TORONTO, CANADA — (Marketwire) — 02/27/13 — Homeland Energy Group Ltd. (TSX: HEG) (“Homeland” or the “Company”) wishes to advise that, further to its press releases dated November 5, 2012 and January 3, 2013 mining operations at Kendal will not be resumed until further notice.
Following a second tender process for a new mining contractor in January and February of 2013, several bids have been received. The Company is assessing these bids and also other viable alternatives at this time and will update the market as developments occur.
Homeland Energy Group Ltd. (TSX: HEG) is a coal producer with operations in the Witbank area of South Africa. The company also has a large-scale development property in South Africa and exploration interests in Southern Africa. Homeland will continue to seek out interests in additional coal projects in South Africa and neighbouring countries as well as internationally. Homeland Energy Group Ltd. is currently traded on the Toronto Stock Exchange under the symbol “HEG” with 471,204,149 common shares issued and outstanding.
Contacts:
Homeland Energy Group Ltd.
Ajay Gupta
Chief Financial Officer
+1 416 506-1979