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

Golden Hope Mines Limited

December 06, 2010 09:03 ET

Golden Hope Announces Drilling at Laval's Mountain

TORONTO, ONTARIO--(Marketwire - Dec. 6, 2010) - Golden Hope Mines (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) is pleased to announce that it has begun drilling the Laval's Mountain target located approximately 9 kilometres north of the Bellechasse-Timmins Gold deposit. The company completed diamond drill hole BD2010-149, the final 2010 exploration drill hole at Bellechasse-Timmins and moved the drill to Laval's Mountain on Friday, December 3.

Laval's Mountain is one of 4 major targets selected for drilling along the Bellechasse Belt. The primary target is Bellechasse-Timmins, which has been the focus of most of the historical and current drilling. Since April 13, 2010, the company has drilled 13,991 metres in 57 holes at Bellechasse-Timmins for which assay results from 31 holes remain outstanding. In addition to these holes, the company has also drilled 633 metres in 3 holes at the Beland target also within the Bellchasse Belt approximately 6 kilometres south of the Bellechasse-Timmins gold deposit.

Laval's Mountain is the third major geochemical target along the approximate 18 kilometre belt. The company plans 6 diamond drill holes totaling approximately 1320 metres at Laval's Mountain prior to the Christmas break. 2 holes each are planned at three targets at Laval's Mountain.

The Laval's Mountain geochemical survey scored a 5 for Gold and 5 for base metals out of a potential 6. This is the highest rating of any survey completed to date on the company's entire claim block. This high score indicates that it is an excellent target for further investigation through diamond drilling as the company attempts to locate other deposits within the 18 kilometre Bellechasse Belt.

Sugar Bush, approximately 6kms north of Bellechasse-Timmins, represents a fourth drill ready target within the Bellechasse Belt. The company will drill this target in the 2011 exploration campaign. With four major targets already indicated within the belt, the company will continue to work towards establishing other targets in its attempt to discover multiple deposits within the approximately 18 kilometre Bellechasse Belt.

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.

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 the Bellechasse/Beauce Region of 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 press 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, the size and use of proceeds of the Offering 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.

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