July 30, 2004

Golden Hope Mines Limited announces termination of its Agreement with Osisko

Exploration Ltd. on Golden Hope’s gold property in Bellechasse, Quebec. The

termination resulted from the failure of Osisko to fulfill both its financial and technical

commitments under the terms of the Agreement of May 21, 2003.

The Company is continuing with the exploration and development of its Bellechasse gold

property.

Funny they did not stick around for round 2

Peter Smith from FNC which was a director with GNH signed that NR by the way. Funny that since he has quit GNH he has been staking claims around GNH thru FNC.

Glorieux