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

Golden Hope Mines Limited

May 19, 2009 17:01 ET

Golden Hope Mines Engages Paradox for Investor Relation Services

TORONTO, ONTARIO--(Marketwire - May 19, 2009) - GOLDEN HOPE MINES LTD. (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) a junior exploration company actively exploring for gold and base metals, is pleased to announce the engagement of Paradox Public Relations as strategic investor relations consultants to the company. Paradox will focus on developing and expanding Golden Hope Mines' communications with the investment community through a comprehensive investor relations program.

Paradox was engaged by Golden Hope Mines on May 19th, 2009 for a monthly fee of $5,000 for professional services for a period of 12 months, with the fee due and payable at the beginning of every month. The agreement with Paradox is for a 6 month period, which may be extended with the prior written consent of both parties, and may be terminated by either party upon 30 days notice. Paradox has been granted 350,000 incentive stock options exercisable at a price of $0.12 per share, for a period of two years. The options shall vest and become exercisable as to one quarter of the number granted on a quarterly basis over the ensuing year, and shall expire 30 days upon termination of the agreement.

This agreement is subject to acceptance by the TSX Venture Exchange.

Golden Hope has cancelled its previous agreement announced on April 9th 2009.

About Paradox

Paradox is a boutique investor relations firm based in Montreal and focused on small and micro cap companies. Our primary role is to bring together our select clients within the Canadian investment community with our network of investment managers and investment funds. We customize our services to fit the needs of our clients in order to provide an elite investor relations service.

About Golden Hope Mines Ltd.

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, silver and base metal projects suitable for underground and/or open-pit mining. The company's two areas of interest are located in Quebec, Canada and Maine, U.S.A. The Bellechasse gold project in Quebec includes the Timmins and Ascot gold zones, the Coucou volcanic target and a number of newly claimed serpentinite geological formations. For further information on Golden Hope, 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 that 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 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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