September 17, 2012

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Golden Hope Mines is pleased to announce it has entered into an option

agreement

(the “Agreement”) to acquire from a prospector (the “Prospector”) a

100% right, title and interest in 4 claims

(the “Property”) located in the

Bellechasse/Beauce Region of southeastern Quebec.

To exercise the option, Golden Hope is required to: (i) pay $25,000 to the

Prospector on or before August 31, 2013 (of which an initial payment of $10,000

is payable on signing the Agreement), and (ii) issue 100,000 common shares of

Golden Hope to the Prospector on or before August 31, 2013.

Upon the Company having exercised the option in accordance with the

Agreement, thereby acquiring a 100% right, title and interest in and to the

Property, the Prospector will retain a 2% net smelter return royalty on the

Property, of which 1% can be bought back by the Company, at any time and at

its sole discretion, for the sum of $1,000,000. The transaction is subject to,

among other things, the approval of the TSX Venture Exchange. The securities

issued under the Agreement will be subject to a four (4) month hold period from

the date of issuance.

Golden Hope Mines currently holds a total of 459 claims totaling 18,990 hectares

in southeastern Quebec.

The following corrects the release that was issued June 21, 2012. The previous

version noted that Golden Hope had issued 250,000 options to Mr. Arvind Jain at

an exercise price of $0.09 per share. This is incorrect. The correct exercise price

should read as $0.10.