Homeland Precious Metals Corp. (OTCBB:HPMEF) is pleased to report that the field work has been completed for the previously announced Gradient Array Induced Polarization ("IP") geophysical survey of the Water Canyon Project, Nevada.

Water Canyon is located adjacent to Newmont’s Mule Canyon Mine Properties in the world renowned Battle Mountain-Eureka Trend of north-central Nevada.  The property consists of approximately 2,560 acres (approx. 4 sq miles) including 960 acres of private lands and 1600 acres of unpatented mining claims immediately along strike of the Mule Canyon Mine Complex.  The adjacent, contiguous Mule Canyon Property produced approximately 500,000 ounces of gold from six open pits over a seven-year period. Water Canyon lies along strike, 1.5 miles immediately north of the Mule Canyon open pits.

The data collected from Homeland’s IP survey, along with data from a Ground Magnetic survey that was run concurrent with the IP survey, is now in the hands of the geophysicist for analysis and interpretation.  The Ground Magnetic survey will help to further define the interpretation of the IP geophysical survey.  The results of this analysis will identify the drill targets for the upcoming Phase 1 drill program later this year.

"We're very pleased with the quality of the data produced by these two surveys." Said George Eliopulos, Director of Exploration for Homeland Precious Metals. "This data will provide crucial information in the third dimension which, along with data provided from past work on the property, will help us zero in on the specific targets that will be the focus of our planned Phase 1 drill program."

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.

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