Securing the World’s Energy Corporate Presentation May 2008.

Securing the World’s EnergySecuring the World’s Energy

Corporate PresentationCorporate PresentationCorporate PresentationCorporate Presentation

May 2008


DisclaimerDisclaimerDisclaimerDisclaimer

All statements trend analysis and other information contained in this document related to markets for Homeland Uranium Inc. (“Homeland”), trends in revenue, gross margin and anticipated expense levels, as well as other statements about anticipated future events or results, constitute forward-looking statements. Forward-looking statements often, but not always, are identified by the use of words such as “seek”, “anticipate”, “believe”, “plan”, “estimate”, “expect”, ”intend”, ”forecast”, ”project”, ”likely”, ”potential”, ”targeted” and “possible” and statements that an event or result “may”, “will”, ”would”, ”should”, “could” or “might” occur or be achieved and other similar expressions. Forward-looking statement are subject to known and unknown business and economic risks and uncertainties and other factors that could cause actual results of operations to differ materially from those expressed or implied by the forward-looking statements. Forward-looking statements are based on estimates and opinions of management at the date the statements are made. Homeland does not undertake any obligation to update forward-looking statements even if circumstances or management’s estimates or opinions should change. For the reasons set forth above, investors should not place undue reliance on forward-looking statements.


Investment HighlightsInvestment HighlightsInvestment HighlightsInvestment Highlights

• Controls two large concessions in Niger – the world’s fourth largest uranium producer Satellite imagery completed fall 2007, radon, MMI surveys and

drilling program to prove out Historical Results commenced Jan 08 Two strong track-etch radon anomalies identified

• Large portfolio (10) of projects in the Colorado Plateau region in the Western United States Aggressive drill campaigns totaling 20,000m planned for 2008 Permitting for development of Wray Mesa project to begin this

summer

• Experienced team of uranium professionals with expertise in all facets of uranium exploration and mine development

• Project pipeline with focus on advanced stage, near-term production projects


OwnershipOwnership and Capital and Capital StructureStructure

OwnershipOwnership and Capital and Capital StructureStructure

Shares Outstanding1

Common Shares 56,434,100

Warrants 16,115,403

Options 4,885,000

Total Issued & Outstanding 77,434,503

Major Shareholders

Homeland Energy Corp 39.4%

Everest Capital 19.9%

Directors & Management 9.6%

RAB Capital 4.9%

St. Peter Port Capital 4.9%

Juno Capital 3.9%1 As at May 31, 2008


Corporate TeamCorporate TeamCorporate TeamCorporate Team

Stephen Coates, B.A. London, UK Chairman, Director*

Nick Tintor, B.Sc. Toronto, Canada President & CEO, Director

John Cook, P.Eng. Toronto, Canada Director*

Avrom Howard, M.Sc., FGA, P.Geo Grand Junction, USA VP Exploration, Director

John Perry, MBA, CPA Tucson, USA Director*

Hatem Kawar, MBA, P.Eng. Toronto, Canada Chief Financial Officer

Qusai Al-Mahasneh, Ph.D. Amman, Jordan VP – Middle East

* Audit Committee


Technical TeamTechnical TeamTechnical TeamTechnical Team

Avrom Howard, M.Sc., FGA, P.Geo Executive Vice President

Anthony Kovschak, M.Sc., P.Geo Exploration Manager

Andres Aslan, Ph.D. Consulting Geologist, Sedimentology

Jon Thorson Consulting Geologist

William Cronk, P.Geo Exploration Manager – Niger

Boubacar Manou Country Manager – Niger

Alisso Ibrahim Consulting Geologist – Niger


Why Uranium? Why Now?Why Uranium? Why Now?Why Uranium? Why Now?Why Uranium? Why Now?

• Supply/demand imbalance results in higher prices

• Reactor demand growing as new plants being commissioned

• Expect uranium pricing to continue increasing in the short term

• High prices enable low grade deposits to become viable


Uranium Resources (RAR-Uranium Resources (RAR-$80/kg U)$80/kg U)

Uranium Resources (RAR-Uranium Resources (RAR-$80/kg U)$80/kg U)

World Total = 2,643,343t

Ukraine58,498t

Kazakhstan378,290t Russia

171,750t

Mongolia48,200t

China (continental)

38,019t

Australia714,000t

South Africa177,147t

Namibia151,321t

Niger181,466

Uzbekistan59,743t

Jordan30,375t

Canada345,200t

U.S.A.102,000t

Brazil157,700t

Source: WISE Uranium Project (t U) Reasonably Assured Resources, recoverable resources as of 1/1/2005, Cost Range <US$80/kg U (OECD 2006)


Supply Demand Supply Demand ImbalanceImbalance

Supply Demand Supply Demand ImbalanceImbalance

• 439 operating reactors

• 34 new reactors in construction

• 93 reactors planned and 222 reactors proposed

• Reactors consuming 30,000 t U per year more than mining produces

• Supply-demand imbalance has led to higher prices


Niger - OverviewNiger - OverviewNiger - OverviewNiger - Overview

• Landmass of 1.26 mil sq km

• Independent since August 1960

• Population 12.8 million

• Capital NIAMEY (pop. 674,000)

• 2/3 of country in Sahara Desert

• Rainy season June – Sept

• Infrastructure reasonable and frequent air service

• Fourth largest producer of uranium


Leader in Uranium Leader in Uranium ProductionProduction

Leader in Uranium Leader in Uranium ProductionProduction

• 30 years of uranium mining operations

• Richest ore bodies in Africa. Comparable to Australia, but lower grade than deposits of

Canada’s Athabasca Basin

• 2006 production: 3,434 tonnes – 7 million lbs (ranked 4th in world production.

• Produces 12% of the world’s supply from two mines

• Two operating mines, managed by Areva

Arlit - 70 M lbs U3O8, Grade 0.30%

Akouta – 104 M lbs U3O8, Grade 0.4% - 0.5%

• Third project in development Imouraren Deposit: production start 2011


Agelal ConcessionAgelal ConcessionAgelal ConcessionAgelal Concession

• 33 Recon holes drilled in 1977 by Cogema

• Previous work was successful in identifying a broad 10 km long paleochannel with highly anomalous uranium values

• Favourable channel geology extends from Arlit mine area towards Agelal concession

• Potential for Arlit-type mineralization or larger tonnage, low grade deposit

• Initial 2008 drilling intersecting gamma log values up to 0.31% eU3O8 from 68 m depths


Looking East from Looking East from BoundaryBoundary

Looking East from Looking East from BoundaryBoundary


Exploring in NigerExploring in NigerExploring in NigerExploring in Niger


Asekra ConcessionAsekra ConcessionAsekra ConcessionAsekra Concession

• Covered by argillites of the Irhazaer from the Lower Cretaceous

• Within the uranium-bearing Iullemmeden Basin

• Satellite Imagery flown in 2007, Geochemical survey and drilling commencing 1st quarter 2008

• A large concession with no drill history and excellent exploration potential

• Large radon cup anomaly


Colorado PlateauColorado PlateauColorado PlateauColorado Plateau


VEX ProjectVEX ProjectVEX ProjectVEX Project


Wray Mesa PropertyWray Mesa PropertyWray Mesa PropertyWray Mesa Property

- 433,000 lbs eU3O8

- High grade 0.4% eU3O8- High Vanadium

+1.5% V2O5

- Permitting process underway

- Potential ramp access mine opportunity

- Toll mine processing offsite

- Drilling 4,200 m this summer to infill and expand resources


Colorado Plateau ProjectsColorado Plateau ProjectsColorado Plateau ProjectsColorado Plateau Projects

• 100% ownership via lease deals and staking

• 10 projects across Uravan and Big Indian uranium districts

• Uravan District produced 70 m lbs. of uranium to 1980


For Additional Information Contact:

Nick [email protected]

416-987-0855

For Additional Information Contact:

Nick [email protected]

416-987-0855

120 Adelaide St WestSuite 2400

Toronto, ON M5H 1T1

Securing the World’s Energy Corporate Presentation May 2008.

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