Mr. Frank Candido reports

GOLDEN HOPE ANNOUNCES EXCITING RESULTS FROM ITS 2010 DRILL PROGRAM AT ITS BELLECHASSE-TIMMINS GOLD PROJECT

Golden Hope Mines has released further assay results from it 2010 gold exploration campaign at the Bellechasse-Timmins gold deposit in southeastern Quebec. The results reported are from seven holes drilled at the T1, T2A and T2B gold zones.

Significant intersections include:

• BD2010-124 4.98 grams per tonne gold over 13 metres in gold zone T1;
• BD2010-125 7.57 g/t Au over 10 metres in gold zone T2B;
• BD2010-132 2.03 g/t Au over four metres in gold zone T1;
• BD2010-132 4.63 g/t Au over three metres in gold zone T2B;
• BD2010-133 9.05 g/t Au over nine metres in gold zone T2A.

The T1 gold zone has been extended to a 130-metre strike length to the southwest where a 13-metre intercept assayed 4.98 g/t in hole BD2010-124. An additional 14.0 metres of quartz-veined diorite with haloed lower gold concentrations was intersected in this hole. The broader intercept gave an average gold grade of 2.47 g/t Au over 27 metres. The mineralized intersection is approximately 150 metres below the surface.

The current strike length on the T1 zone is still open to the southwest where the mineralized diorite plunges under the Etchemin formation volcanoclastic rocks. Additional drilling is planned to follow and define the northeastern extension of the zone.

The two deep holes (BD2010-132 and BD2010-133) intersected auriferous quartz veins in diorite and volcanics at a vertical depth of around 320 to 400 metres. Intersections from hole BD2010-132 included 2.03 g/t Au over a core length of 4.0 metres and 1.15 g/t Au over a core length of 5.0 metres.

The T2A zone has been currently intersected over a minimum strike length of 330 metres and to a vertical depth of approximately 270 to 340 metres. Hole BD2010-132 intersected 4.63 g/t Au over core length of 3.0 metres at a vertical depth of 340 metres.

Hole BD2010-133 cut an impressive 9.05 g/t Au over core length of 9.0 metres. The intersection in hole BD2010-132 represents the downdip extension of mineralization intersected in holes BD2010-115 and BD2010-119 that were previously reported in Stockwatch news dated Sept. 22, 2011. Hole BD2010-133 is located downdip from gold mineralization intersected in holes BD2010-95 and BD2010-114.

The T2B zone has a currently defined 290-metre strike length with deepest intersections at approximately 300 metres of vertical depth. Hole BD2010-133 cut 0.32 g/t Au over core length of 4.0 metres. Hole BD2010-125 cut 7.57 g/t Au over core length of 10.0 metres. Visible gold was also observed in holes BD2010-130 and BD2010-131.

                     SUMMARY OF RESULTS T1 ZONE

DDH             Comment From (m)  To (m)  Length (m)  Au g/mt  Thickness (m)

BD2010-94                   98.0   105.0        7.00     0.54           4.01
BD2010-115                 134.0   136.0        5.00     0.59           2.85
BD2010-124                 167.0   194.0        27.0     2.47
including                  167.0   180.0       13.00     4.98           7.41
including                  167.0   168.0        1.00     8.20
including                  179.0   180.0        1.00    55.10
BD2010-132                 351.0   354.0        4.00     2.03           1.69
including                  353.0   354.0        1.00     7.23
                           358.0   362.0        4.00     0.68           1.69
                           447.0   452.0        5.00     1.15           2.11

                     SUMMARY OF RESULTS T2 ZONE

DDH             Comment From (m)  To (m)  Length (m)  Au g/mt  Thickness (m)

T2A Zone
BD2010-95                 110.0   117.0         7.0     0.90           4.90
BD2010-114                174.0   175.0         1.0     3.83           0.57
BD2010-115                100.0   112.0        12.0     6.10           6.84
Including                 104.0   105.0         1.0    69.50
BD2010-119                167.0   174.0         7.0     4.84           2.95
Including                 167.0   168.0         1.0    24.70
Including                 173.0   174.0         1.0     6.82
BD2010-130                163.0   168.0         5.0     0.89           2.85
BD2010-131                140.0   190.0        50.0     0.31
BD2010-132                298.0   301.0         3.0     4.63           1.26
Including                 298.0   299.0         1.0    13.20
BD2010-133                371.0   380.0         9.0     9.05           3.80
Including                 379.0   380.0         1.0    76.80
T2 (not subdivided)
BD2010-131                140.0   190.0        50.0     0.31

T2B Zone
BD2010-100                154.0   164.0        10.0     0.94           5.70
BD2010-125                222.0   232.0        10.0     7.57           7.31
Including                 222.0   223.0         1.0    71.70
                          231.0   232.0         1.0     3.39
BD2010-130                138.0   150.0        12.0     0.85           6.84
Including VG              138.0   139.0         1.0     0.11
Including VG              143.0   144.0         1.0     0.61
BD2010-133                326.0   330.0         4.0     0.32            2.0

Cross sections can be viewed on the company's website.

Due to the presense of visible gold throughout the gold zones, there will be aditional full pulp metallics carried out on some of the assays reported. Any significant new information will be released as it is received.