Golden Hope: 2nd Drill Mobilized at Bellechasse-Timmins, Quebec

GNH: TSX Venture
GOLHF: OTCQX

TORONTO, Oct. 31, 2011 /PRNewswire/ - Golden Hope Mines (TSX VENTURE: GNH) (OTCQX: GOLHF) is pleased to announce the mobilization of a 2nd diamond drill at its Bellechasse-Timmins gold deposit in southeastern Quebec. The company is aggressively pursuing its definition drill campaign at Bellechasse-Timmins in order to produce a compliant resource estimate for gold. Forage Orbit Garant of Val D'Or, Quebec, will provide the second drill. The initial drill contract is for 3000 metres and will begin on November 1, 2011. Golden Hope continues to use the services of Forage Mercier of Val D'Or, Quebec as well. The Forages Mercier drill is currently at the property and drilling its previously announced 2000 metre drill contract extension. Forages Mercier has already completed its initial contract for 4500 metres. Golden Hope will look to extend both contracts as the work progresses.

James E. Tilsley, P.Eng is acting as the qualified person (QP) for Golden Hope in compliance with National Instrument 43-101 and has reviewed the technical contents of this release.

Forward-Looking Information

This news release contains certain forward-looking information as defined in applicable securities laws (referred to herein as "forward-looking statements"). Specifically, this news release contains forward-looking statements regarding the drill results being incremental to current potential. Forward-looking statements involve known and unknown risks, uncertainties and other factors which are beyond Golden Hope's ability to predict or control and may cause Golden Hope's actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements. Golden Hope undertakes no obligation to update publicly or otherwise revise any forward-looking statements contained herein whether as a result of new information or future events or otherwise, except as may be required by law.

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 southeastern Quebec, Canada. The company's claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Quebec from near Ste-Lucie-de-Beauregard to about 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 eight known parallel gold-bearing breccias in the adjoining 88 Diorite. The company is also working to develop other targets within its claim blocks including the FSG gold and base metal target, the St-Luc (Roux) target, Chute du Bras, the LG showing, Moose Cliff, and Talon. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com 

SOURCE Golden Hope Mines Limited