Mr. Frank Candido reports

GOLDEN HOPE MINES ACQUIRES ADDITIONAL CLAIMS ON THE BELLECHASSE BELT, AND GRANTS OPTIONS

Golden Hope Mines Ltd. has acquired an additional 56 claims or 2,231 hectares on the northern extension of the Bellechasse belt in southeastern Quebec.

"Given the positive results of the work completed through 2011 and 2012, we are confident in the prospects of additional gold and base-metal targets in the region," states Frank Candido, president of Golden Home Mines. "We believe that the expansion of our land position by the addition of these claims could result in further gold and base-metal discoveries on the belt, which will complement the Bellechasse-Timmins gold deposit and the Champagne polymetallic volcanogenic-massive-sulphide deposit."

Of the 56 claims acquired, 50 are located in Talon township, three are located in Panet township and three are located in Rolette township.

Golden Hope Mines currently holds a total of 459 claims totalling 18,990 hectares in southeastern Quebec.

The company has also issued 2.1 million options at an exercise price of 12 cents for a period of five years to directors, officers and consultants. Vesting will be 25 per cent immediately and 25 per cent every six months on the anniversary date of this grant for a period of 18 months. The options are granted pursuant to the company's stock option plan approved by shareholders at the annual meeting on June 18, 2012. The annual option grants are part of the company's remuneration strategy that attempts to align the options plan with improving shareholder value. The options granted to Arvind Jain on June 21, 2012, have the same vesting and expiry terms.

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

We seek Safe Harbor.