Golden Hope Mines Limited Closes Acquisition of Royalty Interest in Beauce Region of South Eastern Quebec

TORONTO, ONTARIO--(Marketwire - April 30, 2010) - Golden Hope Mines Limited ("Golden Hope") (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) is pleased to announce that it has closed the acquisition of the 10% net proceeds royalty (the "Royalty Interest") in regard to certain of its mining claims located in the Townships of Panet, Ware and Bellechasse, Quebec, from Gold Belt Mining Ltd. ("Gold Belt") previously announced on April 16, 2010. The Royalty Interest had previously been granted to Gold Belt by Golden Hope pursuant to a memorandum of agreement dated April 23, 1985.

Golden Hope purchased the Royalty Interest pursuant to a royalty purchase agreement and a royalty assignment agreement in exchange for 250,000 common shares of Golden Hope. The common shares issued under the transaction will be subject to a four (4) month hold period. Golden Hope intends to cancel the Royalty Interest.

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