GNH Golden Hope Mines Limited

Golden Hope Mines Limited (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) announces that it
intends to complete a non-brokered private placement financing of units
("Units") at a price of $0.18 per Unit for gross proceeds in the amount of up to
$2,000,000 (the "Offering"). Each Unit consists of one common share of the
Company (a "Common Share") and one Common Share purchase warrant (a "Warrant"),
with each Warrant entitling the holder thereof to acquire a Common Share at the
exercise price of $0.25 per Common Share for a period of up to 24 months
following the closing of the Offering. In addition, the Company has the option
(the "Over-Allotment Option"), exercisable in whole or in part to offer for sale
additional Units for additional gross proceeds of up to $2,000,000. If the
Over-Allotment Option is fully exercised, the total gross proceeds of the
proposed Offering would be $4,000,000.


The Company intends to use the net proceeds of the Offering to continue the
development of its key projects and for working capital purposes. The Company
may pay finder's fees in connection with the financing.


The Common Shares, the Warrants and the Common Shares issuable upon the exercise
of the Warrants are subject to resale restrictions. Closing of the financing is
subject to receipt of regulatory approval, including the approval of the TSX
Venture Exchange.


About Golden Hope Mines Limited:

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 and base metal projects suitable for underground
and/or open-pit mining. The company's focus is in the Bellechasse/Beauce Region
of Quebec, Canada. The Bellechasse gold project in 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, the size and use of proceeds of the Offering 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 could cause actual results to differ materially from
those in forward-looking statements. These include market prices, exploitation
and exploration successes, and 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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