TORONTO, ONTARIO--(Marketwire - 10/18/10) - Golden Hope Mines Limited ("Golden Hope" or the "Company") (TSX-V:GNH - News)(PINK SHEETS:GOLHF - News) is pleased to announce that it has filed a National Instrument 43-101 compliant technical report with respect to its Bellechasse-Timmins Property on the System for Electronic Document Analysis and Retrieval (SEDAR) of the Canadian Securities Administrators. The report, entitled "Technical Report - Bellechasse-Timmins Property, Bellechasse-Beauce Region Southeastern Quebec" (the "Technical Report"), dated September 12, 2010 was prepared for Golden Hope by Ronald H. McMillan, Ph.D., P.Geo., P.Eng.

The Technical Report summarizes and presents known technical and historical information relevant to the Bellechasse-Timmins Property of Golden Hope for the information of shareholders of the Company and other interested parties. The Technical Report compiles data from the Company's records and the assessment files of the Quebec Ministry of Natural Resources into one consolidated document that describes the current understanding and potential of the Bellechasse-Timmins gold deposit.

The Technical Report is available on SEDAR at www.sedar.com and is also available on the Company's website at www.goldenhopemines.com.

About Golden Hope Mines Limited:

Golden Hope Mines Limited is a mineral exploration company that seeks to grow shareholder value through the acquisition, exploration and development of potentially large-scale gold and base metal projects suitable for underground and/or open-pit mining. The company's focus is in the Bellechasse/Beauce Region of Quebec, Canada. The Bellechasse gold project in Quebec includes the Timmins 1, Timmins 2 and Ascot gold zones, the new FSG volcanic environment targets and a number of recently claimed ultra basic/serpentine bodies. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com.

Forward-Looking Information:

This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities, the size and use of proceeds of the Offering and events or developments that the company expects are forward-looking statements. Although the Company believes the expectations expressed in such statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the statements. Factors could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. For more information on the company, investors should review registered filings at www.sedar.com.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 
Contacts:
Golden Hope Mines Limited
Frank Candido
President, Director
514-750-8218
416-864-0175 (FAX)
fcandido@goldenhopemines.com or info@goldenhopemines.com
www.goldenhopemines.com
Paradox Public Relations
Corporate Communications
1-866-460-0408