Mr. Julio Espaillat reports

GOLDQUEST ISSUES UPDATE ON PRE-FEASIBILITY STUDY FOR THE ROMERO PROJECT, DOMINICAN REPUBLIC

Following a detailed review, Goldquest Mining Corp. has engaged JDS Energy and Mining Inc. to finalize the Romero gold/copper project prefeasibility study. The PFS is now expected to be completed within third quarter 2016.

Upon receipt and analysis of the PFS, a decision regarding full feasibility and marketing studies will be announced. Goldquest is financed to complete these studies.

The information in this press release has been reviewed and approved by Jeremy Niemi, PGeo, vice-president, exploration, of Goldquest, and a qualified person for the technical information in this press release under NI 43-101 standards.

We seek Safe Harbor.