Golden Hope Mines Limited
TSX VENTURE : GNH
PINK SHEETS : GOLHF

Golden Hope Mines Limited

October 28, 2009 08:01 ET

Golden Hope Mines Confirms New Target for Gold and Base Metals

TORONTO, ONTARIO--(Marketwire - Oct. 28, 2009) - Golden Hope Mines (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) is pleased to announce that Geochemical Surveying on its new FSG Area has shown four strong gold and base metals anomalies.

Golden Hope Mines had previously announced that it had investigated a large base metal sulphide target (3.5 km) with 8 diamond drill holes in late 2007. The Coucou is a volcanic complex with potential for VMS mineralization. Drilling intersected abundant sulphides but no economic grades of precious or base metals were found. A 2008 regional geophysical study done by Frank Glass, P. Geo, identified a more favourable area about 3 km to the south west of the original target.

Activation Laboratories Limited have developed a soil gas hydrocarbon technique that is capable of detecting gold and base metals to depths in excess of 200 meters. The company have employed this method and located four gold and base metal anomalies in the new FSG Area.

The results are extremely encouraging and copies of the reports are posted on our web sites home page at www.goldenhopemines.com.

Golden Hope Mines, weather permitting, will begin working on these new targets as soon as the hunting season delay is over in early November, 2009. The anomalies will be stripped, trenched, blasted and sampled.

"We are very excited about this new highly prospective area for Golden Hope Mines. The data are so encouraging that we do not want to delay our aggressive sampling program which will begin in a few weeks. We were always very interested in this particular area and we now believe that we were simply a few kilometers away from where we should have been looking all along." states Frank Candido, President, Golden Hope Mines Ltd.

Golden Hope Mines continues its large bulk sampling program on its wholly owned Bellechasse (Timmins) Gold Deposit. The program is progressing very quickly and results are expected at the end of 2009 or early 2010. Golden Hope Mines is working toward developing reliable grade data that will permit preparation of resource estimates. Pictures from the bulk sampling program have been posted on the company's web site at www.goldenhopemines.com/gallery.php.

James Tilsley, P. Eng., has prepared and reviewed the technical content in this news release and is a qualified person (QP) for Golden Hope Mines in compliance with National Instrument 43-101.

About Golden Hope Mines Ltd.

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 Quebec, Canada. The Bellechasse gold project in Quebec includes the Timmins 1, Timmins 2 and Ascot gold zones, the new FSG volcanic targets and a number of recently claimed ultra basic/serpentine geological environments. For further information on Golden Hope Mines, please visit www.goldenhopemines.com.

Forward-Looking Information:

This 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 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.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

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