Ms. Mona-Lee Takefman, a dissatisfied shareholder, reports

GOLDEN HOPE MINES SHAREHOLDER CALLS FOR BOARD AND MANAGEMENT CHANGES

A dissatisfied shareholder of Golden Hope Mines Ltd. has sent a letter to the shareholders of GNH and the board of directors of the company suggesting changes to the non-technical management team and its compensation and advising of their intention to offer shareholders a new slate of directors at the next annual meeting, given the dismal performance of the company's stock after the publication of the company's first resource estimate in June, 2011. GNH's stock declined 50 per cent in 2012.

Management and the board of directors of the company collectively own less than 1 per cent of the company.