Golden Hope Mines' Bulk Sample Program at Bellechasse Property Yields High Grade Gold Results

TORONTO, ONTARIO (PINK SHEETS: GOLHF) today released preliminary assay results from the fall 2007 bulk sampling program at its Bellechasse property in the Eastern Townships of Quebec.

A total of 45 consecutive bulk samples were taken, each representing one metre of trench across the central part of the Timmins 1 mineralized structure. The initiative was part of a larger program that also included trenching on Timmins 2 and the Ascot Vein (see maps at www.goldenhopemines.com).

To date, the company has received results for 38 of the 45 samples from Timmins 1. Results for 25 of these samples range from 27.029 g/t to 0.948 g/t gold and are set out in Table 1 on the next two pages of this news release.

Complete data for all 38 Timmins 1 samples are posted at the company's website. When results for the remaining seven Timmins 1 samples and the samples from Timmins 2 are returned, they will be released in the same manner.

"The preliminary assays from Timmins 1 are very promising and provide the basis for further exploration," said Louis Hoel, President and CEO of Golden Hope Mines. "Our claim group in Bellechasse is rich in targets and offers tremendous potential for growth."

All 45 samples were crushed so that approximately 95% passed through a 20 mesh (approximately 850 ï¿1/2) screen. Each sample was progressively riffle split at the company's onsite sample preparation facility. The procedure provided two one-kilogram splits per sample for standard fire assay at Eastern Analytical Limited in Springdale, Newfoundland.

A total of 28 consecutive samples, representing a width of 28 metres, assayed an average of 4.65g/t gold. The 38 samples for which results are available give an average grade of 3.56g/t gold.

                   Table 1. Fire assay results
             from Timmins 1 trench at Bellechasse, Quebec

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Sample # Horizontal Trench       Sample Weight        1kg    Au  Au Avg.
         Interval                  As Received     Sample          Grade
         ------------------
         Begin (m)  End (m)                (kg)    Splits  (ppb)    (g/t)
-------------------------------------------------------------------------
74761        2.00     3.00                81.6  74761-40C  1105    1.251
                                                74761-40D  1397
-------------------------------------------------------------------------
74762        3.00     4.00                76.8  74762-40C  2080    1.955
                                                74762-40D  1830
-------------------------------------------------------------------------
74763        4.00     5.00                90.5  74763-40C  3615    2.623
                                                74763-40D  1630
-------------------------------------------------------------------------
74764        5.00     6.00              90.000  74764-40C  2758    3.069
                                                74764-40D  3379
-------------------------------------------------------------------------
74765        6.00     7.00              96.800  74765-40C  4448    2.922
                                                74765-40D  1395
-------------------------------------------------------------------------
74766        7.00     8.00              81.400  74766-40C   585    0.948
                                                74766-40D  1310
-------------------------------------------------------------------------
74768        9.00    10.00              69.900  74768-40C  1073    1.070
                                                74768-40D  1066
-------------------------------------------------------------------------
74774       15.00    16.00              69.400  74774-40C 34669   27.029
                                                74774-40D 19388
-------------------------------------------------------------------------
74775       16.00    17.00                88.2  74775-40C  2210    1.857
                                                74775-40D  1503
-------------------------------------------------------------------------
74776       17.00    18.00              86.200  74776-40C  7060    6.361
                                                74776-40D  5661
-------------------------------------------------------------------------
74777       18.00    19.00              75.300  74777-40C  1093    1.283
                                                74777-40D  1472
-------------------------------------------------------------------------
74778       19.00    20.00                65.2  74778-40C 16570   13.953
                                                74778-40D 11335
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74779       20.00    21.00                71.5  74779-40C  7943    9.055
                                                74779-40D 10166
-------------------------------------------------------------------------
74781       22.00    23.00                79.3  74781-40C  1346    1.040
                                                74781-40D   734
-------------------------------------------------------------------------
74782       23.00    24.00                72.3  74782-40C 21648   10.851
                                                74782-40D    54
-------------------------------------------------------------------------
74785       26.00    27.00              72.200  74785-40C 11051    9.288
                                                74785-40D  7524
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74786       27.00    28.00                96.1  74786-40C 20178   20.366
                                                74786-40D 20553
-------------------------------------------------------------------------
74787       28.00    29.00                75.3  74787-40C  4764    4.244
                                                74787-40D  3724
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74788       29.00    30.00                  62  74788-40C 14323    7.711
                                                74788-40D  1098
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74789       30.00    31.00                  79  74789-40C  5503    3.768
                                                74789-40D  2032
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74790       31.00    32.00                61.1  74790-40C  1490    1.432
                                                74790-40D  1374
-------------------------------------------------------------------------
74791       32.00    33.00                67.8  74791-40C   977    1.248
                                                74791-40D  1519
-------------------------------------------------------------------------
74792       33.00    34.00                75.21 74792-40C  2376    1.571
                                                74792-40D   765
-------------------------------------------------------------------------
74794       35.00    36.00               77.800 74794-40C   793    1.186
                                                74794-40D  1579
-------------------------------------------------------------------------
74795       36.00    37.00                 72.8 74795-40C  1129    1.007
                                                74795-40D   884
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2008 exploration program

Golden Hope Mines expects to pursue an ambitious schedule of exploration activities in 2008. Current plans call for crews to:

- Explore the Timmins deposit and continue to collect data to permit preparation of an NI 43-101 report;

- Locate and define additional Timmins-type deposits elsewhere on the Bellechasse property; and

- Explore the newly staked serpentinite targets on Bellechasse.

"Given the encouraging assay results we have received from Timmins 1 to date, we believe the potential is there for similar mineralization elsewhere on the property," said Mr. Hoel.

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

About Golden Hope

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. 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.

Contacts: Golden Hope Mines Ltd. Louis Hoel President [phone] [phone] (FAX) Email: [e-mail] Website: www.goldenhopemines.com Barnes McInerney Inc. John Vincic Executive VP, Investor Relations [phone] ext. 249 [phone] (FAX) Email: [e-mail]