Phase 1 Program At Coyote Basin & Red Wash Uranium Projects

VANCOUVER - Homeland Uranium Corp. reported that field crews have mobilized to the Coyote Basin and Red Wash uranium projects in northwestern Colorado to commence the Phase 1 exploration program. The Phase 1 exploration program consists of 1:20,000 scale geological mapping, prospecting, rock sampling and a 1,545 line km (960 line-mile) UAV airborne magnetic survey. The Company has contracted the Axiom Exploration Group to provide the technical personnel required to conduct the program.

The objective of the Phase 1 program at Coyote Basin is to confirm the location of the known mineralized horizons in advance of the anticipated Phase 2 fall exploration program, which is planned to conduct confirmatory drilling designed to convert historical resources into a resource estimate consistent with NI 43-101 requirements. While the Company has acquired historical drilling data for the project, the location of historical drill holes and rock samples are not sufficiently accurate to commence the Phase 2 program without prior confirmation in the field.

The objective of the Phase 1 program at the Red Wash Project is to identify potential areas for follow-up exploration and to evaluate the uranium potential of the Urangesellschaft Uranium Showing. Historical work identified a uranium anomaly hosted in sandstone rocks that returned 350 ppm U3O8 that remains untested by drilling.

Roger Lemaitre, President & CEO, said, "Homeland is excited to begin the process of evaluating the quality and potential of the Coyote Basin Project. The Phase 1 program will help us better focus our planned fall drilling program. Given the seismic shift in public acceptance of nuclear power, increasing concerns over energy security and sovereignty, rapidly growing demand for electricity spurred by the huge demand for clean, safe, baseload electricity to power the new AI infrastructure, and the recognition by the current US Administration's Executive Orders to facilitate the rapid growth of American nuclear fuel cycle and expansion of nuclear generation capacity four-fold by 2050, the need for sizable US uranium deposits has never been so important. Homeland shareholders, through our ownership of the Coyote Basin Project, are well positioned to participate in the American nuclear renaissance."