticipate new resource statement for Eloff project based on all new drilling to Jan 2008; anticipate mining permit for Kendal Mar 2008 Agreement to spin out uranium assets to Homeland Uranium Inc (HUI) Nov 2006

5. Key Strengths Coal production from Kendal Mine (Q1/08) Development of Eloff Coal Mining Project Coal production from 4 reprocessing projects – Environmental Clean-up Projects Exploration & evaluation of potential coal projects

6. Project Locations

7. Kendal Mine 1,800,000 mtpa production to commence in H1/08 Mining licence anticipated in March ’08, plant 95% complete Mining contract to be awarded in April ’08 Operating cashflow from first 5 years: $US 145 million (forecast) $US 20M (2008) $US 28M (2009) $US 30M (2010) Management Forecast, Dec ‘07 $US 32M (2011) $US 35M (2012) Washed Coal Qualities - up to 26mJ/kg, 20% Ash, 53% FCC, 4% H2O, low sulphur

8. Kendal Mine Cash Flows (1) Figures are based on Management Estimates (2) Exchange rate of 8.00 rand = US$1.00 Note: Homeland holds a 74% Interest in the above

9. Environmental Clean-up Projects Numerous opportunities in South Africa for cleaning up old coal mines with remaining economic resources Recently received permission from SA Gov’t to sample and test several coal dumps First project, Northfield, commenced production in Feb 2008 Initial production from Northfield of up to 25,000 tpm with net cash flow forecasts of up to US$5.9MM/yr Homeland intends to develop an environmentally important business line of old mine clean-up which could add production and cash flow of up to 100kt and US$1.5M/mo (up to US$18M/yr)

10. Eloff Mining Project More than 180 drill holes completed to date 12,000 m of drilling completed by Jan 31/08 Inferred resource of 382Mt* (resource update pending) Additional resources under acquisition Potential for mine-mouth electrical generating plant or coal-to-liquids Raw coal qualities: ~16mJ/kg (washable to 20-26MJ/kg), 15- 33% ash, low moisture, low sulphur * See disclaimer on slide #2

11. Projected Coal Operations • ** 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

12. South Africa Assets 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 +2 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 commenced in Q4 2007

13. South Africa Assets (cont’d) 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

14. Exploration Projects 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 license 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.

15. Investment Opportunity Development of a mid-tier coal producer Cash flow anticipated in 2008 Newly TSX-listed company (C$1.50 at listing) Potential subsequent AIM/JSE listing in 2008 Significant exposure to a new global uranium play 39% ownership in Homeland Uranium

16. Operating Plans Complete licencing & commence production at Kendal mine in early 2008 Drill, confirm & licence Eloff for production by end of Q2 2009 Continue discussions for off-take of coal from main projects Progress environmental assessments and mine planning Progress prospecting projects to feasibility

17. Project Timelines Q1 2008 Q2 2008 Q3 2008 Q4 2008 Development Projects Kendal mining licence Kendal to full production Northfield start-up Northfield to full production Eloff development, mine permitting, resource definition, environmental permitting Exploration Projects & Project Acquisition Onbekend, Boschpoort & Carolina Deposits definition drilling New project acquisition and evaluation Focus on new, advanced projects Corporate RTO to TSX Aftermarket coverage Possible Eloff Financing

18. A. 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 of Injula Mining, both of South Africa Spent 27 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 Mining, 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 Sharad Subramanian, EVP, Business Development - India 22 years of international energy sector experience Extensive international experience with large, multi-national energy companies - Schlumberger & Saipem Most recently a Partner with international accounting and business consulting firm, Grant Thornton Malibongwe (Reeboh) Mandela, VP, Business Development - Africa Former VP Business Development for Energetic Petroleum Extensive background with the ANC and the Government of South Africa Responsible for the Company’s Government Relations and new business initiatives in Africa Management Team

19. 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 Board of Directors

20. 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, along with Mr. Mandela and Mr. Motalaote form the key African strategic advisors to Homeland Energy Corp. Laurence Curtis,Toronto, Canada, President, Intrepid Mines 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 board of High River Gold Mines and Alturas Resources. Dr. Curtis is a key individual in identifying and evaluating uranium assets in North America. Mlungisi Lulu Johnson, Port Elizabeth, South Africa - MP, Gov’t of South Africa Mr. Johnson is an ANC Member of Parliament (National Assembly) in the Republic of South Africa. Mr. Johnson serves on the Government’s Portfolio Committee of Finance and of the Standing Committee on the Auditor General. As Chairman of Africa Liquids Energy, a South African company associated with Homeland Energy, Mr. Johnson is active on behalf of Homeland with respect to many of the company’s activities in South Africa. TshepoKgadima, 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 licenses 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 licenses in Swaziland. Mr. Kgadima is assisted by Mr. BhekiSimelane who is a retired lawyer from Swaziland and is consulting presently. SettyMotalaote, 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. Key Strategic Advisors

21. Martin Bartle, Executive General Manager, HMESA Mr. Bartle possesses more than 27 years experience in Training, SHEQ, Risk Management and Strategic Management. He is a recognized expert in Mine Health, Safety and Training in South Africa.Mr. Bartle previously held senior management positions within Anglo Coal, Eyesizwe and Exxaro Corporations. XolaniGamede, Middelburg, South Africa, Corporate Secretary, HMESA Mr. Gamede is an admitted Attorney having obtained his LLB from UDW (UKZN) specializing in Mining and Securities Law. Mr. Gamede joined the Dept. of Minerals and Energy in 2002, serving most recently as Deputy Director (Mineral Law) in Durban. Mr. Gamede is responsible for legal affairs and contracts of HMESA. J. Andrew Johnson, Middelburg, South Africa, General Manager, Mining & Planning Mr. Johnson is a professional Mining Engineer with many years 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 License 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 and is responsible for shepherding Homeland projects through the application processes in the DME. Hanno Spangenberg,Johannesburg, 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 and establishment and operations at Homeland’s Kendal Mine as well 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. Joe Rensburg, Middleburg, South Africa, Manager Mr. van Rensburg has 26 years experience in the Mining Industry, including Financial Management Training and Health and Safety Management.  Mr. van Rensburg worked at Trans-Natal and Xstrata before joining Homeland.  He is currently responsible for Health, Safety and Environment. Key Technical Team

22. Corporate Profile at IPO Two operating coal mines producing more than 2 MTPY and increasing to 3 mines and more than 6 MTPY by 2010 One advanced project moving to production in 2008 Two exploration projects moving to Feasibility stage in 2008 Control of expected in situ coal resources in South Africa in excess of 400 Mt Drilling on possible Botswana property with potential for > 1B tonnes Swaziland coal property with potential for production in 2009 Significant position of Homeland Uranium (Niger/US)

23. Capital Structure Homeland Energy Group United Kingdom: 1 Berkeley Street, Suite 307 London W1J 8DJ Tel: +44 (0)20 7016 9881 Fax: +44 (0)20 7016 9100 Canada: 144 Front Street West, Suite 780 Toronto, ON M5J 2L7 Tel: +1 416 506 1979 Fax: +1 416 362 6830 Naomi Nemeth, VP Investor Relations info@homelandenergygroup.com nnemeth@homelandenergygroup.com Tel: +1 416 506 1979 Fax: +1 416 362 6830

24. Coal as a Needed Energy Source World Primary Energy Consumption World Electricity Generation Source: World Coal Institute, 2006 figures

25. Asian Demand Growth India SA exports to India have increased from 1.3 Mt in 2003 to 8.7 Mt in 2007 50 Mt/a of imported coal will be required by 2010 to fuel coastal power stations on the west coast Queuing lanes in Newcastle have caused a surge of interest in SA coal from Indian buyers China Consumes 1.3 billion Mt per annum, In early 2007 became a net importer of coal New electricity generation is predominately coal fired Will be short 120mt/a by 2020

26. Eskom’s Current Generation Mix • 93% Coal Fired Generation in South Africa

27. Eskom’s Strategy South Africa has no excess electrical generation capacity Investing 150 billion ZAR over 20 years to meet growing demand Plan to increase generation capacity to 80,000Mw 15,000 Mw of new generation will be coal-fired New demand for 50 mt/yr coal to meet planned expansion

28. Thank you Investor Inquiries: 1 Berkeley Street, Suite 307 London, UK W1J 8DJ Tel: +44 (0)20 7016 9881, Fax: +44 (0)20 7016 9100 info@homelandenergygroup.com 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@homelandenergygroup.com