Golden Hope Mines Limited
TSX VENTURE : GNH
OTC Bulletin Board : GOLHF

Golden Hope Mines Limited

November 01, 2006 07:00 ET

Golden Hope Mines: Bellechasse Gold Project Large-Diameter Drilling Program Has Begun

TORONTO, ONTARIO--(CCNMatthews - Nov. 1, 2006) - Golden Hope Mines Limited (TSX VENTURE:GNH)(OTCBB:GOLHF) is pleased to announce that sampling using large-diameter drilling is in progress on its Bellechasse Gold Property located in southeastern Quebec. A program of approximately 1000 meters (3,300 feet) of large-diameter drilling is planned to sample the Timmins, Timmins South and 88 Zone.

The mineralization at Bellechasse is challenging to evaluate due to the nature and distribution of the gold mineralization in the 5 known mineralized zones. The exploration and metallurgical data available dictate this type of customized sampling is required. The object is to determine optimum sample sizes, grain size distribution and frequencies. This information is needed to calculate the true grade of the known mineralized zones.

The company intends to expand its exploration and sampling work within the Bellechasse Project during the remainder of 2006 and in 2007.

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



ON BEHALF OF THE BOARD

"Theodore Polisuk"

THEODORE POLISUK, President


About the Company

Golden Hope Mines is a mineral exploration company exploring for gold on its 21,100 hectare (52,140 acre) Bellechasse Property in southeastern Quebec, Canada. It is also exploring for silver and zinc on its property located in Maine, U.S.A. Both properties have bulk tonnage open pit potential.

S.E.C. Exemption: 12(g)3-2(b)

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

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