NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE
UNITED STATES


Golden Hope Mines Limited ("Golden Hope" or the "Company") (TSX
VENTURE:GNH)(PINK SHEETS:GOLHF) is pleased to announce the closing of a private
placement offering consisting of 3,764,706 flow-through common shares of the
Company (the "Flow-Through Shares") at a price of $0.17 per Flow-Through Share
(the "Offering") for gross proceeds of $640,000.


Golden Hope will use the proceeds from the Offering to advance the exploration
on its Bellechasse project in Quebec.


The Company paid certain registered brokers (the "Brokers") commission fees in
the aggregate amount of $41,600. In addition, the Company issued 114,706 broker
warrants (the "Broker Warrants"). Each Broker Warrant will entitle the holder to
buy one Common Share at $0.24 per Common Share. The Broker Warrants will be
exercisable, in whole or in part, until January 11, 2010.


In addition, the Company has determined that it will not issue any further
securities under the private placement previously announced on June 6, 2008.


About Golden Hope: 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. 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.

 
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. There are
certain 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.
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