Vancouver, British Columbia--Homeland Precious Metals Corp. (OTCBB: HPMEF) is pleased to announce that it has completed its compilation of historic data for the Montgomery Pass property situated within the Walker Lane structural belt in western Nevada.  This belt hosts such significant deposits as the Goldfield District with 5.9 million ounces of gold production and reserves at the south end and the Comstock District with historic production of 8.4 million ounces of gold and 193.5 million ounces of silver produced from the north end. Walker Lane is also home to the giant Round Mountain gold deposit mined by Barrick and Kinross, and estimated to be in excess of 10 million ounces of gold.

The Montgomery Pass gold-silver property consists of 1620 acres (approximately 2.5 square miles) in Mineral County, Nevada.  Montgomery contains 8 separate epithermal gold and silver targets hosted within a sequence of Tertiary volcanic and Paleozoic sediment rocks.  These targets have been identified through past exploration programs initiated by Transwestern Mining Incorporated, Duval Mining Corporation, Phelps Dodge Mining Company, Hemlo Gold Mines Incorporated, North Mining Limited, and Primero Industries Incorporated.  

HPMEF has compiled a database from the previous work on the property comprising over 650 rock chip samples, 100 soil samples and 65 shallow drill holes combined with geologic mapping of surface and underground workings.  Compilation of these historic exploration efforts within a GIS (geographic information system) framework identified ore grade gold and silver values occurring in surface sampling and shallow, wide-spaced drilling.  Five of the eight target areas have had modest drill testing. The resulting compilation of surface, underground and drilling results clearly indicates that further expansion of detailed exploration at Montgomery Pass is warranted.

The following tables list drill intercepts with significant values (>0.01 opt over a minimum 5 foot thickness) from the five partially tested targets.

HOUND DOG TARGET
Hole Number	Gold Grade	Intercept Thickness	Depth to Intercept
89-4	0.056 opt	5 feet	25 feet
89-10	0.011 opt	5 feet	45 feet
89-11	0.022 opt	130 feet	155 feet
90-19	0.016 opt	5 feet	265 feet
90-20	0.026 opt	5 feet	65 feet
97-8 which includes	0.280 opt 0.470 opt	15 feet 5 feet	305 feet

SOUTH RIDGE TARGET
Hole Number	Gold Grade	Intercept Thickness	Depth to Intercept
84-6 which includes	0.011 opt 0.017 opt	65 feet 30 feet	45 feet
Underground sampling	0.060 opt	80 feet	145 feet in adit
97-13	0.015 opt	5 feet	230 feet

QC VEIN TARGET
Hole Number	Gold Grade	Intercept Thickness	Depth to Intercept
97-4	0.057 opt	95 feet	0 feet
Select samples	0.51 opt 0.27 opt	Grab samples	surface

RANGE FRONT TARGET
Hole Number	Gold Grade	Intercept Thickness	Depth to Intercept
83-1	0.015 opt	6 feet	11 feet
83-5	0.011 opt	18 feet	0 feet
83-6	0.044 opt	36 feet	0 feet
83-10	0.016 opt	15 feet	0 feet
83-15	0.011 opt	15 feet	0 feet
83-16	0.029 opt	20 feet	0 feet
83-30	0.026 opt	10 feet	0 feet
89-15	0.010 opt	20 feet	15 feet
89-16	0.026 opt	30 feet	0 feet

HG HILL TARGET
Hole Number	Gold Grade	Intercept Thickness	Depth to Intercept
83-17	0.015 opt	20 feet	0 feet
83-22	0.010 opt	30 feet	90 feet
97-2	0.015 opt	5 feet	25 feet

Three targets at Montgomery Pass have been identified predominantly by surface sampling only, and are as follows:

Breccia Target

The Breccia Target hosts silver values in variably altered marble and breccia.  Surface and underground sampling returned values to 38 opt silver and 0.03 opt gold.  The average silver value for all samples collected in the Breccia Target area is over 6 opt.  A single shallow drill hole within the Breccia zone (hole 97-15) intersected 60 feet of anomalous gold and silver. 

Wild Horse Flat Target

The Wild Horse Flat area contains gold and silver-bearing quartz veins, capped by mercury occurrences hosted in a paleo hot springs environment.  No drilling has been completed on this portion of the property.  Mercury values up to 0.10% and gold values to 0.033 opt have been obtained from outcrops in the area. 

MAG Target

The MAG Target hosts magnetite-gold mineralization at the contact between Cambrian limestone and Tertiary dacite.  Values to 0.04 opt gold have been collected from a zone of massive magnetite.  No drilling has been completed in this area.

HPMEF has already received permit approval for a multi-hole drill program on the Montgomery Pass project.  Scheduling is currently underway for the equipment necessary to undertake this work program, and drilling will commence as soon as equipment and weather conditions permit.

The Montgomery Pass Project represents an exciting, under-explored epithermal precious metals property with indications of high-grade precious metal values similar to the Comstock and Goldfield mining districts.  

“Montgomery Pass provides Homeland with excellent potential for additional discoveries of high-grade gold and silver within one of the most prolific and concentrated gold trends in the world,” said Bruce Johnstone, President and CEO, “and we continue to evaluate other gold and silver properties in Nevada in an effort to increase Company value for our shareholders.

Disclaimer: This announcement may contain forward-looking statements which involve risks and uncertainties that include, among others, limited operating history, limited access to operating capital, factors detailed in the accuracy of geological and geophysical results including drilling and assay reports; the ability to close the acquisition of mineral exploration properties, and other factors which may cause the actual results, performance or achievements of the Company to be materially differ from any future results, performance or achievements expressed or implied by such forward-looking statements. More information is included in Homeland Precious Metals Corp. filings with the Securities and Exchange Commission, and may be accessed through the SEC's web site at http://www.sec.gov.