Chrysalis Provides Updates to Homeland Energy Corp's Business Activities

Chrysalis Capital IV Corporation (CIV.P - TSX Venture), (:Chrysalis") is pleased to provide updates on the business activities of Homeland Energy Corp. ("Homeland").  As previously announced, the proposed Qualifying transaction with Homeland is set to close on or about February 29, 2008 (see press release dated February 21, 2008) and is expected to begin trading on the Toronto Stock Exchange under the assigned ticker symbol of "HEG" in early March, 2008.

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