TSX VENTURE: GNH
OTCQX: GOLHF

Golden Hope Mines (GNH-V)

November 3, 2011

Golden Hope Mines is exploring for Gold in the Bellechasse Belt ofSoutheastern Quebec, Canada which is located approximately 100km southeast of Quebec City. The area known as Bellechasse/Beauce was the site of the first Canadian gold rush in the early 1800's.

On October 31, 2011 Golden Hope Mines announced the addition of a second drill to the Bellechasse-Timmins Gold Project, a historical first for the company and a historical first for any exploration company in the region. The presence of a second drill on site will greatly aid in moving towards a NI 43-101 compliant resource estimate on the Timmins 1 (T1) and Timmins 2 (T2) Zones. The zones are open on strike and to depth. Expectations are for a NI 43-101 compliant resource estimate from surface down to 300 or 400 meters in Q1 of 2012. The mineralization begins at or near surface. The Company has sufficient funds to reach the targeted resource estimate and has contracted 7,800 meters of drilling year to date.

Source: www.goldenhopemines.com

Market cap: ~$20MM
Cash position: ~$1.5MM + ~$1MM in receivable mining duties from the Quebec Government (Nov. 1, 2011).
Shares issued and outstanding – 116,845,752
Fully diluted numbers – 143,849,990

Details pertaining to the project: http://www.goldenhopemines.com/exploration/bellechase_timmins_gold/

Google Earth Map:
http://www.goldenhopemines.com/_resources/download.php?file=GNH_Collars.kmz

Please do not hesitate to contact me for further detail, to set up a call with management or to schedule a meeting.

Best regards,

Sasha Asgary
Corporate Secretary, Director of Corporate Communications
Golden Hope Mines (GNH-V)
Mobile: 514.347.1329
Office: 514.750.8218
eMail:sasgary@goldenhopemines.com
www.goldenhopemines.com