Golden Hope Mines Limited
TSX VENTURE : GNH
OTCQX : GOLHF

Golden Hope Mines Limited

January 21, 2011 10:47 ET

Golden Hope Commences 2011 Drill Campaign

TORONTO, ONTARIO--(Marketwire - Jan. 21, 2011) - Golden Hope Mines Limited (TSX VENTURE:GNH)(OTCQX:GOLHF) is pleased to announce that the 2011 winter diamond drill campaign on the Bellechasse-Timmins gold deposit on the Bellechasse Belt of Southeastern Quebec is currently in progress.

Golden Hope has continued to contract Forage Mercier of Val D'Or for the 2011 exploration campaign for an initial 2,000 metres. Golden Hope drilled a total of 16,038 metres in 2010.

With this preliminary drill program, the Company aims to test for an extension of the Timmins 1 Zone, test down dip extensions of the Ascot/Road Zone and continue to further explore the T2 zones.

The drill crew arrived on Monday January 10 and began drilling at the Bellechasse-Timmins property on January 11. The initial target was hole BD2010-150 which was collared before the 2010 holiday season.

Holes BD2010-150 and BD2011-151, which have already been drilled, were primarily to test for an extension of the Timmins 1 Zone to the northeast as well as to test the Ascot/Road Zone to depth along strike to the southwest and down dip from mineralized quartz veined diorite intersected in holes BD2010-98 (up to 2.63 g/t Au over a core length of 4.0 metres) and BD2010-99. The Ascot/Road Zone has an estimated true thickness of approximately 5.0 metres in the area of holes BD2010-98 and BD2010-99.

Paul R. J. Nicholls, 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 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 Southeastern 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. 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 www.sedar.com.

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.

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