Mr. Luis Santana reports

GOLDQUEST TO INITIATE ENVIRONMENTAL STUDIES APPLICATION FOR ITS ROMERO PROJECT IN THE DOMINICAN REPUBLIC

Recent changes to the Dominican Republic's environmental regulations are expected to enable Goldquest Mining Corp. to advance the feasibility study and environmental and social impact assessment (ESIA) for its wholly owned gold and copper discovery at the Romero project, located in San Juan province.

The company believes that the regulatory changes permit Goldquest to engage formally with the Ministry of Environment by applying for the issuance of the terms of reference, a key step in the project development process. Previously, the Ministry of Environment was unable to review mining project applications without presidential approval. The company has already begun preparing its formal application to obtain the terms of reference, marking the first step toward advancing the Romero project.

"This regulatory change is expected to permit Goldquest to carry out studies that allow us to demonstrate the environmental feasibility of our Romero project and at the same time respond to the environmental concerns that the province of San Juan has," said Luis Santana, chief executive officer of Goldquest. "The company is funded to initiate a full feasibility study (FS), building on our existing prefeasibility study (PFS), once the necessary approvals are obtained."

Details of the modified environmental regulations are available on the official website of the Ministry of Environment and Natural Resources.

About Goldquest Mining Corp.

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 financially positioned to complete the EIA (environmental impact statement) and DFS (definitive feasibility study), advancing the development of its Romero gold/copper discovery within the Tireo geological formation in the Dominican Republic.

We seek Safe Harbor.