are just getting a hold of this article along with pending results and upcoming site visit.

Golden Hope Mines Limited

Business: Exploring for gold in Beauce region of Quebec

Traded TSX: GNH

U.S. OTC: GOLHF

Initial Price 7/30/10: US
.534

Shares Outstanding: 101,136,216

Market Cap: $57.7 million

Fully Diluted: 129,711,987

Cash Position: $2.3 million

Progress Rating: “C”

Telephone: 416-363-1240

Web Site: www.goldenhopemines.com

The story here is fairly simple. Golden Hope Mines is on to what could turn out to be one of the most exciting new gold discoveries and district plays in Canada this year. The company’s project consists of the Bellechasse Gold Belt in Southern Quebec, Canada. The property is located on a mineralized belt that is mostly owned by Golden Hope Mines Ltd. and includes the Bellechasse (Timmins) Gold Deposit, the FSG Volcanic VMS Target and a number of recently claimed Serpentinite (Ultra-Basic) geological formations. The location relative to Quebec City and Montreal is shown on the map on your left. The company had very encouraging drill results reported last year with grades around 2 grams per tonne. However, given a nugget effect, it is myunderstanding that average grades from bulk tonnage have been closer to 3 grams/tonne. Currently a very aggressive drill program is being carried out

with some 20,000 meters expected to be completed this year. And with that, hopefully the company can compile a 43-101 resource. What’s exciting the people close to this project are the favorable, widely space results. Prospecting has shown indication of gold mineralization occurring along astrike distance of about 17 kilometers within a part of the company’s claims in what is known as the Beauce-Bellechasse Region. On September 14, I have scheduled Frank Candido, the president of Golden Hope, to participate in my radio show, Turning Hard Times into Good Times. By then the company should have reported quite a few drill results.

The report I get from the field is that the drill core looks favorable, but of course the truth will be in the assays. For now, recognize this is a highly speculative exploration play that brings with it considerable risk. However, as exploration plays go, this looks like a very good bet to come up with something big. The potential for outlining a multimillion-oz. near-surface gold deposit in what is the most pro-mining environment in the world makes this one stock you may want to consider owning a few shares of. If it hits big, even a few shares will sweeten your portfolio very considerably.

The property map below shows the extent of the Golden Hope claims. Using the 20-kilometer scale above, you can quickly get a sense of how large this area play is. This has been an area of Quebec that has had little attention paid to it until now. Given Golden Hope’s exploration success, a staking rush has been set on fire in this region. And returning to the area is one of the most impressive new growth companies in Canada—namely, Osisko Mining Corporation, which had been in this area but dropped their claims. Osisko is planning to produce more than 600,000 ounces per year starting in 2012. The dropping of its claims in the Bellechasse area created a headache for Frank Candido when he set out to promote Golden Hope. He was frequently asked the following question by wise guy investors. “If your property is so good, why did Osisko leave?” Not only has Golden Hope’s successful drill results given hope for its own success, but Osisko is back and a host of other companies

also have joined the fray in search of the yellow metal in this largely ignored area of Quebec.

MANAGEMENT

Frank Candido, President, Director - Mr. Candido has played an extensive role in the restructuring and recapitalization of Golden Hope Mines Limited since mid 2006 through his numerous contacts in the financial industry, both with institutional and accredited

investors. Mr. Candido joined the Board of Directors at Golden Hope Mines and became Vice President in October 2007. Mr. Candido was then named President in August 2009.

Mr. Candido's career in corporate finance began as principal/partner of Optimus Asset Management Inc. (“Optimus”), a Montreal based company that he co-founded in 1994. Optimus is a firm specializing in the financing and consulting of early stage and micro cap companies both private and publicly held.

Mr. Candido is a graduate of both Concordia University and McGill University in Montreal, Canada. He has successfully completed his CSC (Canadian Securities Course) and his Series 3 (United States) as a registered Commodity Trading Advisor (CTA).

James E. Tilsley, P.Eng. Chief Geologist – QP - James Tilsley whose career experience has spanned the globe has over 45 years experience as a Geologist. Mr. Tilsley has worked on exploration, development and evaluation of mineral deposits and mineral environments in North, Central and South America, Europe, Africa, the Middle East, Asia, Australia, Indonesia and Greenland. A prolific contributor to industry journals, Mr. Tilsley’s has an impressive breadth of expertise.

Dany Boillard - Field and Logistics Manager - Mr. Boilard has been a prospecting exploration consultant on the Bellechasse belt since 1988. Mr. Boilard has experience in the exploration of base metal and precious metal environments in the Appalachians (the Bellechasse belt) and for Diamonds in Nunavut. Mr. Boilard is experienced in all aspects of exploration; from grass roots exploration

to grade evaluation process and methodology. Mr. Boilard possesses strong leadership and organizational capabilities.

William C. Needham – Director - Mr. Needham is Managing Director of ALCO, LLC, a corporate advisor to several developing companies. Over the years, Mr. Needham has served as an independent director to a number of public and private companies. He has served on both audit and compensation committees.

Mr. Needham spent 12 years at the investment-banking firm of Oppenheimer & Co., where he held numerous positions, including directing functions of the back office, the syndicate department, and as a registered broker, managing accounts of institutional and high-net-worth individuals and as a specialist in the firm’s corporate leveraged buy-out business. Mr. Needham holds a BA degree from Wesleyan University, Middletown, Connecticut. Under an AIESEC Fellowship in international

banking, he worked in England and Norway with Privatbanken A/S.

The Bottom Line

This is a high risk/high reward exploration play. With good results from some 20,000 ft. of surface drill results, the market could begin to price these shares much higher by the end of summer. An allocation of up to 5% of one’s portfolio can wisely be put into a stock like this during a bull market in gold. As I have been saying, this is a gold share bull market of a lifetime. If Golden Hope is successful in their goal of outlining a multimillion-dollar deposit, a ten- or twenty-fold rise in the price of these shares is not out of the question. Even higher returns than that are not out of the question. Investors must be prepared, however, for delays and even disappointments in their “payday.” That simply goes with the territory when it comes to investing in this high risk/high return sector. If you can’t accept that risk, then focus more on the producers.