Drilling Results At Romero Discovery

VANCOUVER - GoldQuest Mining Corp. reported assay results from three additional holes from its ongoing drill program at the Romero gold/copper discovery within the Company's 100% owned Las Tres Palmas trend in the Dominican Republic.

New drilling highlights include: LTP-108 which contained 157.0 metres grading 1.07 g/t gold and 0.40% copper; Including 37.2 metres grading 3.31 g/t gold and 1.00% copper; LTP-107 which contained 101.0 metres grading 1.60 g/t gold and 0.74% copper; Including 36.0 metres grading 3.52 g/t gold and 1.07% copper.

Chief Executive Officer, Julio Espaillat said, "The results confirm the effectiveness of using IP surveys to generate targets along our Las Tres Palmas Trend.  These large step-outs to the east and south demonstrate that mineralization occurs beyond the limits of the initial discovery and extends in excess of 300 meters in the north-west to south-east direction.

The reported holes herein represent large step-outs to the east and south-east and have increased the drill tested area of the IP anomaly. Holes LTP-105 and LTP-108 were collared south of the La Guama structure and demonstrate that the mineralization extends south of it. Hole LTP-105 was drilled to the north dipping at 60 degrees and due to natural drilling deviation the end of the hole was 22 metres to the east, terminating between LTP-96 and LTP-103. Hole LTP-107 extends the mineralization over 200 metres east of the discovery hole, LTP-90, and was drilled north of holes LTP 89 and LTP 91 which were drilled in the area between the Hondo Valle and Romero anomalies. Hole LTP-89 returned 10 m grading 1.3 g/t gold and 0.1% copper and LTP-91 returned 14.05 m grading 2.4 g/t gold and 0.7% copper. In both of cases the holes ended in mineralization.

The Company's focus is to define the mineral potential of our concessions over the Upper Tireo Formation, a Calco-Akaline volcanic package of rock of Upper Cretaceous age. Drilling thus far has revealed a sub-horizontal Andesitic / Dacitic volcanic package which has been altered by a hydrothermal mineralizing system, impregnating the rocks based on porosity and fracture controls. Mineralization consists of stock-work veining (stringers) and dissemination of pyrite, chalcopyrite, localized sphalerite and minor occurrences of other sulphide minerals.

The Company continues to focus on drilling at the Romero discovery zone, where assays from eighteen holes have been reported to date. Three drills continue to operate at Romero and are focused on stepping out to expand the footprint of the mineralization and testing the central and eastern area of the IP anomaly. Environmental regulations in the Dominican Republic require that drill pads are set back from watercourses, and the drilling pattern, with its larger step outs, reflects this requirement.

The Company is currently drilling a deep vertical hole LTP-113 at the same platform as the first deep hole, LTP-106, and is completing holes LTP-112 and LTP-114. Hole LTP-112 is testing the north-eastern edge of the anomaly and hole LTP-114 is inclined toward the west from the same platform as hole LTP-111 and is testing the connection in the IP anomaly between Romero and Hondo Valle. The Company will continue to release new drill hole results in batches as their analysis is completed. ACME labs have been instructed to release assays to the Company only once the batches have been completed.