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Message: Golden Hope Mines Provides Update Bellechasse Timmins

TSX VENTURE: GNH Pink Sheets: GOLHF Frankfurt: 6G01

Toronto, ON / TheNewswire / November 23, 2015: Golden Hope Mines Limited ("Golden Hope" or the "Company") announces Uragold Bay Resources ("UBR") (TSX-V: UBR) has requested an extension on the option of Golden Hope's 100% owned Bellechasse-Timmins Property, by way of an injunction. The Company considers this claim to be frivolous and without merit. Please refer to the Company's November 12, 2015 press release, announcing that the Company had terminated the option in accordance with the terms of the option agreement, due to UBR's failure to submit the required documents within the 18-month term of the agreement, or within an additional 30 day cure period.

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 gold and base metal projects suitable for underground and/or open-pit mining. The company's focus is currently in southeastern Quebec, Canada. The company's claim blocks lie within an area that extends approximately 100 kilometres along the Appalachians of southeastern 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. For further information on Golden Hope Mines Limited please visit www.goldenhopemines.com.

Golden Hope Mines Limited

Frank Candido President, Director

514-969-5530

[email protected]

www.goldenhopemines.com

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