Emerging producer of Gold and Silver in Mexico

Property hosts Inferred mineral resources of 225,750 tonnes of tailings with a grade of 2.0 g/t gold and 220 g/t of silver.

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AGORACOM WIRE - WEDNESDAY MAY 30TH, 2012

GOLDEN HOPE MINES (TSXV:GNH) Confirms High Grade Intersection of 64.1 g/t Au (Gold) over 1m Read More

The screen metallic analysis returned 82 g/t Au for an average grade of 93.5 g/t Au.
Two additional fire assays on the original pulp done prior to the screen metallic analyses returned 0.22 g/t Au and 0.12 g/t Au for an average fire assay grade of 0.41 g/t Au. The weighted average of all the fire assays and screen metallic assays from this 1-metre section in hole BD2011-184 is 64.1 g/t Au.

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CONTINENTAL ENERGY Geothermal Energy Project Receives US$ 11.5 Million Grant Read More * Client

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Message: option agreement

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Re: option agreement

in response to option agreement by vh

posted on Jun 20, 08 09:23AM

Dear Shareholder,

Thank you for your inquiry. As per the press release dated Feb.27, 2008 UC Resources Ltd. has advised its partners, Spider Resources Inc. and KWG Resources Inc. that it will exercise its right to opt into year two of the McFaulds Lake option agreement in the James Bay Lowlands region of northern Ontario. As per the binding LOI between UC and Spider, UC is required to incur exploration expenditures of at least an additional $1 million on or before the second anniversary date of March 6, 2009, in order to earn an additional 15% vested interest in the Property, bringing UC's interest level to 25%. To date $500,000 of the $1 million second tranche has been spent. Should UC exercise its full commitment to the McFaulds Lake Project Property Joint Venture Agreement it will earn-in up to a 55% undivided interest in the property.

Regards,

AGORACOM Investor Relations

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