Golden Hope Mines Limited

Golden Hope Mines Limited

April 16, 2010 16:05 ET

Golden Hope Mines Limited to Acquire Royalty Interest in Beauce Region of South Eastern Quebec

TORONTO, ONTARIO--(Marketwire - April 16, 2010) - Golden Hope Mines Limited ("Golden Hope") (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) is pleased to announce that it has entered into an agreement to purchase a 10% net proceeds royalty (the "Royalty Interest") in regard to certain of its mining claims located in the Townships of Panet, Ware and Bellechasse, Quebec, from Gold Belt Mining Ltd. ("Gold Belt"). The Royalty Interest had previously been granted to Gold Belt by Golden Hope.

Golden Hope will purchase the Royalty Interest from Gold Belt pursuant to a royalty purchase agreement and a royalty assignment agreement in exchange for 250,000 common shares of Golden Hope. The transaction is subject to, among other things, any necessary approvals of the TSX Venture Exchange. The common shares issued under the transaction will be subject to a four (4) month hold period.

About Golden Hope Mines Limited:

Golden Hope 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 environment targets and a number of recently claimed ultra basic/serpentine bodies. For further information on Golden Hope Mines Limited please visit

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. Various factors could cause actual results to differ materially from those in forward-looking statements. These include market prices, exploitation and exploration successes, 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 Golden Hope's registered filings at

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.

Contact Information