Golden Hope Intersects 1.33 g/t Au Over 29 Metres and 1.05g/t Au Over 33 Metres at Bellechasse-Timmins, Quebec

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MONTREAL, March 19, 2012 /PRNewswire/ - Golden Hope Mines (TSX VENTURE: GNH)(Pink Sheets: GOLHF) - Golden Hope Mines Limited is pleased to announce further significant results from its 2011 drill campaign in southeastern, Quebec. The company is pleased to present the following highlights from holes BD2011-178, 179 and 180.

Table 1: Result highlights from BD2011-178 to 180

Hole BD2011-178 intersected 48 metres of 0.48 g/t Au including 5 metres of 0.73 g/t Au and also intersected 63 metres of 0.51 g/t Au including 7 metres of 1.45 g/t Au and 7 metres of 1.62 g/t Au. Hole BD2011-179 intersected 29 metres of 1.33 g/t Au including 5 metres of 2.13 g/t Au and 10 metres 2.08 g/t Au. Hole BD2011-179 also intersected 33 metres of 1.05 g/t Au including 8 metres of 2.80 g/t Au. Hole BD2011-180 intersected 58 metres of 0.85 g/t Au including 9 metres of 1.68 g/t Au and 6 metres of 3.22 g/t Au. Hole BD2011-180 also intersected 41 metres of 0.62 g/t Au including 12 metres of 1.03 g/t Au.

"We are very pleased with the drill data generated so far from the 2011 campaign. The near surface significant results are also extremely encouraging. These latest results will continue to contribute to the calculation of our first resource estimate. Our team in Ste Justine is working diligently to process the core for assaying as quickly as possible" states Frank Candido, President, Golden Hope Mines.

Bellechasse-Timmins Exploration Update:

There are currently 5 holes at the SGS Labs in Toronto (BD2011-181, 182, and BD2012-183,184, and 185).

There are also 10 holes or approximately 3300 metres of drill core that are in different stages of being logged, cut and prepared for shipping to the lab at our St-Magloire facility. These holes include BD2012-186, 187, 188, 189, 190, 191, 192, 193, 194 and Béland 05).

The drill crew has left the property as the company is taking a small break from drilling to catch up to the data generated to date and focus on processing the core currently outstanding for assaying. The near term plan includes the publication of the company's first resource estimate as well as preparing an extensive Spring 2012 drill campaign at Bellechasse-Timmins and throughout our property in southeastern, Quebec.

Samples were prepared and analyzed at SGS Minerals Services of Toronto, Ontario (Don Mills laboratory). Analysis for gold was done on one half of core samples following FAI525 fire assay routine. SGS introduced standards and blanks in the sequence.

Claude Duplessis, Eng and Claude Bisaillon, Eng. are qualified persons (QP) in compliance with National Instrument 43-101 and have reviewed the technical contents of this press release.

James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.