Mr. Julio Espaillat reports

GOLDQUEST REPORTS 224 METRES GRADING 4.8 G/T GOLD EQUIVALENT FROM PRE-FEASIBILITY DRILLING AT ROMERO PROJECT

Goldquest Mining Corp. has released the balance of the remaining results from its recently completed six-hole 2015 drill program on its 100-per-cent-owned Romero gold/copper deposit in the Dominican Republic. This prefeasibility drill program was designed to gather material for advanced metallurgical testwork and to move inferred material to the measured and indicated categories that will allow it to be included in feasibility-level economic studies. All holes met expectations in terms of grade and thickness, based on the existing mineral resource block model.

Highlights include LTP-165, which intersected 223.8 metres of 3.03 grams per tonne gold and 1.22 per cent copper (4.77 g/t gold-equivalent), which included 27.3 metres grading 11.05 g/t gold and 2.38 per cent copper (14.45 g/t gold-equivalent).

"We are pleased with these results, especially with the overall continuity and strength of mineralization, and additional high-grade intervals in the upper part of the deposit that will be accessed early in the mine plan," commented Julio Espaillat, president and chief executive officer. "With funding in place and the drilling completed, we will move quickly to final selection of prefeasibility study consultants to advance the Romero project towards production."

                            ROMERO DRILL RESULTS

Hole ID       From      To Interval     Au     Cu     Zn     Ag       AuEq
                (m)     (m)      (m)  (g/t)    (%)    (%)  (g/t)      (g/t)

LTP-165      78.03   90.22    12.19   2.68   0.02   0.29   8.99       2.71
and         140.21   364.0   223.79   3.03   1.22   0.14   5.31       4.77
including    158.8  186.13    27.33  11.05   2.38   0.12  12.35      14.45
and         252.66   264.0    11.34  10.97   3.30   0.12  18.60      15.68
and         314.25  321.92     7.67  13.28   1.35   0.03   2.45      15.21
LTP-166     131.27   262.0   130.73   2.08   0.65   0.17   4.25       3.01
including   140.51     208    67.49   3.41   1.02   0.12   5.83       4.87
LTP-167       72.0   104.0     32.0   1.87   0.04   0.61   4.25       1.93
including     92.0   100.0      8.0   4.09   0.06   1.72   9.75       4.18
and         147.85   328.0   180.15   1.15   0.98   0.22   3.50       2.55
including    246.0   264.0     18.0   4.63   4.04   0.75   7.78      10.40
and          344.0   388.0     44.0   0.28   0.38   0.07   1.69       0.82

Gold-equivalent values calculated using $1,250 (U.S.)/ounce for gold and
$2.50 (U.S.)/pound of copper and assume 100-per-cent recovery.
Gold-equivalent formula: AuEq g/t equals Au (g/t) plus ((Cu per cent times
22.0462 times 2.50) divided by (1,550 divided by 31.1035)).
All the results and subintervals summarized in the table have a top
cut-off of 72 g/t of gold as supported in the Oct. 29, 2013, National
Instrument 43-101 mineral resource estimate. Interval widths may not
represent true thickness of the deposit. All holes are inclined, LTP-165
drilled at azimuth of 240 degrees and dipping at minus-77 degrees, LTP-166
was drilled at an azimuth of 25 degrees, dipping at minus-50 degrees, and
LTP-167 was drilled at an azimuth of 170 degrees, dipping at minus-74
degrees.

The hole locations are shown on a map on the company's website.

The Romero prefeasibility drill program was designed to improve the confidence in the mineral resource estimate, collect geotechnical and hydrology data for the mine design, and to supply material for the next phase of metallurgical testwork. All of the holes have been logged for geotechnical data to refine the underground mine design, and the geotechnical study by SRK Engineering is in progress. Immediately following the assaying of the half-core samples, the remaining material was put in cold storage to prevent oxidation, and thus provide reliable and readily available material for metallurgical testing planned for the prefeasibility study.

As part of the company's quality assurance and quality control procedures, most of the high-grade intervals are reassayed and the company is awaiting these check samples. In addition, systematic reassaying of intervals is in progress, to confirm compliance of blanks and duplicates checks. The company also reviews results from certified standard reference materials (CRSM), which are inserted at a rate of five per 100 samples. Within the results disclosed herein there was one sample that had results below the recommended tolerance for gold. A portion of the batches will be reassayed. In Goldquest's drill programs, composite intervals were chosen using a combination of geological criteria and mineralization, averaging around two m core length. The drill core is cut in half with one-half of the core sample shipped to ACME Labs by Goldquest technicians. The remaining half of the core is kept at the company core shack for future assay verification, or any other further investigation. Assays within intervals below the 0.005 g/t detection limit for Au were given a zero value. All drill samples were prepared and screened by ACME Labs (Vancouver); metallic fire assay and multielement ICP-MS were assayed by ACME Analytical Laboratories (Vancouver). Gold values are determined by standard fire assay with an AA finish, or, if over 10.0 g/t Au, were reassayed and completed with a gravimetric finish. QA/QC included the insertion and continual monitoring of numerous standards, blanks and duplicates into the sample stream, at random intervals within each batch. The comprehensive Goldquest quality assurance and quality control protocols can be viewed on Goldquest's website.

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

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