Mr. Frank Candido reports

GOLDEN HOPE MINES ADOPTS NEW BY-LAWS AND ADVANCE NOTICE POLICY FOR FUTURE SHAREHOLDER MEETINGS

Golden Hope Mines Ltd.'s board of directors has approved and adopted new company bylaws, which include advance notice provisions. The purpose of the advance notice provisions are to: (i) facilitate an orderly and efficient annual general or, where the need arises, special meeting, process; (ii) ensure that all shareholders receive adequate notice of the director nominations and sufficient information regarding all director nominees; and (iii) allow shareholders to register an informed vote after having been afforded reasonable time for appropriate deliberation.

The advance notice provisions, among other things, include a provision that requires advance notice to the company in certain circumstances where nominations of persons for election to the board of directors are made by shareholders of the company. The policy fixes a deadline by which director nominations must be submitted to the company prior to any annual or special meeting of shareholders and sets forth the information that must be included in the notice to the company for the notice to be in proper written form.

In the case of an annual meeting of shareholders, notice to the company must be made not less than 30 days or more than 65 days prior to the date of the annual meeting; provided, however, that in the event that the annual meeting is to be held on a date that is less than 40 days after the date on which the first public announcement of the date of the annual meeting was made, notice may be made no later than the close of business on the 10th day following such public announcement.

In the case of a special meeting of shareholders, which is not also an annual meeting, called for the purpose of electing directors (whether or not called for other purposes), notice to the company must be made no later than the close of business on the 15th day following the day on which the first public announcement of the date of the special meeting was made.

The bylaws, including the advance notice provisions, are effective immediately. The full text of the bylaws are available at SEDAR or upon request by contacting the corporate secretary, Sasha Asgary, at 514-750-8218 or by e-mail.