RICHARD HOMBURG NOTES THAT DISPUTE IS A PRIVATE MATTER

HALIFAX, May 31, 2011 /CNW Telbec/ - Taking note of the news release issued by Homburg Invest ("HII") on May 26, 2011, Richard Homburg said today that the issues between he and the Dutch Government are of a private and personal nature, and are unresolved and under discussion.

Consequently, Mr. Homburg said he feels strongly that it is inappropriate for him to react to the HII news release or speak to media or HII shareholders while these matters remain outstanding.  None of the issues under discussion between Mr. Homburg and the Dutch Government are directly related to the operations or finances of HII.

SOURCE HOMBURG CANADA INCORPORATED

For further information:

Bert Albers, (902) 468-2850

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HOMBURG CANADA INCORPORATED

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