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TORONTO,
ONTARIO--(Marketwire - July 15, 2008) - GOLDEN HOPE MINES LTD. (TSX
VENTURE:GNH)(PINK SHEETS:GOLHF) a junior exploration company actively
exploring for gold and base metals, is pleased to announce the
engagement of Auburn Partners Inc. as strategic investor relations
consultants to the company. Auburn Partners will focus on developing
and expanding Golden Hope Mines' communications with the investment
community through a comprehensive investor relations program.
"Auburn Partners have demonstrated to us their ability to get the
company and its project in front of high quality investors, investment
managers and fund managers over a short trial period", said Louis
Hoel, President, Golden Hope Mines Ltd. "Although the market has
been difficult for junior exploration companies, it is imperative that
we continue to present our project to as many key individuals in the
investment community as possible. They will participate in our growth
as we further develop our key assets".
"The management team and the current exploration program of Golden
Hope Mines has been very well received by our network of brokers and
investment managers. We look forward to building a successful
relationship with Golden Hope Mines going forward" said Shanda
Theaker, Principal, Auburn Partners Inc.
Auburn Partners was engaged by Golden Hope Mines on July 1, 2008 for a
monthly fee of $5,000 for professional services for a period of 6
months, with the fee due and payable at the beginning of every month.
The agreement with Auburn is for a 6 month period, which may be
extended with the prior written consent of both parties, and may be
terminated by either party upon 30 days notice. Auburn has been granted
200,000 incentive stock options exercisable at a price of $0.35 per
share, for a period of two years. The options shall vest and become
exercisable as to one quarter of the number granted on a quarterly
basis over the ensuing year, and shall expire 30 days upon termination
of the agreement.
Neither Auburn Partners, nor any of its employees, holds any interest,
directly or indirectly, in Golden Hope Mines, or any right to acquire
such an interest. This agreement is subject to acceptance by the TSX
Venture Exchange.
About Auburn Partners Inc.
Auburn Partners Inc. is a boutique investor relations firm focused on
small and micro cap companies. Our primary role is to bring together
our select clients within the Canadian investment community with our
network of investment managers and investment funds. We customize our
services to fit the needs of our clients in order to provide an elite
investor relations service.
About Golden Hope Mines Ltd.
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, silver and base metal
projects suitable for underground and/or open-pit mining. The company's
two areas of interest are located in Quebec, Canada and Maine, U.S.A.
The Bellechasse gold project in Quebec includes the Timmins and Ascot
gold zones, the Coucou volcanic target and a number of newly claimed
serpentinite geological formations. For further information on Golden
Hope, 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. Factors that 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 registered filings at www.sedar.com.
The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.
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