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Golden Hope Introduces Andre Tessier as its New President and CEO

Management Changes

Golden Hope Introduces Andre Tessier as its New President and CEO

NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S.

TSXV: GNH

FRANKFURT: 6G01

OTCBB: GOLHF

(via Thenewswire.ca)

TheNewswire / June 20, 2019 - Golden Hope Mines Lim ited, TSX-V: GNH; (the "Company" or "Golden

Hope") is pleased to introduce Mr. Andre Tessier as its ne w President and CEO effective immediately.

Mr. Tessier is a Professional Engineer and Geologis t, involved in the mineral exploration and mining

industry since 1989, including 12 years as Director , President and CEO of the publicly traded junior

mining company referred to below.

Mr. Tessier started his career as Exploration Manag er in Noranda, Quebec for Cominco Ltd. He

subsequently became geological consultant to the in dustry with clients from both the major and junior

sectors in Canada, South and Central America and Ce ntral Asia. In 2003, Mr. Tessier was appointed as

President, CEO and Director of Murgor Resources Inc ., a position he held until 2015. In 2015, Murgor

successfully merged with a Toronto-based junior exp loration company during very challenging market

conditions, obtaining a 50% price premium for Murgo r shareholders. During his tenure at Murgor, the

company raised over $38M through equity financing a nd asset value-creation (i.e. acquisition – value

addition – monetization). Since 2016, Mr. Tessier has been employed by the Ontario Geological Survey

and has been an adjunct Professor at Queen’s University in Kingston since 2018. Mr. Tessier obtained his

Engineering degree at the Ecole Polytechnique in Montreal and his MSc in Economic Geology at Queen’s

University in Kingston.

Mr. Tessier has also been added to the slate of Dir ectors to be elected at the companies Annual General

Meeting to be held on June 28 in Montreal.

“I would like to thank the Board of Directors for their vote of confidence. I would also like to thank Mr. Frank

Candido for his excellent work at steering the company since 2008 during such difficult market conditions. I

look forward with optimism to the challenge of lead ing Golden Hope Mines and adding value for our

shareholders” states Andre Tessier.

The Board wishes to thank Mr. Frank Candido for having served as President of Golden Hope since 2008.

Mr. Candido will remain a Director of the Company a nd is included on the slate of Directors to be elec ted

at the companies upcoming Annual General Meeting. M r. Candido will also serve as a consultant to the

new President during the transition period.

ON BEHALF OF THE BOARD OF GOLDEN HOPE MINES LIMITED.

Frank Candido

Director

We seek safe harbor. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term

is defined in the policies of the TSX Venture Excha nge) accepts responsibility for the adequacy or

accuracy of this release. The TSX Venture Exchange has not approved nor disapproved of the

information contained herein.

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 gol d and base metal projects suitable for underground

and/or open-pit mining. The Company's focus is curr ently in southeastern Quebec, Canada. The

Company's claim blocks lie within an area that exte nds approximately 100 kilometres along the

Appalachians of southeastern Quebec from near Ste-L ucie-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:

Golden Hope Mines Limited

www.goldenhopemines.com

Frank Candido, Director

Tel : 514-969-5530

[email protected]

Cautionary note regarding forward-looking information

Some statements contained in this news release are “ “forward looking information” within the meaning of

Canadian securities laws. Forward looking information include, but are not limited to, statements regarding

the use of proceeds of the non-brokered private placement and payment of the debt settlements. Generally,

forward-looking information can be identified by th e use of forward-looking terminology such as “plans ”,

“expects”, “is expected”, “budget”, “scheduled”, “e stimates”, “forecasts”, “intends”, “anticipates”, “ believes”

or variations of such words and phrases (including negative or grammatical variations) or statements t hat

certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”

or the negative connotation thereof. Investors are cautioned that forward-looking information is inher ently

uncertain and involves risks, assumptions and uncertainties that could cause actual facts to differ materially.

There can be no assurance that future developments affecting the Company will be those anticipated by

management. The forward-looking information contain ed in this press release constitutes management's

current estimates, as of the date of this press rel ease, with respect to the matters covered thereby. We

expect that these estimates will change as new information is received. While we may elect to update these

estimates at any time, we do not undertake to update any estimate at any particular time or in response to

any particular event.