Homeland Uranium

The Coyote Basin Project is underlain by prospective units of the Sego/Iles Formation of the Mancos Shale and the Fort Union and Wasatch Formations. At least four favorable horizons have been discovered in Fort Union rocks that are known to contain uranium mineralization and are priority targets for the Phase II drilling program.In their September 30, 2006 SEC quarterly financial report filings, Energy Metals Corporation reported historical uranium-vanadium resources on the property of:8,850,000 tons at 0.20% U3O8 and 0.10% V2O5 =35.4 M lbs of U3O8 and 17.7 M lbs of V2O5*Energy Metals attributed this historical resource from work completed by Western Mining Resources*, a previous operator of the property from detailing a 1978-79 exploration program that consisted of surface sampling, coring, drill hole chip sampling and gamma logging of 24 widely spaced holes as documented in a private internal report titled, Western Mining, Executive Summary, Coyote Basin Uranium District, Rio Blanco

The Cross Bones Property is comprised of over 853 BLM mineral claims and three Colorado state leases overlying over 35 km of strike length of the Sego Sandstones, a favourable uranium-bearing sandstone location across the district. The Cross Bones Property is the result of the combination of the former Red Wash Project, acquired as part of the Coyote Basin Property transaction, and the Skull Creek Property purchase, which hosts the Cross Bones Uranium Deposit (formerly known as the Skull Creek Uranium Deposit).