Bellechasse-Timmins Gold Deposit Exploration Update

Golden Hope Mines (TSX VENTURE: GNH)(OTCQX: GOLHF) is pleased to provide an exploration update on its Fall 2011 diamond drill campaign in Southeastern Quebec, Canada.

SGS Canada Inc.-Geostat, independent technical advisors to Golden Hope and in close co-operation with the GNH technical team, designed the initial drill program to verify past results and to further test the T1, T2 and 88 zones to depth.

The company has completed 13 holes to date. A table of the holes and the depth of the holes is presented below.

Hole BD2011-157 has been assayed and the results were released to the market on September 12, 2011. The company reported that it had drilled 380.8 metres grading 0.61 g/t Au (uncut) or 0.55 g/t (cut) on its first completed hole of the summer drill campaign at the Bellechasse-Timmins Gold Deposit on the Bellechasse Gold Belt.

Holes BD2011-158,159, 160 and 164 have been logged, cut and sent out for assaying to SGS Minerals Services in Toronto, Ontario. BD2011 - 161 has been logged and samples are expected to be shipped by week end. The remaining holes are currently being logged. Samples are then cut and sent for assaying as each hole is completed.

The company will announce its results as they are received from the assay laboratory, compiled and interpreted.

On October 31, 2011 the company also announced the mobilization of a 2nd diamond drill. The company is pursuing its definition drill campaign at Bellechasse-Timmins in order to produce a compliant resource estimate for gold.