Quebec Autorite Des Marches Financiers Files Charges Against Officers of Golden Hope

MONTREAL, QUEBEC / Golden Hope Mines Limited (TSX VENTURE: GNH) - The Autorite des Marches Financiers ("AMF") has filed charges against two officers of Golden Hope Mines Limited ("GNH, or the Company") Frank Candido, President, and Sasha Asgary, Corporate Secretary and Director of Corporate Communications.

The proceeding was initiated under article 195.2 of the Quebec Securities Act for having allegedly influenced or attempted to influence the price of GNH shares by improper means on investment discussion websites. In each case, the AMF is seeking an administrative penalty of $25,000 and prohibition from acting as a director or officer for 18 months.

Mr. Candido is contesting the allegations. Mr. Asgary will resign as officer of the Company.

Larry Hoover, Roy Millington, Michael Zurowski, Directors

Golden Hope Mines Limited, on behalf of its Board of Directors

About Golden Hope Mines Limited

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 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 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:

Golden Hope Mines Limited

Tel: 514-750-8218

SOURCE: Golden Hope Mines Limited

Release ID: 37758