The company said 50 of the claims are located in Talon Township, three are located in Panet Township and three are located in Rolette Township.

Golden Home Mines president Frank Candido said the company is confident about the prospects of additional gold and base metal targets in the region based on the positive results of the work completed through 2011 and 2012.

"We believe that the expansion of our land position by the addition of these claims could result in further gold and base metal discoveries on the belt which will complement the Bellechasse-Timmins gold deposit and the Champagne polymetallic volcanogenic massive sulphide ("VMS") deposit," said Candido.

Canada based Golden Hope Mines owns a total of 459 claims totaling 18,990ha in southeastern Quebec.

A total of 2,100,000 options at an exercise price $0.12 have been issued by the company to Directors, Officers and Consultants for a period of five years, following approval by shareholders as part of its remuneration strategy.

The company said vesting terms will be 25% immediately and 25% every six months on the anniversary date of this grant for a total period of 18 months.