Golden Hope Announces Closing of a $984,200 Private Placement

Golden Hope Mines Limited is pleased to announce that it has completed a non-brokered private placement of $984,200 by issuing 8,201,666 units of the Company (Units) at a price of $0.12 per Unit. Each Unit is comprised of one common share of the Company and one-half (1/2) of one common share purchase warrant (each whole warrant, a Warrant). Each Warrant is exercisable into one common share of the Company at a price of $0.15 per share for a period of 24 months. Under applicable securities legislation and policies of the TSX Venture Exchange, the Units issued in the private placement are subject to a hold period expiring on April 19, 2010. The Company paid commission fees in the aggregate amount of $65,056 to arms length third parties. Golden Hope will use the proceeds from the Offering to advance the exploration on its Bellechasse project in Quebec.