GNH Golden Hope Mines Limited

Golden Hope Mines Limited ("Golden Hope") (TSX VENTURE:GNH)(PINK SHEETS:GOLHF)
is pleased to announce that it has closed the acquisition of the 10% net
proceeds royalty (the "Royalty Interest") in regard to certain of its mining
claims located in the Townships of Panet, Ware and Bellechasse, Quebec, from
Gold Belt Mining Ltd. ("Gold Belt") previously announced on April 16, 2010. The
Royalty Interest had previously been granted to Gold Belt by Golden Hope
pursuant to a memorandum of agreement dated April 23, 1985.


Golden Hope purchased the Royalty Interest pursuant to a royalty purchase
agreement and a royalty assignment agreement in exchange for 250,000 common
shares of Golden Hope. The common shares issued under the transaction will be
subject to a four (4) month hold period. Golden Hope intends to cancel the
Royalty Interest. 


About Golden Hope Mines Limited:

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 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 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. Various factors
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 Golden Hope's registered
filings at www.sedar.com.

Golden Hope Mines (TSXV:GNH)
Historical Stock Chart
From Jun 2024 to Jul 2024

Golden Hope Mines (TSXV:GNH)
Historical Stock Chart
From Jul 2023 to Jul 2024