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Client Work

Golden Hope Mines acquires royalty interest from Gold Belt Mining

Fasken
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Client

Golden Hope Mines Limited

On April 30, 2010, Golden Hope Mines Limited (TSX VENTURE:GNH) (PINK SHEETS:GOLHF) closed the previously announced acquisition of the 10% net proceeds royalty (the "Royalty Interest") in regard to certain of its mining claims located in the Townships of Panet, Ware and Bellechasse, Quebec, from Gold Belt Mining Ltd.("Gold Belt"). The Royalty Interest had previously been granted to Gold Belt by Golden Hope pursuant to a memorandum of agreement dated April 23, 1985. Golden Hope purchased the Royalty Interest pursuant to a royalty purchase agreement and a royalty assignment agreement in exchange for 250,000 common shares of Golden Hope. The common shares issued under the transaction will be subject to a four month hold period. Golden Hope was advised in this transaction by Fasken Martineau with a team that included John Sabetti, Daniel Fuke and Emilie Nadeau.

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