Golden Hope Mines extends drill campaign by 2800 metres

Wednesday, Nov 21, 2012

MONTREAL, Nov. 20, 2012 /CNW/ - Golden Hope Mines Limited ("Golden Hope" or the "Company") (TSX VENTURE: GNH Pink Sheets: GOLHF) - is pleased to announce that it has extended its drill campaign by an additional 2800 metres on the Bellechasse belt in southeastern Quebec.

On August 20, 2012 the company announced an initial 2500 metre drill campaign and this extension would bring the total Fall 2012 exploration drill campaign to 5300 metres.

The company will continue to use the services of Forage Spektra Drilling
(formerly Forage Mercier) of Val d'Or, Quebec.

About Golden Hope:

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 southeastern Québec, Canada. The Company's claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Québec from near Ste-Lucie-de-Beauregard to approximately 16 kilometres southwest of Beauceville. The Bellechasse-Timmins gold deposit lies 5 kilometres southeast of St-Magloire within the Bellechasse Belt, an approximately 18 kilometre long mineralized area. The Bellechasse-Timmins gold deposit includes the T1, T2A, T2B, Ascot/Road
gold zones, and the 88 Diorite. The Company is also looking to develop the Champagne zone, a partially explored base metal and gold deposit that lies within the Company's Bellechasse Belt claims. A recently completed VTEM survey may identify other similar targets along the horizon. The Company is also working to develop other targets within its claim blocks including the FSG gold and base metal target, Chute du Bras, the LG showing, Moose Cliff, and Talon. For further information on Golden Hope please visit www.goldenhopemines.com.

Source: Golden Hope Mines Limited