Silicon Investor - GoldQuest Mining Corp gqc.v

[LoneClone] GoldQuest Welcomes New Directors Coille Van Alphen and Jose Michelen newsfilec...

LoneClone — 2/27/2026 10:12:54 AM

GoldQuest Welcomes New Directors Coille Van Alphen and Jose Michelen

newsfilecorp.com

February 26, 2026 5:00 PM EST | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce the appointments of Coille Van Alphen and Jose Michelen to the Company's board of directors (the "Board"), effective immediately, to fill the vacancies created by the resignations of Bill Fisher and Julio Espaillat from the Board.

Mr. Fisher and Mr. Espaillat have served on the Board for 16 years and 15 years, respectively. The Company would like to thank them both for their valuable contributions and service to GoldQuest over the past years and wishes them continued success in their future endeavors.

Luis Santana, Director and Chief Executive Officer of GoldQuest, commented: "We are very pleased to welcome Coille and Jose to the Board of GoldQuest at this important stage in the advancement of the Romero Project. Their combined experience in capital markets, corporate governance, finance and strategic development will further strengthen our Board as we continue to advance the Romero Project through permitting and towards development. At the same time, I would like to sincerely thank Bill and Julio for their commitment and contributions to the Company."

Coille Van Alphen

Ms. Van Alphen is a Metals & Mining Portfolio Manager at Equinox Partners, a US-based global value investment firm recognized for its long-term investment horizon and focus on good corporate governance. In this role, she manages a concentrated portfolio of precious metals miners and oversees investments in base metals companies.

Previously, Ms. Van Alphen was Senior Analyst of a precious metals mutual fund at Toqueville Asset Management (now Sprott Funds), where she was responsible for evaluating and monitoring global mining equity investments. Earlier in her career, she worked at CPP Investment Board in global capital markets and external portfolio management.

Ms. Van Alphen holds an MBA, graduating with distinction, from the Ivey School of Business at Western University and is a CFA charterholder.

Jose Michelen

Mr. Michelen has profound corporate and investment experience in the Dominican Republic and South America and has a track record of implementing and executing strategic corporate development goals within various enterprises. He has been active in financial markets since 1996, initially working in New York before co-founding a financial transactional platform in the Dominican Republic in 2002.

Since 2004, Mr. Michelen has focused on actively managing and overseeing investments across various industries in the Dominican Republic and Central America. He is a founding partner and board member of several Dominican financial institutions, including Centro Financiero Crecer, AG Investments and Alpha Valores, and has served on the board of directors of the Bolsa de Valores de la República Dominicana. He currently serves on the Board of Cevaldom.

Mr. Michelen holds an MBA from the Massachusetts Institute of Technology and a Bachelor of Science degree from New York University.

About GoldQuest

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, the merits of the Company's mineral properties. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "aims", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Source: GoldQuest Mining Corp.

[LoneClone] GoldQuest Named to the 2026 TSX Venture 50 ca.finance.yahoo.com TMX Newsfile ...

LoneClone — 2/18/2026 3:14:59 PM

GoldQuest Named to the 2026 TSX Venture 50

ca.finance.yahoo.com

TMX Newsfile
Wed, February 18, 2026 at 4:35 a.m. PST 5 min read

Vancouver, British Columbia--(Newsfile Corp. - February 18, 2026) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce that it has been recognized as a 2026 Top 50 Company by the TSX Venture Exchange.

The TSX Venture 50™ is an annual ranking of the top-performing companies on TSX Venture Exchange over the last year. Companies are ranked based on three equally-weighted criteria of one-year share price appreciation, market capitalization growth, and Canadian consolidated trading value.

During 2025, GoldQuest's share price increased by 538% and its market capitalization grew by 669%. The 2026 TSX Venture 50™ highlights the top 50 performers among more than 1,500 TSX Venture Exchange issuers.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "We are honoured to be recognized as a 2026 TSX Venture 50™ company. This milestone reflects the strength of the GoldQuest team, our continued progress in advancing the Romero Project, and the strong support of our stakeholders, including our Dominican shareholders. We remain focused on responsibly unlocking Romero's value for the benefit of all stakeholders."

Andrew Creech, President, TSX Venture Exchange commented: "The 2026 TSX Venture 50 reflects a clear inflection point for early-stage finance, with a return of liquidity and capital that reinforces Canada's position as a world-leading centre for resource discovery, strategic innovation, and scale. This year's ranking underscores the vital role TSXV plays in channeling capital to the mining sector and serving as the primary growth pipeline for the next generation of global mineral supply." More details can be found at: api.newsfilecorp.com.

About GoldQuest

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the merits of the Company's mineral properties, the Company's plans for its mineral properties, and the Company's focus on unlocking Romero's value for the benefit of all stakeholders. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "aims", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

To view the source version of this press release, please visit api.newsfilecorp.com

[LoneClone] GoldQuest Provides Update on Drilling and Exploration Activities at Romero Gold-...

LoneClone — 2/3/2026 11:56:20 AM

GoldQuest Provides Update on Drilling and Exploration Activities at Romero Gold-Copper Project, Dominican Republic

newsfilecorp.com

February 03, 2026 7:00 AM EST | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - February 3, 2026) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to provide an update on its ongoing 2025-2026 drilling and metallurgical testwork program at the 100%-owned Romero Gold-Copper Project in the Dominican Republic.

The Company has successfully completed the metallurgical drill program: 5 metallurgical drillholes totalling 1,906 metres; ~1,600 m of representative core selected from all holes for advanced locked-cycle and variability testwork at ALS Kamloops, with first results expected in March 2026 and the final report by late April/early May 2026.
Geotechnical and hydrogeological drilling advancing on schedule: 8 dedicated geotech holes (~2,700 m), of which 3 were completed and 3 are ongoing, and 10 hydrogeological holes (6 completed, 3 in progress) all to be finished by February 2026 to support Feasibility Study engineering design.
Drilling started in early January at the Cachimbo discovery target, with the first hole currently at 450 metres, with a planned target depth of 500 metres. This program aims to delineate a Mineral Resource and test additional targets along the Romero-Cachimbo corridor.
Geophysics Program Underway: A new ground geophysics program has commenced to further refine exploration targets. The program consists of Gradient Array Induced Polarization (IP) surveys and Pole-Dipole Induced Polarization (PD-IP) surveys.

Since beginning the program in September 2025, the Company has completed five metallurgical drill holes totaling 1,906 metres and three dedicated geotechnical holes totaling 1,270 metres (see Figure 1). This data will support the continued development of the underground mining design.

In parallel, three additional drill rigs continue with a geotechnical and hydrogeological drilling program at the planned plant, waste dump, tailings facility areas, and critical infrastructure (Figure 1). This campaign has been updated to eight dedicated geotechnical holes (approximately 2,700 metres in total) and ten hydrogeological holes (6 completed and 3 ongoing) and is on schedule for completion by February 2026. Data from these holes will support detailed engineering design for the Feasibility Study.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "We are advancing efficiently on all fronts. With metallurgical samples now at the lab and the drill bit turning at Cachimbo, we remain on schedule to deliver our Feasibility Study milestones while simultaneously exploring the district's potential."

Figure 1: Drill Progress at Romero

To view an enhanced version of this graphic, please visit:
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At Cachimbo, drilling of hole TIR-26-57 began in early January and has now reached 450 metres, with a target depth of 500 metres. The program seeks to define a Mineral Resource and test new targets along the Romero-Cachimbo corridor (Figure 2).

Core samples from TIR-26-57 contain sections with disseminated pyrite, chalcopyrite, barite, and sphalerite in veinlets (Figure 3), similar to mineralization encountered in previous holes at this target. Cutting and sampling are currently in progress, with assay results anticipated by early March.

Figure 2: Drill Progress at Cachimbo

To view an enhanced version of this graphic, please visit:
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Figure 3: Core from hole TIR-26-57 a: 183.6 m depth. b: 258 m depth.

To view an enhanced version of this graphic, please visit:
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Additionally, a geophysics program is currently in progress. Commenced on January 27, a new ground geophysics plan aims to further delineate exploration targets and support drill planning along the aforementioned corridor. The scope of this program includes Gradient Array Induced Polarization (IP) surveys, which will be supplemented with Pole-Dipole Induced Polarization (PD-IP) surveys in zones where anomalies are identified. The plan consists of:

A first stage of Gradient Array Induced Polarization (IP) to complete the cover in the brownfield targets around the Romero deposit, and
A second stage targeting the Cachimbo trend, with the objective of improving the upcoming drill program at the greenfield targets Cañada La Vaca and Los Ganchos.

Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this press release under NI 43-101-Standards of Disclosure for Mineral Properties.

About GoldQuest

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, the Feasibility Study and engineering studies in support thereof, the mobilization of drill rigs, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "aims", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Source: GoldQuest Mining Corp.

[LoneClone] GoldQuest Closes Third and Final Tranche of Private Placement for Gross Proceeds...

LoneClone — 1/13/2026 3:01:19 PM

GoldQuest Closes Third and Final Tranche of Private Placement for Gross Proceeds of Approximately C$3.3 Million

newsfilecorp.com

January 13, 2026 2:11 PM EST | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - January 13, 2026) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce the closing of the third and final tranche (the "Third Tranche") of its previously announced non-brokered private placement (the "Private Placement") of units of the Company (the "Units"), originally announced on December 16, 2025. The first tranche of the Private Placement (the "First Tranche") closed on December 23, 2025 and the second tranche of the Private Placement (the "Second Tranche") closed on January 9, 2026.

Under the Third Tranche, the Company issued 2,744,542 Units at a price of C$1.21 per Unit, for total gross proceeds of approximately C$3.3 million.

Each Unit is comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share at an exercise price of C$1.80 per Common Share for a period of 24 months from the applicable closing date of the Private Placement.

Combined with the First Tranche and Second Tranche, the Company has issued a total of 34,710,743 Units under the Private Placement, for gross proceeds of approximately C$42 million.

In connection with the Third Tranche, the Company paid cash finder's fees of C$100,000.45 to Paradigm Capital Inc. and C$66,044.34 to Milenio Partners, S.A., each an arm's length party.

All Common Shares and Warrants issued pursuant to the Private Placement are subject to a four-month statutory hold period under applicable Canadian securities laws.

The Company expects to use the proceeds of the Private Placement for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, the use of proceeds raised under the Private Placement, the Company's plans with respect to the Romero project and focus on advancing its assets in the Dominican Republic. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Source: GoldQuest Mining Corp.

[LoneClone] GoldQuest Closes Second Tranche of Private Placement for Gross Proceeds of Appro...

LoneClone — 1/12/2026 12:05:29 PM

GoldQuest Closes Second Tranche of Private Placement for Gross Proceeds of Approximately C$8.7 Million

newsfilecorp.com

January 09, 2026 4:04 PM EST | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - January 9, 2026) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce the closing of the second tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement") of units of the Company (the "Units"), originally announced on December 16, 2025. The first tranche of the Private Placement (the "First Tranche") closed on December 23, 2025.

Under the Second Tranche, the Company issued 7,172,813 Units at a price of C$1.21 per Unit, for total gross proceeds of approximately C$8.7 million.

Each Unit is comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share at an exercise price of C$1.80 per Common Share for a period of 24 months from the applicable closing date of the Private Placement.

Combined with the First Tranche, the Company has issued a total of 31,966,201 Units under the Private Placement, for gross proceeds of approximately C$40 million.

In connection with the Second Tranche, the Company paid a cash finder's fee of C$305,579.45 to Paradigm Capital Inc., an arm's length party.

All Common Shares and Warrants issued pursuant to the Private Placement are subject to a four-month statutory hold period under applicable Canadian securities laws.

The Company expects to close the third and final tranche of the Private Placement (the "Final Tranche") of up to C$3,320,896 early next week.

The Company expects to use the proceeds of the Private Placement for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes.

Insider Participation and MI 61-101 Disclosure

Insiders of the Company acquired an aggregate of 150,000 Units (C$181,500) under the Second Tranche. Such insider participation constitutes a "related party transaction" as defined under the TSV Venture Exchange (the "TSX-V") Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").

The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities to be acquired by insiders, nor the consideration paid by them, exceeds 25% of the Company's Market Capitalization.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Final Tranche, the use of proceeds raised under the Private Placement, the Company's plans with respect to the Romero project and focus on advancing its assets in the Dominican Republic. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Source: GoldQuest Mining Corp.

[LoneClone] GoldQuest Closes First Tranche of Private Placement newsfilecorp.com December...

LoneClone — 12/23/2025 2:13:57 PM

GoldQuest Closes First Tranche of Private Placement

newsfilecorp.com

December 23, 2025 12:00 PM EST | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce the closing of the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Private Placement") of units of the Company (the "Units"), originally announced on December 16, 2025.

As previously announced, the Private Placement was increased to a maximum of 34,710,743 Units at a price of C$1.21 per Unit, for total gross proceeds of up to approximately C$42 million.

Each Unit is comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share at an exercise price of C$1.80 per Common Share for a period of 24 months from the applicable closing of the Private Placement.

Under the First Tranche, the Company issued a total of 24,793,388 Units at a price of C$1.21 per Unit, raising gross proceeds of C$29,999,999.48.

In connection with the First Tranche, the Company paid a cash finder's fee of approximately C$1,499,999.97 to Milenio Partners, S.A., an arm's length party.

The Private Placement remains subject to final acceptance of the TSX Venture Exchange (the "TSX-V"). All Common Shares and Warrants issued pursuant to the Private Placement are subject to a four-month statutory hold period under applicable Canadian securities laws.

The Company expects to use the proceeds of the Private Placement for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes.

Insider Participation and MI 61-101 Disclosure

Insiders of the Company are expected to acquire 150,000 Units (C$181,500) under the second tranche of the Private Placement. Such insider participation constitutes a "related party transaction" as defined under TSX-V Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities to be acquired by insiders, nor the consideration paid by them, exceeds 25% of the Company's Market Capitalization.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the size of the Private Placement, the second tranche of the Private Placement, receipt of TSX-V approval, the use of proceeds raised under the Private Placement, the Company's plans with respect to the Romero project and focus on advancing its assets in the Dominican Republic. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to receiving TSX-V approval; the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Source: GoldQuest Mining Corp.

[LoneClone] GoldQuest Announces Upsizing of Private Placement ca.finance.yahoo.com Newsfi...

LoneClone — 12/18/2025 10:59:02 AM

GoldQuest Announces Upsizing of Private Placement

ca.finance.yahoo.com

Newsfile
Thu, December 18, 2025 at 4:00 a.m. PST 6 min read

Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce that due to significant interest, the Company intends to increase the size of its previously announced non-brokered private placement (the "Private Placement"). The Private Placement will now be comprised of an aggregate of up to 34,710,743 units of the Company (the "Units") at a price of $1.21 per Unit, for aggregate gross proceeds of up to approximately $42 million.

Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share at an exercise price of $1.80 per Common Share for a period of 24 months from the applicable closing of the Private Placement.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "We are encouraged by the continued support and trust demonstrated by large Dominican institutional investors, whose long-term participation reflects confidence in the quality of the Romero project and in our disciplined approach to advancing it. The strong demand for this financing reinforces institutional acceptance of our strategy and provides additional confidence as we move forward. Importantly, the convergence of Dominican institutional investors and International capital markets participants creates a uniquely strong and well-aligned shareholder base, which we view as critical as we advance permitting, fund development, and move Romero toward construction."

The Private Placement is expected to close in tranches on or before January 9, 2026, subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange (the "TSXV").

The Company expects to use the proceeds of the Private Placement for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes.

It is anticipated that certain insiders of GoldQuest will subscribe for Units in the Private Placement. The issuance of Units will be considered related party transactions within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101 in respect of such insider participation.

As consideration for services provided in connection with the Private Placement, the Company will pay a finder's fee to certain eligible finders who introduced subscribers to the offering, including Paradigm Capital Inc.

Common Shares and Warrants issued under the Private Placement will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the size of the Private Placement, the offering price and closing date of the Private Placement, the use of proceeds raised under the Private Placement, the Company's plans with respect to the Romero project and the Company's focus on advancing its assets in the Dominican Republic. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to receiving TSXV approval of the Private Placement; the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

[LoneClone] GoldQuest Announces C$30 Million Private Placement ca.finance.yahoo.com Newsf...

LoneClone — 12/16/2025 3:05:09 PM

GoldQuest Announces C$30 Million Private Placement

ca.finance.yahoo.com

Newsfile
Tue, December 16, 2025 at 4:09 a.m. PST 5 min read

Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce that it intends to offer, on a non-brokered private placement basis, up to 24,793,399 units of the Company (the "Units") at a price of $1.21 per Unit, for aggregate gross proceeds of up to approximately $30 million (the "Private Placement"). There is no minimum offering amount.

Luis Santana, Chief Executive Officer of GoldQuest, commented:
"This financing strengthens our balance sheet and provides the Company with the flexibility to advance exploration and early development activities in the Dominican Republic. We are particularly encouraged by the participation of a new institutional investor, alongside continued support from established Dominican institutional investors. Their involvement reflects long-term alignment with GoldQuest's strategy and confidence in the quality of our assets and our disciplined approach to advancing the project."

"The participation of one of the largest Dominican institutional investors, together with continued support from existing local institutional investors, represents an important strategic element of this financing. These investors have a long-standing presence in the Dominican financial market and bring long-term capital, local market knowledge, and a strong understanding of the Dominican Republic's regulatory and operating environment. Their continued participation supports the Company's long-term strategic objectives and contributes to a stable and well-aligned shareholder base as GoldQuest advances exploration and development activities in the Dominican Republic."

Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share at an exercise price of $1.80 per Common Share for a period of 24 months from the closing date of the Private Placement.

The Private Placement is expected to close on or before December 19, 2025, subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange.

The Company expects to use the proceeds of the Private Placement for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes.

Common Shares and Warrants issued under the Private Placement will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Forward-Looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the size of the Private Placement, the offering price and closing date of the Private Placement, the use of proceeds raised under the Private Placement, participation of investors in the Dominican Republic and the Company's focus on advancing the Romero gold-copper project and exploring the Tireo Formation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to receiving TSXV approval of the Private Placement; the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

[LoneClone] GoldQuest Provides Update on 2025 Drilling and Metallurgical Program at Romero ...

LoneClone — 12/3/2025 5:52:58 PM

GoldQuest Provides Update on 2025 Drilling and Metallurgical Program at Romero Gold-Copper Project, Dominican Republic

newsfilecorp.com

December 03, 2025 7:00 AM EST | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to provide an update on its ongoing 2025 drilling and metallurgical testwork program at the 100%-owned Romero Gold-Copper Project in the Dominican Republic.

Completed 5 metallurgical drillholes totalling 1,906 metres; approximately 1,600 m of representative core selected from all holes for advanced locked-cycle and variability testwork at ALS Kamloops, with first results expected in March 2026 and final report anticipated by late April/early May 2026.
Geotechnical and hydrogeological drilling advancing on schedule: 5 dedicated geotech holes (approximately 1,600 m) plus 12 hydrogeological holes (2 completed, 2 in progress), all expected to be finished by February 2026 to support Feasibility Study engineering design.
One additional rig mobilizing in December and more in January to the high-priority Cachimbo discovery target to initiate resource delineation drilling and test additional early-stage targets along the Romero-Cachimbo mineralized corridor.
Once the geotechnical and hydrogeological drilling is completed, GoldQuest plans to transition these drills to Romero resource expansion drilling and to test proximal targets including the Romero Gap target.
Integration of new structural, geophysical and geological datasets into machine learning (AI) targeting software now underway following completion of district-scale structural review - expected to help refine and add additional quality exploration targets for 2026.

Since the program commenced in September 2025, the Company has successfully completed five metallurgical drill holes totalling 1,906 metres (Figure 1). These holes were specifically designed to provide fresh core from the already recognized Mineral Reserves area for advanced metallurgical testing and obtain detailed geotechnical information and samples in support of the ongoing Feasibility Study.

All the first five holes have visually confirmed high-grade mineralization at the core of the Romero deposit, showing multiple mineralization events, including massive sulphides, silicification, brecciation and other favorable alteration styles. Figure 2 shows different examples at different depths and locations of the orebody. In addition, assay results for these holes will be obtained as part of the metallurgical test work program currently underway.

Figure 1: Drill Progress at Romero

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Figure 2: Selected core from 2025 drilling. a) Favorable multi-event hydrothermal alteration (Hole LTP-171 - 289 m). b) Multiple overprinting hydrothermal pulses related to Cu-Au mineralization (Hole LTP-172 - 252 m). c) Massive Cu-Au sulfide matrix breccia within tuff sequence (LTP-173 - 159.2 m). d) Hydrothermal quartz injection associated with favorable mineralization (LTP-174 - 192.3 m)

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Approximately 1,600 metres of representative core have been selected from all five holes. Sample distribution ensures full representativity of the mineralized body across the planned mining sequence and different lithological and alteration domains. The sampling protocol was based on the definition of geo-metallurgical units (GMUs) and the construction of variability and life-of-mine composites. Locked-cycle tests and variability testing on these composites is expected to provide detailed processing parameters throughout the life of the mine and enable accurate sizing of plant equipment.

The selected laboratory for this advanced testwork program is ALS Kamloops (Canada), one of the world's most respected metallurgical facilities.

First results from the locked-cycle and variability testwork are expected in March 2026, with the final metallurgical report anticipated by the end of April or early May 2026.

In parallel, three additional drill rigs continue with a geotechnical and hydrogeological drilling program at the planned plant, waste dump, tailings facility areas, and critical infrastructure (Figure 2). This campaign consists of five dedicated geotechnical holes (approximately 1,600 metres in total) and twelve hydrogeological holes (2 completed and 2 ongoing) and is on schedule for completion by February 2026. Data from these holes will support detailed engineering design for the Feasibility Study.

One additional rig is being mobilized to Cachimbo to start the exploration program during December, with the objective of delineating a Mineral Resource in this target, and drill test other early-stage targets along the mineralized belt defined between Romero and Cachimbo. One additional rig is expected to be deployed in this area by January 2026.

With the completion of an integral review of district and local structural geology, which improved the understanding of gold-copper mineralization controls, 3D structural modelling, reprocessing and reinterpreting historical geophysical datasets, we are now focused on integrating all the datasets generated into a machine learning (AI) software to assist with the targeting.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "We are very pleased with the rapid and safe progress of our 2025 program. Completing the metallurgical drilling campaign on schedule and securing representative samples from across the deposit marks an important de-risking milestone for the Romero Project. We now look forward to commencing greenfield exploration drilling at the Cachimbo target, with the first rig scheduled to start in early December and a second rig expected to be mobilized by late January 2026."

Figure 3: Drill Location and Program Detail.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this news release under NI 43-101-Standards of Disclosure for Mineral Projects.

About GoldQuest

GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. With a Board and Management Team that have previously developed a mine still operating in the country.

The Company is well funded to carry out its exploration programs and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, the mobilization of drill rigs, metallurgical testwork and the timing of results thereof, the Feasibility Study and engineering studies in support thereof, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, and the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", "objective", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Commences Trading on the OTCQX Under Symbol GDQMF newsfilecorp.com ...

LoneClone — 11/26/2025 11:19:48 AM

GoldQuest Commences Trading on the OTCQX Under Symbol GDQMF

newsfilecorp.com

November 26, 2025 7:00 AM EST | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce that its common shares have qualified for trading on the OTCQX® Best Market. Effective today, the company's common shares have commenced trading under the symbol "GDQMF". GoldQuest shares will continue to trade on the TSX Venture Exchange under the symbol "GQC".

"The start of trading on the OTCQX Best Market marks a key milestone for GoldQuest and is expected to provide greater visibility and access to U.S. investors," said Luis Santana, CEO of GoldQuest. "Joining the OTCQX platform also supports our ongoing goal of attracting a deeper pool of institutional and retail capital as we advance Romero to a feasibility study and focus on creating long-term value from our assets in the Dominican Republic."

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

For U.S. investors, current financial disclosure and Real-Time Level 2 quotes for the Company are accessible at www.otcmarkets.com.

About GoldQuest

GoldQuest Mining Corp. (TSXV: GQC) is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. With a Board and Management Team that have previously developed a mine still operating in the country.

The Company is well funded to carry out its exploration programs and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the benefits of the listing on the OTCQX, the merits of the Company's mineral properties, the Company's development plans and exploration programs for its mineral properties, the goals of the Company, and the funding of the Company. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, uncertainties related to the benefits of the listing on the OTCQX, uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Deborah Honig, Investor Relations
1 (647) 203-8793
deborah@adcap.ca

SOURCE: GoldQuest Mining Corp.

[Logain Ablar] Hi Marcos: Thank you for this link on GQC. After holding for so many years I...

Logain Ablar — 11/11/2025 5:06:12 PM

Hi Marcos:

Thank you for this link on GQC.

After holding for so many years I'm not about to sell but have been reluctant to add.

Good luck with your vision, mine is no prize but not really bad for 70. I'm borderline glaucoma so exams every 6 months but no drops yet. My father had it but I attribute that to smoking.

Lutein is the main ingredient in Areds-2.

Best.

[marcos] Bought back a few gqc friday, filled on open at 1.50 ... the great pullback we'r...

marcos — 11/11/2025 3:27:01 PM

Bought back a few gqc friday, filled on open at 1.50 ... the great pullback we're all sure is coming is at least delayed a week or so ... here's LSP's presentation in Zurich the other day, with a whole new confident demeanour -
gowebcasting.com

- also note how he says RD holders have thirty per cent now, far higher than the twenty they got from PPs, so it kinda confirms my guess about who comprised much of the recent heavy Anon buying ... and taking that a step further on pure speculation - it may mean that they're not intending to simply get bought out, but want to build and operate the mine ... or rather, mines plural, because it's the whole belt ...

'Areds 2' - never heard of it, i'll check it out ... ophthalmologist says macular degeneration will likely be in my future, but not the present or near term, what is now is glaucoma, fairly advanced but not severe, and IOP [intraocular pressure] was coming down nicely during years of various eyedrops ... until this year, when i had a harsh reaction to the combination of drops, quite harsh conjunctivitis, visually horrifying to other people, totally irritating in every way, extreme sensitivity to light which seems to persist in unpredictable waves after other symptoms have passed

One thing he did recommend in re MD was lutein ... also in re vision in general, 'lots of leafy green vegetables', said there were studies backing that up ... he's quite young, early thirties at most, exudes a calm competence, very bright lad

[Logain Ablar] Hi LC and Marcos: Not on topic but I started taking Areds 2 a couple of years a...

Logain Ablar — 11/7/2025 8:44:51 AM

Hi LC and Marcos:

Not on topic but I started taking Areds 2 a couple of years ago as it has shown benefits in slowing down muscular degeneration.

[LoneClone] Tim Barry and compadre's main focus these days is in Kazakhstan, with Arras Mine...

LoneClone — 11/5/2025 5:42:00 PM

Tim Barry and compadre's main focus these days is in Kazakhstan, with Arras Minerals. I have done very well with that one.

I sumpauhize with the vision issues, as I am dealing with my own version thereof. I use a magnifying glass a lot these days and have had to give up driving.

Hang in there, old friend. You words are valued by many. Maybe write them on another app with a better background and then cut and paste?

LC

[marcos] Did i jinx GoldQuest? ... posted happy rah-rah sentiment and then wham, hard dow...

marcos — 11/5/2025 1:04:58 PM

Did i jinx GoldQuest? ... posted happy rah-rah sentiment and then wham, hard down two sessions ... looks healthy enough though, can't just go straight up without pullbacks

svb.to - no i lost track of svb a long time ago, can't recall when even, or much detail about it ... three years maybe? .. i see on the latest release Tim Barry is still CEO, and the bloqueo, the main detail, is the same ... from the very start with Metalline i knew the smart thing to do was to go to Sierra Mojada as a tourist and get a general feel for the situation, but never did

If you get a chance to talk to people from San Luis Potosí, ask them what they think of canadian miners ... but first brace yourself for the reaction, which is caused by what happened to Cerro de San Pedro, a hill that got wiped completely off the map by New Gold and a string of predecessor outfits, and pretty much ruined a small town with hundreds of years of history ... a story very well known all over the country, doesn't do us any good

Most of my recent additions have been in BC, Quebec, one in Nevada, and now two because mai.v is there ... no new mexican buys, still holding ktn.v and probably others ... i'll post on your juniors thread when possible, it's a bit hard, been having vision problems, sites without dark theme are hard to take

[LoneClone] Nice to hear from you, maecos. I still haven't sold any of my GQC, perhaps next ...

LoneClone — 11/4/2025 5:50:25 PM

Nice to hear from you, maecos. I still haven't sold any of my GQC, perhaps next year after the PM correction.

Hey, have you been following the goings-on at SVB? They are close to an arbitration award against Mexico for what has happened at Sierra Mojada.

LC

[marcos] This was what showed up the turning point, when "prominent members" of local bus...

marcos — 11/3/2025 12:09:48 AM

This was what showed up the turning point, when "prominent members" of local business take down 8.7 million worth of 19 cent shares. There were indications before, but nothing so sure, this was the clincher, hope people here noticed and took advantage

I've dribbled bits out, then a slice friday in the 1.80s, but still holding most ... Anon has been on a tear, quite chunky buying, not afraid to pay up, almost like there's some sort of plan, there's no way to tell how many players that is but it's clearly buyers of size taking shares from retail, in large part anyway

They're drilling now, some met holes and some stepout, but it's more than that ... this is no greenfield explorer, they've got a rich mine drilled off and ready, with highly prospective targets all over, we've known that for years ... what's different is the size and urgency of buying, looks like it's got legs yet ...

[LoneClone] GoldQuest Engages DS Market Solutions Inc. for Market-Making Services ca.finan...

LoneClone — 10/16/2025 3:25:17 PM

GoldQuest Engages DS Market Solutions Inc. for Market-Making Services

ca.finance.yahoo.com

Newsfile
Thu, October 16, 2025 at 4:00 a.m. PDT 5 min read

GDQMF
-2.04%

GQC.V
-2.86%

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce that it has retained DS Market Solutions Inc. ("DS Market") to provide equity trading advisory and liquidity provider services in accordance with TSXV policies and applicable securities law.

DS Market will trade the securities of the Company on the TSXV for the purpose of maintaining an orderly market. In consideration of the services provided by DS Market, the Company will pay DS Market a monthly fee of C$6,000 from the Company's available cash for a minimum term of one month and renewable for successive one-month terms thereafter. Either party may terminate the arrangement by providing written notice to that effect 30 days prior to the end of the then current term.

The Company and DS Market are unrelated and unaffiliated entities and DS Market has no interest, directly or indirectly in the Company or its securities. DS Market will not receive shares or options as compensation, nor have they indicated any immediate intent to acquire shares of the Company through the open market or otherwise. The capital used for market making will be provided by DS Market.

About DS Market

DS Market is an equity trading advisor to issuers looking to enhance liquidity in their public traded securities. DS Market was incorporated in Mississauga, Ontario in April 2024 and the offices of DS Market are located in Mississauga, Ontario. Mr. David Sears is the sole owner of DS Market and will be providing the services on behalf of DS Market. DS Market's contact is davidsears@dsmarketsolutions.com.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W and with significant shareholder participation from Dominican Investors.

The Company is well funded to carry out its exploration programs and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the services to be provided by DS Market, the benefits of the services to be provided by DS Market, the merits of the Company's mineral properties, the Company's development plans and exploration programs for its mineral properties, and the funding of the Company. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, uncertainties related to the services to be provided by DS Market, uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Deborah Honig, Investor Relations
1 (647) 203-8793
deborah@adcap.ca

[LoneClone] GoldQuest Commences 2025 Drilling Program at Romero Gold-Copper Project, Domini...

LoneClone — 10/9/2025 2:17:29 PM

GoldQuest Commences 2025 Drilling Program at Romero Gold-Copper Project, Dominican Republic

newsfilecorp.com

October 09, 2025 7:00 AM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the commencement of its 2025 drilling campaign at the Romero Gold-Copper Project, located in the Dominican Republic.

This program marks the first drilling completed at Romero since 2018 and represents an important step forward in advancing the Company's strategy to both develop the Romero Mineral Resource and test high-priority greenfield targets across the Tireo Belt (Figure 1).

Figure 1: Exploration Targets at the Tireo Project

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

GoldQuest is currently drilling hole LTP-171 (Figure 2), which has reached a depth of 220 metres, focused on metallurgical testwork to support the Romero development studies. A second drill rig, already mobilized, will commence further metallurgical drill holes later this week. The Company also plans to mobilize a third drill rig to the Cachimbo target to begin a 5,000-metre greenfield exploration program in early November, aimed at expanding gold-copper resource potential within the belt.

Figure 2: 2025 Metallurgical Drilling

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

Recent technical work has included a comprehensive review of district and local structural geology, which enhances the understanding of gold-copper mineralization controls and informs ongoing 3D structural modelling. GoldQuest has also been working with a senior geophysicist to reprocess and reinterpret historical geophysical datasets, improving the targeting of both brownfield and greenfield prospects.

Status of key technical activities:

Target	Task	Completion %	Comments
Romero	Structural Analysis	100%	Relogging and mapping completed; supports resource update and metallurgical test planning.
Romero	Geophysics	75%	Downhole magnetic data assessment complete; additional ground magnetic lines scheduled; 3D inversion model in progress.
Cachimbo	Geological Model	100%	Geological reinterpretation completed; 3D model under development to guide drill hole design.
Greenfields	Mapping and Trenching	50%	62 trenches completed; assays confirm gold mineralization in surface zones; further trenching ongoing.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "With drilling now underway at Romero, we are executing on both our development and exploration objectives for the year. Our team's recent work has strengthened our geological understanding and refined our gold-copper exploration targeting across the Tireo Belt. These programs are designed to de-risk the project and build shareholder value as we continue advancing Romero and unlock additional discovery potential in the region."

Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this press release under NI 43-101-Standards of Disclosure for Mineral Properties.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W and over 20% ownership by local Dominican investors. The Company is well funded to carry out the exploration programs reported on in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, and the allocation of funds for the BFS and the 2025 Program. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Engages Sedgman and SRK for Romero Bankable Feasibility Study newsfil...

LoneClone — 8/26/2025 12:18:46 PM

GoldQuest Engages Sedgman and SRK for Romero Bankable Feasibility Study

newsfilecorp.com

August 26, 2025 7:00 AM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - August 26, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the awarding of the Bankable Feasibility Study ("BFS") for its 100%-owned Romero gold-copper project in the Dominican Republic to Sedgman Canada Ltd. ("Sedgman"), in partnership with SRK Consulting (Canada) Inc. ("SRK").

Sedgman will lead the BFS and assume overall responsibility for managing and integrating the study, coordinating key inputs from GoldQuest, SRK, and other third-party consulting groups. The study will be completed in accordance with National Instrument 43-101 regulatory standards. This collaborative and structured approach is designed to streamline communication between various consulting groups and GoldQuest technical management, define clear roles, and support efficient decision-making as the project progresses toward development.

"We're pleased to be working with Sedgman and SRK, two globally respected firms, to advance Romero through a well-defined, efficient and high-quality feasibility process," said Luis Santana, CEO of GoldQuest. "This announcement marks an important milestone as we move the project forward with technical expertise and a focus on long-term value creation."

The Romero Project, located in the San Juan Province, is one of the most advanced high-grade undeveloped gold-copper projects in the Caribbean and holds the potential to become a significant contributor to the region's economy.

Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this press release under NI 43-101-Standards of Disclosure for Mineral Properties.

About Sedgman Canada Ltd.

Sedgman Canada Limited is a wholly owned subsidiary company of Sedgman Pty Limited, a CIMIC Group company. Sedgman is a leading provider of integrated minerals processing solutions. The company's 250-strong portfolio of high-performing processing plants and supporting mine-site infrastructure showcases the value of its specialist focus.

About SRK Consulting (Canada) Inc.

SRK Consulting is an independent, international consulting practice providing focused advice and solutions to the earth and water resource industries. They offer specialist services in fields such as due diligence, feasibility studies, permitting, operation optimization, mine waste and water management, and mine closure. They have been involved in a wide range of projects in most areas of the world and across the full spectrum of mineral commodities. Formed in 1974, SRK employs more than 1,600 professionals in over 44 offices on 6 continents, and has completed more than 30,000 projects worldwide.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported on in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

Luis Santana
Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, and the allocation of funds for the BFS and the 2025 Program. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Deborah Honig, Investor Relations
1 (647) 203-8793
deborah@adcap.ca

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Commences ESIA for Romero Project and Engages Adelaide Capital for Inv...

LoneClone — 8/15/2025 3:03:09 PM

GoldQuest Commences ESIA for Romero Project and Engages Adelaide Capital for Investor Relations

August 15, 2025 7:00 AM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - August 15, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the formal commencement of the Environmental and Social Impact Assessment ("ESIA") for its 100%-owned Romero gold-copper project in the Dominican Republic.

In July 2025, GoldQuest conducted seven community meetings across the project area and related surrounding communities close to Romero, with approximately 400 local residents participating. These sessions provided a transparent and inclusive forum to share project information, listen to community concerns, and gather early input to inform the assessment process.

The ESIA work plan has been developed in alignment with the Terms of Reference (ToR) issued by the Ministry of Environment and Natural Resources (MIMARENA) of the Dominican Republic. To support future access to international financing and uphold best practices, the ESIA is also being designed to meet internationally recognized standards, including the IFC Performance Standards, the Equator Principles, and guidelines from the International Council on Mining and Metals (ICMM).

This robust approach contributes to the advancement of several United Nations Sustainable Development Goals (SDGs), including SDG 6 (Clean Water and Sanitation), SDG 8 (Decent Work and Economic Growth), SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action), and SDG 15 (Life on Land).

"The launch of the ESIA marks a fundamental milestone for Romero," said Luis Santana, CEO of GoldQuest. "By aligning with both national and international frameworks, and by engaging meaningfully with our local communities from the outset, we are laying the groundwork for a transparent and sustainable development path."

Investor Relations Partnership

GoldQuest also announces that it has partnered with Adelaide Capital ("Adelaide"), a leading investor relations and capital markets advisory firm, to provide investor relations and consulting services to the Company.

Adelaide is a full-service investor relations firm that brings a unique and powerful perspective and a re-engineered investor relations business model. Adelaide will work closely with GoldQuest to develop and deploy a comprehensive capital markets program, which includes assisting with non-deal roadshows, virtual campaigns, social media, conferences and assisting with investor communication. In exchange for Adelaide's services, and pursuant to an investor relations consulting agreement (the "IRA"), the Company has agreed to pay a monthly fee of C$10,000 for a six-month term in addition to the grant of 50,000 stock options (the "Options") to Adelaide under the Company's omnibus incentive plan (the "Plan"). Subject to the policies of the TSX Venture Exchange (the "Exchange") and the terms and conditions of the Plan, the Options will have an exercise price of C$0.72 and shall expire five years from the date of issuance and shall vest in four equal proportions every three months after the grant date for a period of 12 months. The IRA is subject to approval by the Exchange. Adelaide is principally owned by Deborah Honig and is an arm's length company based in Toronto, Ontario. Adelaide is a full-service investor relations and social media firm that specializes in small-cap growth companies. As of the date hereof, Adelaide does not have any interest, directly or indirectly, in the Company or its securities.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported on in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

Luis Santana
Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the ESIA, the merits of the Company's Romero Project, the funding of the Company, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, the services to be provided by Adelaide, and the approval of the IRA by the Exchange. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the design and completion of the ESIA; risks related to the Exchange approval of the IRA and the services to be provided pursuant to the IRA; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Deborah Honig, Investor Relations
1 (647) 203-8793
deborah@adcap.ca

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Announces Progress on 2025 Exploration Program in the Dominican Republ...

LoneClone — 7/24/2025 12:47:51 PM

GoldQuest Announces Progress on 2025 Exploration Program in the Dominican Republic

newsfilecorp.com

July 24, 2025 9:00 AM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the first progress on its 2025 Exploration Program.

The Company continues to advance its dual-track strategy: the development of the Romero Project and a renewed focus on regional exploration within the Tireo Belt. Over the spring months, GoldQuest's Exploration team carried out an extensive program of trenching and channel sampling across Greenfield targets in the belt.

These efforts are aimed at narrowing down high-priority drill targets for a planned drill campaign of at least 5,000 metres, expected to commence in Q3 2025. This marks an important milestone for the Company, as it will be the first drilling since the 2018 campaign.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "As we move forward with the Romero Project following the receipt of our Terms of Reference, we're equally focused on unlocking the broader potential of the Tireo Belt. Our Exploration team has been working diligently, and we're now beginning to see results that will guide our upcoming drill program. These efforts are key to creating long-term shareholder value while continuing to advance Romero."

GoldQuest has also contracted a specialist in structural geology to assist with the structural modelling of the projects and has a senior geophysicist reprocessing existing down-hole magnetic susceptibility data together with the raw data from the ground magnetic surveys. The GQC Exploration team has now implemented a modern, cloud-based database platform (MX Deposit) to organize the existing geological information, add new data and make it easily available for its analysis.

All this work is expected to culminate in a robust, integrated geological model to assist with targeting and drilling planned to start during Q3, 2025.

Target	Task	Completion	Comments
Romero	Structural Analysis	25%	Relogging and mapping to improve current understanding of the Romero Mineral Resource area to unlock its full potential.
Romero	Geophysics	15%	Completed an assessment on the downhole magnetic susceptibility data. Additional lines to improve ground magnetic resolutions are planned to start on Q3. A full 3D inversion model to be generated as final product.
Cachimbo	Geological Model	75%	Full relog completed, ongoing cross sections and longitudinal sections interpretations. 3D geological model expected by early Q3, allowing to improve geological concepts, mineralization and drill planning.
Greenfields	Mapping and Trenching	50%	62 trenches in 3 targets completed (Los Mineros, Cañada La Vaca, Los Gauchos). Results from first two batches confirms initial finding of gold mineralization at surface, opening potential for higher grades at depth.

At Cañada La Vaca and Los Ganchos, results highlight a NW trending corridor of +4 km with gold mineralization at surface (consistent values >1 g/t in rock chips and trenches), robust soil anomalies (Au+Ag+Cu) and IP chargeability anomalies. Adding in results from the Cachimbo area, this trend extends to a +7.5Km trend as shown on the Figure 1 map below.

Figure 1.

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

GoldQuest is entering an exciting new phase of growth and development. After years of dedicated work in community engagement and constructive dialogue with government authorities, the company is now poised to advance the full potential of its highly prospective land package. With the recent receipt of the Terms of Reference for the Environmental and Social Impact Assessment (ESIA) of the Romero Project, GoldQuest is thrilled to move forward with the environmental studies at Romero and to resume exploration activities across the broader Tireo Belt, including the highly promising Cachimbo area.

Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this press release under NI 43-101-Standards of Disclosure for Mineral Properties.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported on in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

Luis Santana
Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, and the allocation of funds for the BFS and the 2025 Program. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Daniel G. McIntyre, Investor Relations
1 (604) 488-9818
dmcIntyre@goldquestcorp.com

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Closes Final Tranche of Private Placement for Total Gross Proceeds of ...

LoneClone — 7/9/2025 12:18:30 PM

GoldQuest Closes Final Tranche of Private Placement for Total Gross Proceeds of C$16.2 Million

newsfilecorp.com

July 09, 2025 9:00 AM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - GoldQuest Mining Corp. (TSXV: GQC) "GoldQuest" or the "Company") is pleased to announce the closing of the second and final tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement") of common shares in the capital of the Company (the "Common Shares"), originally announced on May 14, 2025. The first tranche of the Private Placement (the "First Tranche") closed on June 2, 2025.

Under the Second Tranche, the Company issued 10,972,222 Common Shares at a price of C$0.50 per share to Guess Investments Ltd. (the "Investor"), an existing shareholder and insider of the Company, for gross proceeds of C$5,486,111.

Guess Investments Ltd. is owned and controlled by a group of Dominican nationals, highlighting the strong and growing support from local investors for GoldQuest's projects in the Dominican Republic.

Combined with the First Tranche, the Company issued a total of 32,423,099 Common Shares under the Private Placement, for gross proceeds of C$16,211,549.50. GoldQuest will now have C$28 million in the Treasury.

No finder's fees were paid in connection with the Second Tranche. The Private Placement remains subject to final acceptance of the TSX Venture Exchange (the "TSX-V"). All securities issued under the Private Placement are subject to a statutory hold period of four months, in accordance with applicable Canadian securities laws.

Upon closing the Second Tranche, the Company entered into an investor rights agreement with the Investor, which among other things, grants customary participation rights and top-up rights to allow the Investor to maintain its interest in GoldQuest, and provides the right for the Investor to nominate, at its election, up to two individuals to the Company's board of directors, while the Investor holds at least a 7.5% interest (for the first nomination right) or a 15% interest (for the second nomination right), in the Company. Following closing of the Second Tranche, the Investor owns 12.44% of the issued and outstanding Common Shares on a non-diluted basis. The first nominee of the Investor is Mr. Charles Reid, a current director on the Company's board of directors.

Use of Proceeds

The net proceeds from the Private Placement will be used to advance GoldQuest's key strategic and development initiatives, including:

Completion of the Environmental and Social Impact Assessment (ESIA) at Romero.
Finalization of the Bankable Feasibility Study (BFS) for the Romero Project.
Mineral Exploration at the Tireo Belt.
General Corporate Purposes.

Insider Participation and MI 61-101 Disclosure

Insiders of the Company acquired an aggregate of 1,242,000 Common Shares (C$621,000) under the First Tranche and acquired an additional 10,972,222 Common Shares (C$5,486,111) under the Second Tranche. Such insider participation constitutes a "related party transaction" as defined under TSX-V Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").

The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities to be acquired by insiders, nor the consideration paid by them, exceeds 25% of the Company's Market Capitalization.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian-based mineral exploration and development company with projects in the Dominican Republic. The Company is focused on advancing the Romero gold-copper project and exploring the Tireo Formation, a district known for its rich mineral potential. GoldQuest is listed on the TSXV under the symbol GQC.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the receipt of TSX-V approval, the use of proceeds of funds raised under the Private Placement, and the Company's focus on advancing the Romero gold-copper project and exploring the Tireo Formation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to related to the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Daniel G. McIntyre, Investor Relations
1 (604) 488-9818
dmcIntyre@goldquestcorp.com

Toll Free at 1 (866) 218-6894

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Receives Environmental Terms of Reference for Flagship Romero Project ...

LoneClone — 6/12/2025 12:13:19 PM

GoldQuest Receives Environmental Terms of Reference for Flagship Romero Project in the Dominican Republic

newsfilecorp.com

June 11, 2025 4:45 PM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce that it has received today from the Ministry of Environment and Natural Resources of the Dominican Republic the official Terms of Reference ("ToR") for the Company's Romero gold-copper-silver project (the "Romero Project").

This marks a significant milestone, initiating the final phase of the Environmental Impact Assessment ("EIA") process required to obtain an environmental license for the future development of the proposed underground mine.

Luis Santana, CEO of GoldQuest, commented:

"Receiving the Terms of Reference is a pivotal step in the responsible development of our Romero Project. This document confirms the project's Category A classification under environmental law and allows us to formally launch a comprehensive environmental study. Its issuance is a clear recognition of the project's quality and the Dominican government's commitment to advancing Romero."

GoldQuest is also pleased to announce that AECOM, a globally recognized environmental consulting firm, has been selected to lead the EIA process for the Romero Project. AECOM's global experience and track record align with GoldQuest's commitment to exceed local environmental and social requirements by applying international best practices.

In addition to AECOM, GoldQuest will engage a multidisciplinary team of licensed Dominican environmental professionals to support the preparation of the EIA in accordance with the issued ToR.

Frank Balint, Chairman of GoldQuest, added:

"We believe Romero has the potential to become a model modern mining operation in the Dominican Republic, delivering substantial economic benefits to local communities and the country, while protecting the environment through best-in-class practices."

The Romero Project, located in San Juan Province, is a proposed underground mine designed to produce a copper concentrate containing gold and silver, using conventional processing methods. The project will incorporate state-of-the-art technology in both its mining and processing facilities to ensure operational efficiency, safety, and environmental performance. The Romero Project also includes an extensive infrastructure plan, encompassing the development of an access road, a processing plant, a filtered tailings storage facility, and a 69 kV power line connection to the national grid.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the EIA process; the Company's plans to engage professionals to support the EIA process; the completion of a comprehensive environmental study by the Company; the Company's ability to obtain an environmental licence for the development of the Romero Project; the development of the Romero Project, as well as economic benefits and details related thereto; the merits of the Romero Project; the Company's plans, studies and programs for its mineral properties, including the timing of such plans, studies and programs; and the Company's belief that Dominican Republic authorities will support the development of the Romero Project. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the EIA process; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration and development; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Daniel G. McIntyre, Investor Relations
1 (604) 488-9818
dmcIntyre@goldquestcorp.com

SOURCE: GoldQuest Mining Corp.

[LoneClone] Unfortunately it seems I can't open an old spreadsheet anymore, so I will have t...

LoneClone — 6/11/2025 3:02:03 PM

Unfortunately it seems I can't open an old spreadsheet anymore, so I will have to estimate that my first GQC purchases date back to around 2009.

Now, what new is coming? I doubt they would have halted just to announce the PP had closed.

LC

[Logain Ablar] I had to go check my purchases are from 2017.

Logain Ablar — 6/11/2025 1:49:56 PM

[LoneClone] Halted for news

LoneClone — 6/11/2025 12:31:10 PM

[LoneClone] GoldQuest Upsizes Private Placement to C$16.2 Million and Closes First Tranche ...

LoneClone — 6/3/2025 1:28:17 PM

GoldQuest Upsizes Private Placement to C$16.2 Million and Closes First Tranche

newsfilecorp.com

June 02, 2025 4:30 PM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the closing of the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Private Placement") of common shares in the capital of the Company (the "Common Shares"), originally announced on May 14, 2025.

In response to strong investor demand, the Private Placement has been increased to a maximum of 32,352,877 Common Shares at a price of C$0.50 per Common Share, for total gross proceeds of up to C$16,176,439.

Under the First Tranche, the Company issued a total of 21,450,877 Common Shares at a price of C$0.50 per Common Share, raising gross proceeds of C$10,725,438.50.

Approximately 82% of the funds raised in the First Tranche were contributed by investors based in the Dominican Republic, reflecting strong national support for the Company's projects and its commitment to local development. The entire Second Tranche will also be funded by Dominican capital.

Demand from Dominican investors was exceptionally strong, resulting in an oversubscription of the offering and requiring the Company to limit allocations and defer participation from a number of interested investors. This level of demand underscores the confidence and momentum behind GoldQuest's strategy and the Romero Project.

Insider participation in the First Tranche includes investments by three members of the Board of Directors, including the Company's CEO, demonstrating strong confidence in the Company's strategy, leadership, and the advancement of the Romero Project.

In connection with the First Tranche, the Company paid a cash finder's fee of approximately C$203,275 to Paola Cornielle, an arm's length party.

The Private Placement remains subject to final acceptance of the TSX Venture Exchange (the "TSX-V"). All Common Shares issued pursuant to the Private Placement are subject to a four-month statutory hold period under applicable Canadian securities laws.

Use of Proceeds

The net proceeds of the Private Placement will be used to fund the following initiatives:

Completion of the Environmental and Social Impact Assessment (ESIA) at Romero.
Finalization of the Bankable Feasibility Study (BFS) for the Romero Project.
Mineral Exploration at the Tireo Belt.
General Corporate Purposes.

Second Tranche

The Company has entered into a subscription agreement with Guess Investments Ltd. (the "Investor"), an existing shareholder and insider of the Company, for the purchase of the remaining 10,902,000 Common Shares under the Private Placement at a price of C$0.50 per Common Share, for additional gross proceeds of C$5,451,000 (the "Second Tranche").

Closing of the Second Tranche is subject to TSX-V approval, including the satisfactory completion of certain Personal Information Forms required to be submitted by the Investor.

Insider Participation and MI 61-101 Disclosure

Insiders of the Company acquired an aggregate of 1,242,000 Common Shares (C$621,000) under the First Tranche and are expected to acquire an additional 10,902,000 Common Shares (C$5,451,000) under the Second Tranche. Such insider participation constitutes a "related party transaction" as defined under TSX-V Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").

The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities to be acquired by insiders, nor the consideration paid by them, exceeds 25% of the Company's Market Capitalization.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian-based mineral exploration and development company with projects in the Dominican Republic. The Company is focused on advancing the Romero gold-copper project and exploring the Tireo Formation, a district known for its rich mineral potential. GoldQuest is listed on the TSX-V under the symbol GQC.

Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the closing of the Second Tranche, including receipt of TSX-V approval and the subscription from the Investor, the use of proceeds of funds raised under the Private Placement, and the Company's focus on advancing the Romero gold-copper project and exploring the Tireo Formation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to related to the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:
Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Daniel G. McIntyre, Investor Relations
1 (604) 488-9818
dmcIntyre@goldquestcorp.com
Toll Free at 1 (866) 218-6894

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Announces Up to C $15 Million Private Placement newsfilecorp.com M...

LoneClone — 5/14/2025 12:16:48 PM

GoldQuest Announces Up to C $15 Million Private Placement

newsfilecorp.com

May 14, 2025 9:00 AM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce that it intends to offer, on a non-brokered private placement basis, up to 30 million common shares in the capital of the Company (the "Common Shares") at a price of $0.50 per Common Share, for aggregate gross proceeds to the Company of up to $15 million (the "Private Placement"). There is no minimum offering amount.

It is anticipated that the Private Placement will close on or before May 30th, 2025, and the Private Placement is subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV").

The Company expects to use the proceeds of the Private Placement for:

Completion of the Environmental and Social Impact Assessment (ESIA)
Finalization of the Bankable Feasibility Study (BFS)
Mineral Exploration at the Tireo Belt
General Corporate Purposes

It is anticipated that certain insiders of GoldQuest will subscribe for Common Shares in the Private Placement. The issuances of Common Shares will be considered related party transactions within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101 in respect of such insider participation.

Common Shares issued under the Private Placement will be subject to a four-month statutory hold period, in accordance with applicable Canadian securities laws.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian-based mineral exploration and development company focused on the Dominican Republic. The Company's flagship asset is the Romero gold-copper project, located within the highly prospective Tireo Formation. In addition to advancing Romero, GoldQuest continues to explore the broader Tireo Belt for new discoveries. The Company is listed on the TSX Venture Exchange under the symbol "GQC".

Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the offering price and closing date of the Private Placement, the use of proceeds of funds raised under the Private Placement, expected insider participation in the Private Placement, and the Company's focus on advancing the Romero gold-copper project and exploring the Tireo Formation. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to related to the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Daniel G. McIntyre, Investor Relations
1 (778) 200-6350
dmcIntyre@goldquestcorp.com

Toll Free at 1 (866) 218-6894

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Announces Board Shuffle, Frank Balint Cycles into Chairman Role new...

LoneClone — 4/29/2025 12:52:19 PM

GoldQuest Announces Board Shuffle, Frank Balint Cycles into Chairman Role

newsfilecorp.com

April 29, 2025 9:00 AM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") today announced that after more than fifteen years of distinguished service, Bill Fisher, the Company's Chairman of Board of Director, will be transitioning out of the Chairmans role but will continue as member of the Board. Current Board member, Frank Balint, will take over the Chairman role in his place. The Company's Board of Directors appointed Mr. Balint as Chairman of GoldQuest Mining effective April 28, 2025.

GoldQuest would like to thank Bill for his longtime stewardship as Chairman going back to 2010 and will continue to rely on his expertise and direction complementing the Board going forward.

Luis Santana, CEO of GoldQuest said, "Bill's leadership has been critical to GoldQuest's endurance and success, and we thank him for his unwavering commitment as Chairman."

During his tenure as Chairman, Mr. Fisher successfully guided the Company through multiple gold discoveries, extensive permitting activities, significant growth and development. His leadership has been instrumental in advancing the Company's flagship projects, expanding its gold resources, and building significant value for shareholders.

Frank has been on the Board of GoldQuest since 2013 and is a seasoned mining executive with over 40 years of broad ranging experience in the mining industry. Mr. Balint has been involved in all aspects of the mining life cycle from exploration, discovery, delineation and estimation of reserves, feasibility, financing, acquisition, development and closure. Mr. Balint possesses strong technical skills backed up by solid financial experience that has resulted in a strong exploration and acquisition track record. As a senior member of the executive team at Inmet for nearly 20 years, he has had significant involvement with shaping, communicating, winning board support and executing a successful corporate strategy that saw Inmet grow from a market cap of less than $200 million to over $5 billion when it was purchased by First Quantum in March of 2013. Mr. Balint was also a former director of Wolfden Resources Inc., a TSX listed company which was sold to Zinifex in 2007 for $363 million.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Frank Balint"

Chairman of the Board

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-Looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, and the allocation of funds for the BFS and the 2025 Program. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-Looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-Looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Daniel G. McIntyre, Investor Relations
1 (778) 200-6350
dmcIntyre@goldquestcorp.com

Toll Free at 1 (866) 218-6894

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Commences 2025 Exploration Program with 5,000 Meters of Drill Campaig...

LoneClone — 4/23/2025 11:24:27 AM

GoldQuest Commences 2025 Exploration Program with 5,000 Meters of Drill Campaign

newsfilecorp.com

April 23, 2025 9:00 AM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 23, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased announce its 2025 Exploration Program (the "2025 Program") is now underway. This comprehensive initiative includes extensive ground exploration and an initial Phase 1 drill campaign of up to 5,000 metres.

Exploration activities have commenced at the Los Ganchos and Cañada La Vaca targets, within the Company's prioritized exploration corridor (see Figure 1). The program includes detailed surface mapping, rock and soil sampling, and trenching to refine high-potential drill targets.

"This campaign builds on our proven discovery track record in the Tireo Belt," stated Luis Santana, CEO. "With this drilling program we are eager to unlock the next generation of gold-copper VMS deposits while advancing Romero toward development."

Leandro Sastre, VP Exploration, added: "Returning to the Tireo Belt energizes the whole team. This phase of detailed mapping, trenching and sampling will refine our targeting and set the stage for the upcoming 5,000-metre drill program."

2025 Program highlights:

Five drill-ready VMS targets: Los Ganchos, Cañada La Vaca, Los Mineros, Cachimbo SE, Cachimbo NW.
50-km district-scale trend anchored by existing Romero and Romero South resources.
Fully funded exploration budget from GoldQuest's ~$15 million treasury.
Phase 1 designed to deliver near-term, high-impact results ahead of the Romero Bankable Feasibility Study.

The 2025 Program will evaluate multiple new VMS targets and conduct follow-up drilling on previously identified significant intersections at Los Ganchos, Canada La Vaca, Los Mineros, Cachimbo SE and Cachimbo NW. The Tireo Formation continues to demonstrate exceptional potential for additional VMS discoveries, comparable to internationally recognized belts.

Figure 1: Tireo Belt Area with Significant Drilling Intercepts

To view an enhanced version of this graphic, please visit:
images.newsfilecorp.com

During the last few years, GoldQuest's geological team in the Dominican Republic has continued low-cost surface work and exploration of which the results are instrumental for our new drilling initiatives. Of the following targets, only Romero and Romero South have published resources, with all other targets representing additional VMS opportunities. The Romero project has an indicated resource of 20 million tonnes at 3.48 g/t gold equivalent.

Name	Distance from Romero (km)	Significant Drilling Intersections	Press Release Date
Romero		235m. @ 7.9 g/t Au & 1.4% Cu	August 27, 2012
Romero South	2	53m. @ 3.02 g/t Au	July 6, 2010
Imperial	4.4	13.8m. @ 0.92 g/t Au	March 31, 2015
Cachimbo	20	20.96m. @ 7.86 g/t Au	October 17, 2017
Jengibre	25	22 m @ 1.97 g/t Au	August 5, 2009

Strong Financial Position

As of 31 December 2024, GoldQuest maintains a cash position of $15 million, and has allocated a budget to fund its 2025 Exploration Program. Additional funds are earmarked for Environmental and Bankable Feasibility Study ("BFS") work at Romero, which also includes additional drilling at Romero. The Pre-Feasibility Study published in 2016 revealed an after tax NPV (5%) of US$203 million, and an after-tax IRR of 28%, based on a gold price of US$1,300/oz and US$2.50/lb copper. The BFS will incorporate updated metal price and cost assumptions.

Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this press release under NI 43-101-Standards of Disclosure for Mineral Properties.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported on in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, and the allocation of funds for the BFS and the 2025 Program. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Daniel G. McIntyre, Investor Relations
1 (604) 488-9818
dmcIntyre@goldquestcorp.com

Toll Free at 1 (866) 218-6894

SOURCE: GoldQuest Mining Corp.

[LoneClone] GoldQuest Accelerates Growth Strategy with Appointment of New VP of Exploration...

LoneClone — 4/8/2025 12:41:48 PM

GoldQuest Accelerates Growth Strategy with Appointment of New VP of Exploration

newsfilecorp.com

April 08, 2025 9:00 AM EDT | Source: GoldQuest Mining Corp.

Vancouver, British Columbia--(Newsfile Corp. - April 8, 2025) - GoldQuest Mining Corp. (TSXV: GQC) is pleased to announce the appointment of Leandro Sastre as Vice President of Exploration. Leandro brings extensive expertise in mineral exploration, with a deep understanding of the geology of the Dominican Republic, making him a valuable addition to the GoldQuest leadership team.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "We are thrilled to welcome Leandro to GoldQuest. His extensive international experience, particularly in the Dominican Republic, will be instrumental in advancing our exploration strategy this year and beyond. Leandro's background with Barrick Gold and other major mining projects will significantly enhance our progress at Romero and guide the 2025 exploration program in the Tireo Belt."

Leandro Sastre is a highly accomplished geologist with 23 years of experience in the international mining sector. He has successfully led exploration teams across Latin America, including in the Dominican Republic, Argentina, Chile, Peru, and Guyana, working on projects spanning all stages of development.

Most recently, Leandro served as Vice President of Exploration for Latin America and the Asia-Pacific region at Barrick Gold Corporation, where he oversaw exploration activities across multiple continents, including three world-class mines and several early-stage projects. His previous roles include Mineral Resource and Technical Services Manager at Barrick's Veladero Mine, Geology Manager, and Senior Geologist at Austral Gold Limited, among other key leadership positions.

Leandro holds a Bachelor of Science in Geology from the National University of Salta, Argentina, a Graduate Degree in Mineral Economics from the University of Chile and completed the Management Development Program at the University of Miami, USA. He is a Qualified Person (QP) under CIM guidelines and a Competent Person under the JORC Code. He is also a Fellow of the Society of Economic Geologists) and a member of the Australian Institute of Geoscientists.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, and the expected contributions of Leandro Sastre as Vice President of Exploration. In certain cases, forward-looking statements can be identified by the use of words such as "plans", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com
Daniel G. McIntyre, Investor Relations
1 (604) 488-9818
dmcIntyre@goldquestcorp.com

Toll Free at 1 (866) 218-6894

SOURCE: GoldQuest Mining Corp.

[LoneClone] I bought one batch, sold for a big profit, maybe around 2009, another that is br...

LoneClone — 4/2/2025 3:01:05 PM

I bought one batch, sold for a big profit, maybe around 2009, another that is break even I bought a few years later, and another batch bought maybe 6-8 years ago that is now between a 4-bagger and a 5-bagger.

I was a little worried this morning that the run was over, but you have to expect some retracements in a run like this. We see what happens after The Chump tells us exactly how badly he is going to trash the markets with tariffs this afternoon.

Still hoping for another run to a lonnie.

LC

[Logain Ablar] Hi LC: When I posted to you my Yahoo feed had maybe 30,000 shares on the Toront...

Logain Ablar — 4/2/2025 8:00:46 AM

Hi LC:

When I posted to you my Yahoo feed had maybe 30,000 shares on the Toronto exchange but later my U.S. over the counter showed over 500,000 shares so there was volume yesterday.

I have to go back and see when I purchased my shares.

[LoneClone] That is my main worry, but GQC fell so far off the radar few even remember they ...

LoneClone — 4/1/2025 5:00:56 PM

That is my main worry, but GQC fell so far off the radar few even remember they exist.

LC

[Logain Ablar] :) Pretty low volume.

Logain Ablar — 4/1/2025 2:17:18 PM

[LoneClone] I hope at least a few of you long timers are enjoying this move as much as I am....

LoneClone — 4/1/2025 12:12:52 PM

I hope at least a few of you long timers are enjoying this move as much as I am. Could GQC make it back to a loonie?

LC

[LoneClone] GoldQuest Grants Stock Options; Appoints Investor Relations Consultant globen...

LoneClone — 2/13/2025 3:25:16 PM

GoldQuest Grants Stock Options; Appoints Investor Relations Consultant

globenewswire.com

February 12, 2025 19:44 ET | Source: GoldQuest Mining Corp.

VANCOUVER, British Columbia, Feb. 12, 2025 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC), “GoldQuest” or the “Company”) announces that the board of directors of the Company has authorized the grant of an aggregate of 6,400,000 incentive stock options (the “Options”) to existing directors, officers and certain employees of the Company, at an exercise price of $0.31 per common share.

The Options are exercisable for a five-year period from the date of grant and will vest as follows: ? on the date of grant, ? on the six-month anniversary from the date of the grant and ? on the one-year anniversary from the date of the grant. The Options are granted pursuant to the Company’s stock option plan, which was most recently approved by shareholders at the Company’s annual general meeting of shareholders held on September 27, 2024.

GoldQuest also announces that it has entered into an Investor Relations Agreement (the “Agreement”) dated February 1, 2025 with Daniel G. McIntyre Consulting Inc. (the “Consultant”) for an initial 5-month term. The Consultant will provide advertising, marketing, and investor relations services to assist with advancing the Company’s market exposure. The Agreement is subject to the approval of the TSX Venture Exchange (the “TSX-V”).

Mr. Luis Santana, Director and CEO commented, “On behalf of the Board, I am pleased to welcome Dan to the GoldQuest team. With over 20 years of experience in the junior resource sector, he will play a key role in developing our communications programs and investor relations strategy. As we prepare to relaunch exploration at the Tireo Project in 2025 and advance the Romero Project towards development in the Dominican Republic, his expertise will support our ongoing commitment to creating value for all stakeholders.”

As compensation, subject to TSX-V approval of the Agreement, GoldQuest will grant the Consultant 200,000 stock options at an exercise price of $0.31 per share, exercisable for 5 years, with quarterly vesting over 12 months from the date of grant. Additionally, the Consultant will receive a monthly fee of $9,500 plus applicable taxes and pre-approved out-of-pocket expenses. To the Company’s knowledge, the Consultant is arm’s length to the Company and does not have a material interest in the securities of the Company, other than the stock options disclosed above. The Consultant’s offices are located in North Vancouver, British Columbia.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the receipt of TSX-V approval of the Agreement, and the services to be provided by the Consultant. In certain cases, forward-looking statements can be identified by the use of words such as "plans", “looks forward”, "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the implementation, application and interpretation of the recent changes to the Dominican Republic’s environmental regulations; risk related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com

Daniel G. McIntyre, Investor Relations
1 (604) 488-9818
dmcIntyre@goldquestcorp.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

[LoneClone] GoldQuest Completes C$8.7 Million Private Placement ca.finance.yahoo.com Go...

LoneClone — 11/21/2024 2:38:27 PM

GoldQuest Completes C$8.7 Million Private Placement

ca.finance.yahoo.com

GoldQuest Mining Corp.
Wed, November 20, 2024 at 2:28 p.m. PST 7 min read

GDQMF
+16.09%

GoldQuest Mining Corp. VANCOUVER, British Columbia, Nov. 20, 2024 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) is pleased to announce the successful completion of a non-brokered private placement (the “Private Placement”), raising gross proceeds of C$8,698,950.88 through the issuance of 45,783,952 common shares of the Company at a price of C$0.19 per share. Following the Private Placement, the Company’s cash on hand will exceed C$15 million.

“We are thrilled to welcome our new investors, all of whom are prominent members of the Dominican Republic’s business community,” said Luis Santana, CEO of GoldQuest. “Their confidence in our vision underscores the strong potential of the Romero project and our exploration activities. We are committed to advancing the Environmental Permit Application process with the Ministry of Environment and Natural Resources, updating our economic assessments, and furthering exploration along the highly prospective Tireo Formation. The Romero gold-copper project represents a low-impact underground mining development opportunity with the potential to serve as a significant economic driver for San Juan province and the Dominican Republic as a whole.”

In connection with the Private Placement, the Company paid a cash finder’s fee to Coastline Group totaling approximately C$217,500.

The Private Placement is subject to final acceptance of the TSX Venture Exchange (the “TSX-V”). Common shares issued under the Private Placement are subject to a four-month statutory hold period, in accordance with applicable Canadian securities laws.

Use of Proceeds

The funds raised will be allocated toward:

Advancing exploration across the Company’s highly prospective Tireo Formation properties;
Progressing the permitting process, including the Environmental and Social Impact Assessment (“ESIA”) for the Romero project;
Updating the Company’s Pre-Feasibility Study to a definitive Feasibility Study in preparation for the development of the Romero project;
Working capital and general corporate purposes.

GoldQuest’s efforts have been bolstered by recent adjustments to the Dominican Republic’s environmental regulations, which now allow advanced mining projects, such as the Romero gold-copper project, to submit ESIA applications directly to the Ministry of Environment and Natural Resources (see press release dated November 12, 2024).

Board Appointment

In connection with the closing of the private placement, the Company has appointed Mr. Charles Reid to its board of directors.

Charles Reid is a seasoned professional specializing in asset recovery and project development in the Dominican Republic. As Project Leader at DAF Management, he focuses on monetizing distressed assets and developing innovative real estate and business ventures.

With experience at Grupo SID in finance, HR, and marketing, Charlie has led key initiatives in mergers, feasibility studies, and product distribution. He holds a Bachelor’s in Management from Bentley University and a Master’s in Administrative Studies from Boston University. Fluent in English and Spanish, he brings strategic expertise to local and international markets.

About the Romero Project

GoldQuest’s flagship Romero project, discovered in 2012, is a gold-copper deposit located in the Tireo Formation of the Dominican Republic. A 2016 Pre-Feasibility Study highlighted its robust economic potential, delivering a Net Present Value (“NPV”) of US$203 million at a 5% discount rate and an Internal Rate of Return (“IRR”) of 28%, based on an all-in sustaining cost of $595/oz Au Eq and commodity prices of $1,300/oz gold and $2.50/lb copper (see press release dated September 27, 2016).

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian-based mineral exploration and development company with projects in the Dominican Republic. The Company is focused on advancing the Romero gold-copper project and exploring the Tireo Formation, a district known for its rich mineral potential. GoldQuest is listed on the TSX-V under the symbol GQC.

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Mike Makarenko, P. Eng., and a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the receipt of final TSX-V approval for the Private Placement, the use of proceeds of funds raised under the Private Placement, recent changes to the Dominican Republic’s environmental regulations, the interpretation of such changes, the application of such changes to the Company, the Company’s ability to obtain the governmental, environmental and social approvals for its Romero project, the Company’s ability to advance a Feasibility Study, Environmental and Social Impact Assessment and other studies on the Romero project, the prospects of the Tireo Formation and the Company’s exploration plans with respect to such properties, the ability of the Company to address environmental concerns of the province of San Juan, the funding of the Company, the merits of the Romero project, the Company's plans and expectations regarding the Romero project, and the economic potential of the Romero project, including its estimated NPV and IRR. In certain cases, forward-looking statements can be identified by the use of words such as "plans", “looks forward”, "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to the implementation, application and interpretation of the recent changes to the Dominican Republic’s environmental regulations; risk related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

Luis Santana	Bill Fisher
Chief Executive Officer	Chairman Board of Directors
GoldQuest Mining Corp	GoldQuest Mining Corp.
Phone: +1 (809) 224 0629	Phone: +1 (647) 271 4505
lsantana@goldquestcorp.com	bfisher@goldquestcorp.com

[Logain Ablar] Just as a reference for the Romero project. goldquestcorp.com

Logain Ablar — 5/23/2024 7:42:03 AM

[marcos] The other thing about copper at Romero, is that there's more than enough of it t...

marcos — 5/23/2024 2:14:06 AM

The other thing about copper at Romero, is that there's more than enough of it to pay for all mining, milling, and processing ... that's from memory of a talk given eight years ago, by Bill Fisher probably, and hard to say exactly what it means, probably doesn't cover capex or associated costs, but it's significant anyway

Quite the drop in all metals yesterday, thirty cents in copper, yikes ... well it was looking unsustainable, straight up like that, some sort of short squeeze they say ... could easily be lower for a while, i don't know enough to have an opinion on that ... based on chart behaviours i've raised some cash out of fdy, arg, couple of others, but then stuck most of it into bids under other picks ... incurable

That garlic was so long ago ... it was unsaleable, you know, i'd lost the bulb covers from not being home in time to pull it ... few years after, there was such a shortage that people were selling individual cloves, and not at a discount either, lol ... i'm out of it pretty much now, just can't have it regulate my life at that peak time when spring turns to summer ... two young neighbours are planting my varieties now

There are all kinds of rumours around about Goldquest ... been lurking other sites ... well i guess that's always the case, but it does seem to make sense that, the election having been resolved, things could happen, and the stock does seem to be trading well ... not much volume yet though ... this year the election was on time, in 2020 it was delayed because of the virus, so you have to wonder what difference that will make ...

[LoneClone] That's an interesting perspective, to flip Romero from Au/Cu to Cu/Au. I see I h...

LoneClone — 5/21/2024 1:17:54 PM

That's an interesting perspective, to flip Romero from Au/Cu to Cu/Au. I see I have it in my notes as Au/Ag/Cu/Zn, but in my mind it has always been both copper and gold.

My attempt to read the tea leaves says by the end of the year gold will be higher than it is now but copper will be lower (albeit still in rarefied territory) so maybe it will flip back to Au/Cu. But for the reasons you provide it would be good to maintain the emphasis on copper.

I did very well the last time GQC did a serious spike, but that was a long time ago. Here's hoping we get another chance this year.

BTW, I am still growing the descendants of that garlic you sent me. As I wait for the appearance of the scapes from this year's crop, I still have a few bulbs left from last year's harvest to tide me over.

LC

[marcos] Romero is a copper mine, right? ... will be putting out a copper concentrate, us...

marcos — 5/20/2024 2:53:47 PM

Romero is a copper mine, right? ... will be putting out a copper concentrate, using copper-style base metal flotation processes ... it'll just happen to have a few tiny ounces of gold for every tonne of copper, so to us it's a "gold mine" ... not in action though ... it's ages since i read the PEA or tech report or whatever, this is from memory, but it really sticks in mind that it's quite thoroughly a copper mine until you get to totting up the returns from the smelter

This is a Very Good Thing for several reasons - 1. means no cyanide, which sounds scarey to the 99.9 per cent of people who don't know much about how it's used, 2. copper is up, and supply/demand trends indicate that it will be a lot more upper in the foreseeable future, 3. better security of product - bulk concentrate is less likely to be stolen, and security costs should be lower ... 4. there was another reason that came to me while driving ... gone now ... how are you doing LC ... those people are going to do alright on those options, sooner or later ... and you know, it could be sooner ... [just like i said in 2020, lol]

[LoneClone] If they ever do anything to get the share price up, they might get paid. GoldQu...

LoneClone — 9/19/2023 12:11:31 PM

If they ever do anything to get the share price up, they might get paid.

GoldQuest Announces Grant Of Stock Options

GoldQuest Mining Corp.
Mon, September 18, 2023 at 4:00 p.m. PDT·1 min read

GDQMF
0.0000%

ca.finance.yahoo.com

VANCOUVER, British Columbia, Sept. 18, 2023 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) announces that the board of directors of the Company has authorized the grant of an aggregate of 5,000,000 incentive stock options (the “Options”) to directors, officers and employees of the Company, at an exercise price of $0.11 per common share.

The Options are exercisable for a five-year period from the date of grant and will vest as follows: ? on the date of grant, ? on the six month anniversary from the date of the grant and ? on the one year anniversary from the date of the grant.

The Options are granted pursuant to the Company’s amended and restated stock option plan, which was most recently approved by shareholders at the Company’s annual general meeting of shareholders held on June 29, 2023, and remain subject to the approval of the TSX Venture Exchange.

About GoldQuest:

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC. The Company is well funded to carry out exploration programs and to advance the development of its Romero gold/copper discovery, located in the Geological Tireo Formation of the Dominican Republic.

For further information, please contact:

GoldQuest Mining Corp.
Luis Santana, Chief Executive Officer
1 (829) 919-8705

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

[LoneClone] Note of Condolences for the Passing of GoldQuest Mining Founder David Hall ca.f...

LoneClone — 9/11/2023 3:49:23 PM

Note of Condolences for the Passing of GoldQuest Mining Founder David Hall

ca.finance.yahoo.com

GoldQuest Mining Corp.
Mon, September 11, 2023 at 10:21 a.m. PDT·1 min read

VANCOUVER, British Columbia, Sept. 11, 2023 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV: GQC “GoldQuest” or the “Company”) is deeply saddened to hear about the passing of David Hall, the founder of the Company.

David worked as an economic geologist in more than 60 countries over a 40-year career. He was a superb team and company builder with a successful discovery track record in both major corporations and junior exploration and development companies.

He founded GoldQuest in 2002 and maintained a long and fruitful relationship with the Dominican Republic. Under his leadership and remarkable skills as an explorationist, the company assembled a large and prospective land position and discovered the Romero South Deposit, leading to further discoveries in the country.

David will be fondly remembered as a treasured colleague and inspirational leader in the GoldQuest family and as a friend to many in the Dominican Republic’s exploration sector, as well as to many throughout the entire world of exploration geology.

We offer our heartfelt condolences to his family during this difficult time.

With deepest sympathy,

Luis Santana, CEO

Bill Fisher, Chairman

On behalf of the Company and Board of Directors

[LoneClone] GoldQuest Mining: Official Gallup Poll Results of 67.7% From San Juan Community ...

LoneClone — 3/6/2023 1:51:47 PM

GoldQuest Mining: Official Gallup Poll Results of 67.7% From San Juan Community Support Project

ca.finance.yahoo.com

GoldQuest Mining Corp.
Mon, March 6, 2023 at 2:00 a.m. PST·1 min read

VANCOUVER, British Columbia, March 06, 2023 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV: GQC “GoldQuest” or the “Company”) is very pleased to announce that has received the final report of a poll/survey commissioned to measure the social support within the San Juan province to carry on with the EIA for its Romero Project. It shows 67.7% of the population of the San Juan province supports the EIA studies for the project. The survey was conducted by Gallup, a world-renowned polling consultant.

CEO Luis Pereyra Santana commented:

“When I first joined GoldQuest in September 2022, the social situation in the province of San Juan regarding GoldQuest and our Romero Project was one of straight up rejection, fear and distrust. We are now pleased to inform all stakeholders that the situation today has turned around significantly. As certified by Gallup, we now see support from the San Juan community to proceed with the Romero project. The Romero project and the potential benefits that the full development of this project would bring to better the lives of the people of San Juan and the Dominican Republic is now well understood by over 2/3rds of the community.

Since my arrival into my country of birth, Dominican Republic, we have been engaging on a regular basis with the local community in San Juan and very high level officials of the National Government.

We look forward to the National Governments feedback as they digest this very clear message being sent to them from the San Juan Community. We have been and will continue to seek government approval granting us the permit which will allow for the EIA phase of Romero to begin ASAP.”

About GoldQuest:

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC. The Company is well funded to carry out exploration programs and to advance the development of its Romero gold/copper discovery, located in the Geological Tireo Formation of the Dominican Republic.

For further information, please contact:
GoldQuest Mining Corp.
Luis Santana, Chief Executive Officer
1 (829) 919-8705

[LoneClone] Credit goes to onepath for finding this. NP says Goldquest in a pickle in the D...

LoneClone — 11/30/2022 2:18:48 PM

Credit goes to onepath for finding this.

NP says Goldquest in a pickle in the Dominican Republic

2022-11-30 08:38 ET - In the News

The National Post reports in its Wednesday, Nov. 30, edition that Goldquest Mining found gold and copper in 2012 in the southwestern hills of the Dominican Republic. The Post's Tom Blackwell writes that by late 2015, Goldquest applied for an operational permit that would allow it to move to the next stage. Seven years and $44-million in investment later, however, Goldquest is still waiting for an answer. Two consecutive Dominican presidents have let the application languish, as a vocal protest movement led by environmentalists and politicians turn the mine into a partisan hot potato. The most prominent face of that protest is the senator for San Juan province, Felix Bautista, once named among the most corrupt individuals in the world and sanctioned under the U.S. Magnitsky law for allegedly ripping off Haiti's earthquake recovery efforts. He has held protest marches against the mine. Goldquest argues that opposition to the mine is built on lies -- primarily that the company will use cyanide to process the extracted minerals and draw water from a local river, both of which it has stressed repeatedly will not happen. In 2014 Transparency International named Mr. Bautista one of the world's 15 most corrupt individuals.

[LoneClone] I wonder when we will get any real news... GoldQuest: Grant of Stock Options c...

LoneClone — 11/24/2022 12:59:59 PM

I wonder when we will get any real news...

GoldQuest: Grant of Stock Options

ca.finance.yahoo.com

GoldQuest Mining Corp.
Tue, November 22, 2022 at 7:00 p.m.·1 min read

VANCOUVER, British Columbia, Nov. 22, 2022 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) announces that the board of directors of the Company has authorized the grant of an aggregate of 200,000 incentive stock options (the “Options”) to certain employees of the Company, at an exercise price of $0.16 per common share.

The Options are exercisable for a five-year period from the date of grant and will vest as follows: ? on the date of grant, ? on the six-month anniversary from the date of the grant and ? on the one-year anniversary from the date of the grant.

The Options are granted pursuant to the Company’s stock option plan, which was most recently approved by shareholders at the Company’s annual general meeting of shareholders held on June 27, 2022.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W.

For further information, please contact:

GoldQuest Mining Corp.
Luis Santana, Chief Executive Officer
1 (829) 919-8705

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

[LoneClone] GoldQuest Welcomes New CEO & Director – Dominican Citizen ca.finance.yahoo.com ...

LoneClone — 9/2/2022 4:10:16 PM

GoldQuest Welcomes New CEO & Director – Dominican Citizen

ca.finance.yahoo.com

GoldQuest Mining Corp.
Thu, September 1, 2022 at 5:00 p.m.·6 min read

VANCOUVER, British Columbia, Sept. 01, 2022 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) is pleased to announce that Mr. Luis Santana Pereyra today took up his position as Chief Executive Officer (“CEO”) and Director of the Company. Mr. Santana will be based in Santo Domingo and will initially be responsible for achieving the Romero Project Exploitation License (the “Permit”) in the San Juan Province of the Dominican Republic and supervising exploration and environmental studies.

Luis is a Citizen of the Dominican Republic and is a Qualified Engineer with more than 25 years of experience in mining and mineral processing. Luis has an impressive history having worked with Glencore – Falcondo and Altonorte Mines in Dominican Republic and Chile, BHP Billiton – Olympic Dam Mine in Australia, Barrick – Pueblo Viejo Mine in Dominican Republic, Barrick & Shandong Gold – Veladero Mine in Argentina and most recently as CEO for Shandong Gold/Cardinal Resources Namdini Gold Project in Ghana.

“I am pleased to welcome Luis to lead our Company from Santo Domingo.” Commented Bill Fisher, Chairman of GoldQuest, “This should send a clear message to the Dominican Republic of our commitment to the country. Combining Luis’s outstanding international career, we look forward to advancing our in-country studies, whilst re-establishing strong relationships with the international investment community. I would like to thank David Massola for his years of dedicated service as CEO and wish him well in his future endeavors.”

“I am thrilled to be given the opportunity to advance the substantial Romero project and the highly prospective surrounding gold exploration portfolio in my home country,” commented Mr Santana, “I have every confidence that this administration will shortly issue our exploitation license, allowing the Company to begin the thorough and detailed Environmental and Social studies in collaboration with the Ministry of Environment. I am looking forward to re-establishing the Company’s Dominican workforce, which in the past has numbered hundreds of workers, and guiding the process to demonstrate how modern and responsible mining and development can be executed in partnership with both the local population with respect for the environment.”

Mr. Massola’s last day as CEO was August 31, 2022 and he will assist in an orderly transition. He commented “I have been involved in the Dominican Republic since 2005, having participated in all aspects of the country’s mining sector. I leave many Dominican friends and colleagues and wish the Company all success in the future as it moves forward.”

About GoldQuest:

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out exploration programs and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the engagement and services to be provided by the Company’s new CEO, the Company obtaining the Permit, the Company’ Romero Project, the merits of the Company's mineral properties, future programs and studies, and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", “looks forward”, "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to economic and political conditions globally and in the Dominican Republic; the COVID-19 pandemic, including measures taken and that may be taken to attempt to reduce the spread of COVID-19, employee and contractor health, safety and availability, availability of materials and equipment, travel restrictions, and other risks and uncertainties related to the pandemic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CONTACT INFORMATION

GoldQuest Corp

Info@goldquestcorp.com

Luis Santana, CEO (Santo Domingo)		Ph.+1 829 919 8705

Office of the Chairman (Toronto)		Ph. 416 583 5606

[LoneClone] GoldQuest Announces Management Changes ca.finance.yahoo.com GoldQuest Mining C...

LoneClone — 6/2/2022 12:42:31 PM

GoldQuest Announces Management Changes

ca.finance.yahoo.com

GoldQuest Mining Corp.
Wed, June 1, 2022, 6:00 p.m.·7 min read

VANCOUVER, British Columbia, June 01, 2022 (GLOBE NEWSWIRE) -- GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Company”) is very pleased to announce the appointment of Mr. Luis Santana Pereyra to the position of Chief Executive Officer (“CEO”) of the Company. Mr. Santana will formally commence his role as CEO on or before September 1, 2022, following a transition period. Furthermore, it is expected that Mr. Santana will join the board of directors of the Company once he formally commences his role as CEO. Mr. Santana will be based in Santo Domingo and will initially be responsible for working towards achieving the Romero Project Exploitation License (the “Permit”) in the San Juan Province of the Dominican Republic.

Luis is a Citizen of the Dominican Republic and is a Qualified Engineer from the Santo Domingo Technological Institute. Luis has more than 25 years of experience in mining and mineral processing and has worked in senior management and executive positions in the design, construction and operation of gold processing plants and mines globally.

Luis has an impressive history having worked with Glencore – Falcondo and Altonorte Mines in Dominican Republic and Chile, BHP Billiton – Olympic Dam Mine in Australia, Barrick – Pueblo Viejo Mine in Dominican Republic, Barrick & Shandong Gold – Veladero Mine in Argentina and most recently as CEO for Shandong Gold – Cardinal Resources Namdini Project in Ghana.

Luis is well recognized as a resourceful team leader with a track record of delivering high quality production assets on time, on budget and with exemplary environmental, safety and governance performance.

The Company strongly believes that Luis will add value to its operations through awareness, engagement, and accountability of three key strategic objectives: Collaboration by developing a strong culture, Community by strengthening sustainable license to operate, and Company by maximizing economic productivity (production, profitability, and asset value).

Late last year the Company’s current CEO, Mr. Dave Massola, informed the Board of Directors that he would like to resign from his current position during 2022. The Board has been in the process the last six months of finding a replacement. Mr. Massola has informed the board that his last day will be August 31, 2022.

Bill Fisher Chairman of the Board commented “Luis Santana joins the company with an impressive career behind him in international mining. We have taken the step of engaging a mine developer as CEO following positive comments by the Minister of Energy and Mines, Antonio Almonte, and the President of the Dominican Republic, Luis Abinader, earlier in the year about permitting our Romero project. After an extensive search we were pleased to find a Dominican citizen with extensive international experience in mine development - permitting, building and operating - to guide the company through the next stages of development, thus demonstrating our commitment to the Dominican Republic.

On behalf of the Board I would like to thank Dave Massola for his years of dedicated service and contribution and wish him well in his future endeavors.”

Mr. Santana has been granted 2,000,000 stock options at an exercise price of C$0.18. The options have a term of 5 years and vest in three equal installments with 1/3 vesting upon the granting the options, a further 1/3 vesting on the 6-month anniversary and the final 1/3 vesting on the 12-month anniversary.

About GoldQuest:

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out exploration programs and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the engagement and services to be provided by the Company’s new CEO, the Company obtaining the Permit, the Company’ Romero Project, the merits of the Company's mineral properties, future programs and studies, and the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as "plans", “looks forward”, "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to economic and political conditions globally and in the Dominican Republic; the COVID-19 pandemic, including measures taken and that may be taken to attempt to reduce the spread of COVID-19, employee and contractor health, safety and availability, availability of materials and equipment, travel restrictions, and other risks and uncertainties related to the pandemic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

CONTACT INFORMATION

GoldQuest Corp

Dave Massola

Chief Executive Officer - Toronto

+1-416-583-5606

dmassola@GoldQuestCorp.com