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GOLDEN HOPE MINES LIMITED
TSX VENTURE:	GNH
PINK SHEETS:	GOLHF

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May 6, 2010
Golden Hope Mines Announces Closing of $1,905,170 Private Placement
TORONTO, ONTARIO--(Marketwire - May 6, 2010) - NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES Golden Hope Mines Limited ("Golden Hope" or the "Company") (TSX VENTURE:GNH)(PINK SHEETS:GOLHF) is pleased to announce that it has completed the first tranche (the "Tranche") of a non-brokered private placement, previously announced on April 29, 2010, of 10, 584, 276 units of the Company (each a "Unit") at a price of $0.18 per Unit for gross proceeds of $1,905,170. Each Unit is comprised of one common share of the Company (each a "Common Share") and one Common Share purchase warrant (each a "Warrant"). Each Warrant is exercisable into one Common Share at a price of $0.25 per share for a period of 24 months. Under applicable securities legislation and policies of the TSX Venture Exchange, the Common Shares and the Warrants are subject to a hold period expiring on September 7, 2010. In connection with the closing of the Tranche, the Company will pay finder's fees in the aggregate amount of $167,857 and will issue 364, 983 additional Warrants, each exercisable for one Common Share at a price of $0.25 for a period of 24 months. Golden Hope will use the proceeds from the Offering to advance the exploration on its Bellechasse/Beauce project in Quebec. About Golden Hope Mines Limited: Golden Hope 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 Quebec, Canada. The Bellechasse gold project in Quebec includes the Timmins 1, Timmins 2 and Ascot gold zones, the new FSG volcanic environment targets and a number of recently claimed ultra basic/serpentine bodies. For further information on Golden Hope Mines Limited please 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. Various factors 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 Golden Hope's registered filings at www.sedar.com. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION:

Golden Hope Mines Limited
Frank Candido
President, Director
514-750-8218
Fax: 416-864-0175
fcandido@goldenhopemines.com or info@goldenhopemines.com

or

Paradox Public Relations
Corporate Communications
1-866-460-0408

INDUSTRY: Manufacturing and Production - Mining and Metals

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Golden Hope Mines Limited

	EXPLORATION STAGE
	CODE : GNH.V
	ISIN : CA3809261058

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Golden Hope Mines is a gold exploration company based in Canada.

Golden Hope Mines holds various exploration projects in Canada and in USA.

Its main exploration properties are BELLECHASSE and LAVAL'S MOUNTAIN in Canada and PEMBROKE in USA.

Golden Hope Mines is listed in Canada and in United States of America. Its market capitalisation is CA$ 2.1 millions as of today (US$ 1.6 millions, € 1.4 millions).

Its stock quote reached its lowest recent point on August 07, 2009 at CA$ 0.03, and its highest recent level on February 24, 2012 at CA$ 9.90.

Golden Hope Mines has 13 640 000 shares outstanding.

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Golden Hope Mines Limited

Announces Closing of $1,905,170 Private Placement

Golden Hope Mines Limited