Corporate Presentation

1. Corporate Presentation May 2008

2. Disclaimer 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.

3. Investment 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

4. Ownership and Capital Structure 1 As at May 31, 2008

5. Corporate Team * Audit Committee

6. Technical Team

7. 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

8. Uzbekistan 59,743t Kazakhstan 378,290t Russia 171,750t Canada 345,200t Ukraine 58,498t Mongolia 48,200t U.S.A. 102,000t China (continental) 38,019t Niger 181,466 Jordan 30,375t Brazil 157,700t Australia 714,000t Namibia 151,321t South Africa 177,147t Uranium Resources (RAR-$80/kg U) World Total = 2,643,343t Source: WISE Uranium Project (t U) Reasonably Assured Resources, recoverable resources as of 1/1/2005, Cost Range <US$80/kg U (OECD 2006)

9. Supply Demand Imbalance • 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

10. Niger - 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

11. Leader in Uranium Production • 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

12. Agelal 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

13. Looking East from Boundary

14. Exploring in Niger

15. Asekra 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

16. Colorado Plateau

17. VEX Project

18. Wray 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

19. Colorado 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

20. For Additional Information Contact:Nick Tintornick.tintor@homelandcorp.com416-987-0855 120 Adelaide St West Suite 2400 Toronto, ON M5H 1T1