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

Golden Hope Mines Limited

March 01, 2010 10:00 ET

Golden Hope Mines Ltd. Announces Bulk Sample Results on Its Bellechasse-Timmins Property

TORONTO, ONTARIO--(Marketwire - March 1, 2010) - Golden Hope Mines Ltd. (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) is pleased to announce its bulk sample results on the T1 portion of the Bellechasse-Timmins mineralized zone.

The simple average of values for samples from within the mineralized portion of the T1 zone exposed at surface is approximately 3g Au/metric tonne (2.998) using a 0.5g/t cut-off. The mineralized area exposed at surface has a strike length of about 100 metres and a maximum width of approximately 48m.

The results from each of the trenches are presented in the table below;

Zone Trench Sample From To Length Bulk
    Number (m) (m) (m) Sample Results
            (g/ t Au)
             
T1 09A 09A #1 0 3 3 0.446
    09A #2 3 5 2 2.616
    09A #3 5 7 2 2.762
    09A #4 7 9 2 8.122
    09A #5 9 11 2 10.56
    09A #6 11 13 2 5.588
    09A #7 13 15 2 1.196
    09A #8 15 17 2 2.502
    09A #9 17 19 2 5.879
    09A #10 19 21 2 8.75
    09A #11 21 23 2 2.384
             
T1 09D 09D #1 0 3 3 0.418
    09D #2 3 5 2 0.415
    09D #3 5 7 2 0.477
    09D #4 7 9 2 0.548
    09D #5 9 11 2 6.923
    09D #6 11 13 2 2.074
    09D #7 13 16 3 1.231
             
T1 09D1 09D1 #1 0 2 2 1.622
    09D1 #2 2 4 2 1.074
             
T1 09D2 09D2 #1 0 2 2 11.98
    09D2 #2 2 4 2 3.578
    09D2 #3 4 6 2 2.735
    09D2 #4 6 8 2 0.307
    09D2 #5 8 10 2 0.127
    09D2 #6 10 12 2 0.181
    09D2 #7 12 14 2 0.426
    09D2 #8 14 16 2 0.084
    09D2 #9 16 18 2 0.145
    09D2 #10 18 20 2 0.312
    09D2 #11 20 22 2 0.607
    09D2 #12 22 24 2 0.357
    09D2 #13-14 24 28 2 0.962
    09D2 #15 28 30 2 0.083
             
T1 09E 09E #1 2 4 2 0.025
    09E #2 4 6 2 0.174
    09E #3 6 8 2 0.594
    09E #4 8 10 2 0.722
    09E #5 10 12 2 3.057
    09E #6 12 14 2 1.664
             
T1 09F 09F #1 0 2 2 0.387
    09F #2 2 4 2 0.996
    09F #3 4 6 2 1.344
             
T1 09G 09G #1 2 4 2 0.426
    09G #2 4 6 2 0.774
    09G #3 6 8 2 0.531
    09G #4 8 10 2 0.309

These results help to define the limits of mineralization at surface and give valuable information to assist in the correlation of gold values from existing diamond drilling and down-hole hammer work.

The Company and its geological team are encouraged by this information which supports earlier work and historical results suggesting reliability of grade estimators improves with sample size.

The T1 mineralized zone has been intersected 300m below surface where diamond drilling shows brecciation of the diorite, frequency of quartz veining, and gold distribution similar to that observed near surface in shallower diamond drill intersections.

Brecciation is confined to the competent intrusive rocks. Mineralization does not extend appreciably into the host sediments. Exposure of the mineralized diorite of the T1 zone at surface is limited by intruded sediments both to the southwest and to the northeast. Geological and geochemical data suggest mineralization within the diorite extends beneath the sediments in both directions.

Parallel mineralized zones that lie to the southeast have been traced for more than 300 metres along strike and are open in both directions, suggesting a similar strike potential for the T1 zone.

Additional data are posted on the Company website at www.goldenhopemines.com.

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

About Golden Hope Mines Limited:

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