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| [X]  | QUARTERLY REPORT UNDER SECTION      13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF  1934 |
|-----------|-----------------------------------------------------------------------------------------|

| [  ] | TRANSITION REPORT UNDER SECTION      13 OR 15(d) OF THE EXCHANGEACT |
|----------------|---------------------------------------------------------------------|

| Nevada(State      or other jurisdictionof      incorporation or organization) | 26-0841675(IRS      EmployerIdentification      No.) |
|-------------------------------------------------------------------------------|------------------------------------------------------|

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HOMELAND RESOURCES LTD.

|                                                                                                                                                                                                                               | Page   |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------|
| PART      I.    FINANCIAL INFORMATION                                                                                                                                                                          |   |
|                                                                                                                                                                                                                               |   |
|     Item      1.  Financial Statements                                                                                                                                                               |   |
|                                                                                                                                                                                                                               |   |
|      Condensed Balance SheetsJanuary      31, 2008 (unaudited) and July 31, 2007                                                                                                                          | 3      |
|                                                                                                                                                                                                                               |   |
|      Condensed Statements of Operations      (unaudited)Three      and Six Months Ended January 31, 2008 and 2007and      Cumulative Amounts from July 8, 2003 (Inception) to January 31,      2008  | 4      |
|      Condensed Statements of Cash Flows      (unaudited)Three      and Six Months Ended January 31, 2008 and 2007and      Cumulative Amounts from July 8, 2003 (Inception) to January 31,      2008  | 5      |
|      Notes to Condensed Financial Statements      (unaudited)                                                                                                                                             | 6      |
|                                                                                                                                                                                                                               |   |
|     Item 2.  Management’s Discussion and Analysis      or Plan of Operation                                                                                                                    | 8      |
|                                                                                                                                                                                                                               |   |
|     Item 3.  Controls and      Procedures                                                                                                                                                            | 9      |
|                                                                                                                                                                                                                               |   |
| PART II.   OTHER    INFORMATION                                                                                                                                                                                     |   |
|                                                                                                                                                                                                                               |   |
|     Item      1.  Legal Proceedings                                                                                                                                                                  | 10     |
|                                                                                                                                                                                                                               |   |
|     Item      2.  Unregistered Sales of Equity Securities and Use of      Proceeds                                                                                                                   | 10     |
|                                                                                                                                                                                                                               |   |
|     Item      3.  Defaults Upon Senior Securities                                                                                                                                                    | 10     |
|                                                                                                                                                                                                                               |   |
|     Item      4.  Submission of Matters to a Vote of Security      Holders                                                                                                                           | 10     |
|                                                                                                                                                                                                                               |   |
|     Item      5.  Other Information                                                                                                                                                                  | 10     |
|                                                                                                                                                                                                                               |   |
|     Item 6.  Exhibits                                                                                                                                                                                | 10     |
|                                                                                                                                                                                                                               |   |
|     Signatures                                                                                                                                                                                                 | 11     |

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| HOMELAND RESOURCESLTD. |
|------------------------|

| (An      Exploration Stage Company) |
|-------------------------------------|

| CONDENSED      BALANCE SHEETS |
|-------------------------------|

|                                                                       |   | January      31,2008(Unaudited) |    |   | July 31,2007Audited |   |
|----------------------------------------------------------------------------|--------|---------------------------------|---------|--------|---------------------|--------|
|                                                                       |   |                            |    |   |                |   |
|                                                                       |   |                            |    |   |                |   |
| ASSETS                                                                     |   |                            |    |   |                |   |
|                                                                       |   |                            |    |   |                |   |
|                                                                       |   |                            |    |   |                |   |
| Current      assets                                                        |   |                            |    |   |                |   |
| Cash and cash      equivalents                                             |   | $                               | 8       |   |                | $      | 175 |   |
| Prepaids                                                                   |   |                            | -       |   |                |   | - |   |
|                                                                       |   |                            |    |   |                |   |   |   |
| Total Current    Assets                                                    |   |                            | 8       |   |                |   | 175 |   |
|                                                                       |   |                            |    |   |                |   |   |   |
| Mineral property (Note      3)                                             |   |                            | 876     |   |                |   | 876 |   |
|                                                                       |   |                            |    |   |                |   |   |   |
| Total      assets                                                          |   | $                               | 884     |   |                | $      | 1,051 |   |
|                                                                       |   |                            |    |   |                |   |   |   |
|                                                                       |   |                            |    |   |                |   |   |   |
| LIABILITIES      AND STOCKHOLDERS’ EQUITY (DEFICIENCY)               |   |                            |    |   |                |   |   |   |
|                                                                       |   |                            |    |   |                |   |   |   |
|                                                                       |   |                            |    |   |                |   |   |   |
| Current      liabilities                                                   |   |                            |    |   |                |   |   |   |
| Accounts payable and accrued      liabilities                              |   | $                               | 25,354  |   |                | $      | 5,402 |   |
|                                                                       |   |                            |    |   |                |   |   |   |
| Total Current      Liabilities                                             |   |                            | 25,354  |   |                |   | 5,402 |   |
|                                                                       |   |                            |    |   |                |   |   |   |
|                                                                       |   |                            |    |   |                |   |   |   |
| Total      liabilities                                                     |   |                            | 25,354  |   |                |   | 5,402 |   |
|                                                                       |   |                            |    |   |                |   |   |   |
| Stockholders’      equity (deficiency)                               |   |                            |    |   |                |   |   |   |
| Common stock - $0.001 par      value; authorized – 75,000,000 shares |   |                            |    |   |                |   |   |   |
| Issued and outstanding –      6,000,000 shares                       |   |                            | 6,000   |   |                |   | 6,000 |   |
| Capital in excess of par      value                                        |   |                            | 24,000  |   |                |   | 24,000 |   |
| (Deficit) accumulated during      the development stage                    |   |                            | (54,470 | )      |                |   | (34,351 | ) |
|                                                                       |   |                            |    |   |                |   |   |   |
| Total stockholders’ equity      (deficiency)                         |   |                            | (24,470 | )      |                |   | (4,351 | ) |
|                                                                       |   |                            |    |   |                |   |   |   |
| Total      liabilities and stockholders’ equity (deficiency)         |   | $                               | 884     |   |                | $      | 1,051 |   |

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Table of Contents

| HOMELAND RESOURCESLTD. |
|------------------------|

| (An      Exploration Stage Company) |
|-------------------------------------|

| CONDENSED      STATEMENTS OF OPERATIONS |
|-----------------------------------------|

| (Unaudited) |
|-------------|

|                                      |   |  Three      Months EndedJanuary      31, 2008 |      |   |  Three      Months EndedJanuary      31, 2007 |   |      |  Six      Months EndedJanuary      31, 2008 |   |   |  Six      Months EndedJanuary      31, 2007 |   |   | CumulativeAmounts      FromInceptionToJanuary      31, 2008 |      |
|-------------------------------------------|--------|---------------------------------------------------------|-----------|--------|---------------------------------------------------------|--------|-----------|-------------------------------------------------------|--------|--------|-------------------------------------------------------|--------|--------|------------------------------------------------------------------|-----------|
|                                      |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |
|                                      |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |
| REVENUES                                  |   | $                                                       | -         |   |                                                    | $      | -         |                                                  |   | $      | -                                                     |   |   | $                                                                | -         |   |   | $ | 387 |   |
|                                      |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
|                                      |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
| EXPENSES                                  |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
| General and      Administrative           |   |                                                    | 6,457     |   |                                                    |   | 15,046    |                                                  |   | $      | 19,313                                                |   |   |                                                             | 18,506    |   |   | $ | 49,491 |   |
| Mineral exploration      costs            |   |                                                    | -         |   |                                                    |   | -         |                                                  |   |   | 806                                                   |   |   |                                                             | 806       |   |   |   | 3,726 |   |
| Oil      and gas property operating costs |   |                                                    | -         |   |                                                    |   | -         |                                                  |   |   | -                                                     |   |   |                                                             | -         |   |   |   | 1,310 |   |
| Loss      on disposal of oil and gas      |   |                                                    | -         |   |                                                    |   | -         |                                                  |   |   | -                                                     |   |   |                                                             | -         |   |   |   | 330 |   |
|                                      |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
|                                      |   |                                                    | (6,457    | )      |                                                    |   | (15,046   | )                                                     |   |   | (20,119                                               | )      |   |                                                             | (18,862   | ) |   |   | (54,857 | ) |
|                                      |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
| Net      (Loss)                           |   | $                                                       | (6,457    | )      |                                                    | $      | (15,046   | )                                                     |   | $      | (20,119                                               | )      |   | $                                                                | (18,862   | ) |   | $ | (54,470 | )    |
|                                      |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
| Net      (Loss) Per Common Share          |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
| Basic      and Diluted                    |   | $                                                       | (0.001    | )      |                                                    | $      | (0.003    | )                                                     |   | $      | (0.003                                                | )      |   | $                                                                | (0.003    | ) |   | $ | (0.010 | ) |
|                                      |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
| Weighted      average number of           |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
| common      shares outstanding            |   |                                                    |      |   |                                                    |   |      |                                                  |   |   |                                                  |   |   |                                                             |      |   |   |   |   |   |
| Basic      and Diluted                    |   |                                                    | 6,000,000 |   |                                                    |   | 6,000,000 |                                                  |   |   | 6,000,000                                             |   |   |                                                             | 6,000,000 |   |   |   | 5,065,654 |   |

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Table of Contents

| HOMELAND RESOURCESLTD. |
|------------------------|

| (An      Exploration Stage Company) |
|-------------------------------------|

| CONDENSED      STATEMENTS OF CASH FLOWS |
|-----------------------------------------|

| (Unaudited) |
|-------------|

|                                                                                      |   |   Six      Months EndedJanuary      31, 2008 |    |   |   Six      Months EndedJanuary      31, 2007 |   |    | CumulativeAmounts      FromInceptionToJanuary      31, 2008 |   |
|-------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------|---------|--------|-------------------------------------------------------------|--------|---------|------------------------------------------------------------------|--------|
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |
| CASH      FLOWS FROM OPERATING ACTIVITIES                                                 |   |                                                        |    |   |                                                        |   |    |                                                             |   |
| Net (Loss)                                                                                |   | $                                                           | (20,119 | )      |                                                        | $      | (18,862 | )                                                                |   | $ | (54,470 | )    |
| Adjustments      to reconcile net (loss) to net cash (used) by operating      activities: |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Loss      on disposal of interest in oil and gas property                                 |   |                                                        | -       |   |                                                        |   | -       |                                                             |   |   | 330 |   |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Change      in non-cash working capital item:                                             |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Increase in accounts      receivable                                                      |   |                                                        | -       |   |                                                        |   | (289    | )                                                                |   |   | - |   |
| Decrease in      prepaids                                                                 |   |                                                        | -       |   |                                                        |   | 3,870   |                                                             |   |   | - |   |
| Increase in accounts payable      and accrued liabilities                                 |   |                                                        | 19,952  |   |                                                        |   | 2,227   |                                                             |   |   | 25,354 |   |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Net cash (used) by operating      activities                                              |   |                                                        | (167    | )      |                                                        |   | (13,054 | )                                                                |   |   | (28,786 | ) |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| CASH      FLOWS FROM INVESTING ACTIVITIES                                                 |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Loan receivable                                                                           |   |                                                        | -       |   |                                                        |   | -       |                                                             |   |   | - |   |
| Purchase of interest in oil and      gas property                                         |   |                                                        | -       |   |                                                        |   | -       |                                                             |   |   | (3,830 | ) |
| Disposal of interest in oil and      gas property                                         |   |                                                        | -       |   |                                                        |   | -       |                                                             |   |   | 3,500 |   |
| Purchase of undeveloped mineral      property                                             |   |                                                        | -       |   |                                                        |   | -       |                                                             |   |   | (876 | ) |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Net cash (used) in investing      activities                                              |   |                                                        | -       |   |                                                        |   | -       |                                                             |   |   | (1,206 | ) |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| CASH      FLOWS FROM FINANCING ACTIVITIES                                                 |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Sale of common    stock                                                                   |   |                                                        | -       |   |                                                        |   | -       |                                                             |   |   | 30,000 |   |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Net cash provided by financing      activities                                            |   |                                                        | -       |   |                                                        |   | -       |                                                             |   |   | 30,000 |   |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Net      increase (decrease) in cash                                                      |   |                                                        | (167    | )      |                                                        |   | (13,054 | )                                                                |   |   | 8 |   |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Cash,      beginning of periods                                                           |   |                                                        | 175     |   |                                                        |   | 14,622  |                                                             |   |   | - |   |
|                                                                                      |   |                                                        |    |   |                                                        |   |    |                                                             |   |   |   |   |
| Cash,      end of periods                                                                 |   | $                                                           | 8       |   |                                                        | $      | 1,568   |                                                             |   | $ | 8 |   |

| The      accompanying notes are an integral part of these financial      statements. |
|--------------------------------------------------------------------------------------|

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HOMELAND RESOURCES

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Table of Contents

Item 2.

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Table of Contents

Item 3.

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Table of Contents

PART II - OTHER INFORMATION

Item 6.

| Regulation      S-B Number | Exhibit                                                                                                                                           |
|----------------------------|---------------------------------------------------------------------------------------------------------------------------------------------------|
| 2.1                        | Articles      of Incorporation (1)                                                                                                                |
| 2.2                        | Amendment      to Articles of Incorporation (1)                                                                                                   |
| 2.3                        | Bylaws      (1)                                                                                                                                   |
| 6.1                        | Notice      of Mining Claims HR #1-6, recorded by Luna County, New Mexico, on March      24, 2004 (1)                                             |
| 6.2                        | Confirmation      of Agreement with Leroy Halterman dated August 1, 2007  (1)                                                                     |
| 6.3                        | Loan      Commitment Letter from Wellington Financial Corporation dated August 1,      2007 (1)                                                   |
| 6.4                        | Notice      of Intent to Hold the HR #1-6 Lode Mining Claims, filed with the Bureau of      Land Management on August 15, 2007 (1)                |
| 6.5                        | Notice      of Intent to Hold the HR #1-6 Lode Mining Claims recorded by Luna County,      New Mexico, on August 17, 2007 (1)                     |
| 10.2                       | Consent      of Moore & Associates, Chartered (1)                                                                                             |
| 11.1                       | Opinion      Regarding Legality (1)                                                                                                               |
| 31.1                       | Rule      15d-14(a) Certification of Armando Garcia                                                                                               |
| 32.1                       | Certification      of Armando Garcia Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant      to Section 906 of the Sarbanes-Oxley Act of2002 |

| (1) | Incorporated      by reference to the exhibits to the registrant’s registration statement on      Form SB-1 filed November 19, 2007, file number  333-147501. |
|-----|---------------------------------------------------------------------------------------------------------------------------------------------------------------------|

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Table of Contents

SIGNATURES

|                            | HOMELAND RESOURCES      LTD. |                                             |
|---------------------------------|------------------------------|--------------------------------------------------|
|                            |                         |                                             |   |
| Date:       March 14, 2008 | By:                          | /s/       Armando Garcia               |   |
|                            |                         | Armando      Garcia,                             |   |
|                            |                         | President,      Secretary, Treasurer             |   |
|                            |                         | (principal      executive and financial officer) |   |

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