New Geophysical Trend Two Kilometers At Las Tres Palmas

VANCOUVER, BC - GoldQuest Mining Corp. has discovered a new geophysical trend which lies approximately two kilometres west of the Romero mineralization on the Las Tres Palmas trend in the Dominican Republic.

The newly discovered Guama trend is sub-parallel to the Las Tres Palmas trend, and is coincident with a series of high grade copper grab samples collected by the Company in previous campaigns. Copper results in this area include 59 of 212 samples returning grades over 1% of which the highest grade sample was 34.5% copper and was collected from north of the Guama Induced Polarization ("IP") anomaly. Within these 59 samples 5 were over 10% copper and 13 samples returning grades between 5% and 10%.

In addition, detailed mapping done in late 2012 identified chlorite alteration at surface overlying the Guama trend. Chlorite alteration is often associated with hydrothermal systems. At GoldQuest's Romero hydrothermal gold/copper discovery, chlorite does not reach surface, but has been reported in every drill hole, often surrounding copper and gold mineralization.

"Guama is the first area GoldQuest has tested outside the 2011 geophysical survey," said Julio Espaillat, GoldQuest's President & CEO. "It is gratifying to have discovered a new trend based on geophysics, detailed mapping and geochemistry, as we unfold our geological drilling program to compliment drilling in the core Romero area."

The trend is clearly defined by chargeability and resistivity anomalies trending NNW-SSE, and is over 1 kilometre in length, open to the north and south. Chargeability was measured within an Insight Induced Polarization program, which is covering the Las Tres Palmas trend and other areas in the district. High chargeability to date in the area strongly correlates with sulphide mineralization, as seen at the Romero mineralization, where the Company encountered copper and gold mineralization up to 234 metres grading 7.9 g/t gold and 1.4% copper.