Golden Hope Appoints Arvind Jain to its Board of Directors

TSX VENTURE: GNH
PINK SHEETS: GOLHF

VANCOUVER, June 21, 2012 /CNW/ - Golden Hope Mines Limited (TSX VENTURE: GNH) (PINK SHEETS:GOLHF) is pleased to announce the appointment of Mr. Arvind Jain to its Board of Directors.

Mr. Jain is Vice-President of Strategy & Investments at Rio Tinto Alcan Inc. He has been with the company since 2002. Earlier, he has held positions in Corporate Strategy and Mergers & Acquisitions with Alcan, a Canadian mining company and aluminum manufacturer. Alcan was purchased by Anglo Australian multinational Rio Tinto in 2007, becoming Rio Tinto Alcan Inc. in Canada's largest M&A transaction at that time in which Mr. Jain played a key role.

Mr. Jain earned a Ph.D. and M.S. in Operations Research from Case Western Reserve University. He also received a B. Tech. in Mechanical Engineering from the Indian Institute of Technology (IIT), Kharagpur, India and is a past president of the IIT Foundation.

He has over 30-years of experience in the aluminum industry having worked at Kaiser Aluminum prior to Alcan. Mr. Jain has also worked in the areas of energy modeling with SRI International and Stanford University.

"We welcome the addition of Mr. Jain to the Board. His extensive experience in business development and strategic planning will be an excellent complement to the current Board of Directors", states Robert Stocks, Chairman of the Board, Golden Hope Mines Limited.

"We are extremely pleased with the addition of Mr. Jain to our Board of Directors. Mr. Jain has a thorough knowledge of business processes and an excellent understanding of the capital markets. His experience in corporate strategy and mergers and acquisitions in a global setting, and his track record in originating and developing joint venture agreements with multiple stakeholders, including local communities, will definitely help to drive the company forward as we build upon our recently released resource estimate and further explore our large claim block in southeastern Quebec", states Frank Candido, President, Golden Hope Mines Limited.

The Board has granted incentive stock options to Mr. Jain to purchase 250,000 common shares of Golden Hope at a price of $0.09 per share for a period of three years ending June 21, 2015.

About Golden Hope:

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 southeastern Québec, Canada. The Company's claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southern Québec from near Ste-Lucie-de-Beauregard to approximately 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 on Golden Hope please visit www.goldenhopemines.com.


 

SOURCE Golden Hope Mines Limited

For further information:

Golden Hope Mines Limited

Frank Candido: President, Director

Tel: 514-750-8218

fcandido@goldenhopemines.com

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Golden Hope Mines Limited

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