Mr. Luis Santana reports

GOLDQUEST ANNOUNCES GRANTING OF STOCK OPTIONS

Goldquest Mining Corp. has granted an aggregate of 7.84 million stock options to purchase common shares of the company to certain directors, officers, employees and consultants of the company.

The options were granted on June 1, 2026, and have a term of five years from the date of grant, with one-third of the options vesting on the date of the grant, one-third vesting on the six-month anniversary of the date of the grant and one-third vesting on the one-year anniversary of the date of the grant. The options may be exercised at a price of $1.16 per common share, representing a 5-per-cent premium to the market price (as defined in the policies of the TSX Venture Exchange) on the date of grant.

The granting of options forms part of the company's long-term incentive framework designed to retain key talent and align leadership, technical teams and advisers with long-term value creation for all stakeholders.

The options were granted pursuant to the amended and restated stock option plan of the company.

About Goldquest Mining Corp.

Goldquest Mining 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.

We seek Safe Harbor.