Golden
Hope Appoints Arvind Jain to its Board of Directors
Golden Hope Mines
Limited (TSX VENTURE: GNH) (PINK SHEETS:GOLHF) is pleased to announce the appointment of Mr. Arvind Jain to its Board of Directors.
Mr. Jain is
Vice-President of Strategy & Investments at Rio Tinto Alcan Inc. He has
been with the company since 2002. Earlier, he has held positions in Corporate
Strategy and Mergers & Acquisitions with Alcan, a Canadian mining company
and aluminum manufacturer. Alcan was purchased by Anglo Australian
multinational Rio Tinto in 2007, becoming Rio Tinto Alcan Inc. in Canada's
largest M&A transaction at that time in which Mr. Jain played a key role.
Mr. Jain earned a
Ph.D. and M.S. in Operations Research from Case Western Reserve University. He
also received a B. Tech. in Mechanical Engineering from the Indian Institute of
Technology (IIT), Kharagpur, India and is a past
president of the IIT Foundation.
He has over
30-years of experience in the aluminum industry having worked at Kaiser
Aluminum prior to Alcan. Mr. Jain has also worked in the areas of energy
modeling with SRI International and Stanford University.
"We welcome
the addition of Mr. Jain to the Board. His extensive experience in business
development and strategic planning will be an excellent complement to the current
Board of Directors", states Robert Stocks, Chairman of the Board, Golden
Hope Mines Limited.
"We are
extremely pleased with the addition of Mr. Jain to our Board of Directors. Mr.
Jain has a thorough knowledge of business processes and an excellent understanding
of the capital markets. His experience in corporate strategy and mergers and
acquisitions in a global setting, and his track record in originating and
developing joint venture agreements with multiple stakeholders, including local
communities, will definitely help to drive the company forward as we build upon
our recently released resource estimate and further explore our large claim
block in southeastern Quebec", states Frank Candido,
President, Golden Hope Mines Limited.
The Board has granted
incentive stock options to Mr. Jain to purchase 250,000 common shares of Golden
Hope at a price of $0.09 per share for a period of three years ending June 21,
2015.
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 Qu�bec, Canada. The Company's claim blocks
lie within an area that extends approximately 100 kilometres
along the Appalachians of southern Qu�bec 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.