Romero Results From In-Fill Drilling And Exploration Update

VANCOUVER, BC - GoldQuest Mining Corp. reported assay results from six drill holes, including four holes at the Company's 100% owned Romero Discovery along the Las Tres Palmas trend and two at the La Rosa target, in the Dominican Republic.

The four in-fill holes at Romero are part of an on-going in-fill drill program and they focused on delineating the southern area of the mineralization, which has previously been lightly drilled. The results are being incorporated into the mineral resource estimate being prepared in accordance with National Instrument 43-101 ("NI 43-101") by Micon International. The mineral resource estimate is on schedule to be completed in the fall.

Two holes were drilled into the peripheral parts of the La Rosa, a geophysical target one kilometer north-east of Romero, which failed to intersect mineralization. Both holes encountered an upper portion of the stratigraphy and the favorable units are interpreted to be deeper than 400 meters. No additional drilling is planned for this target at this stage.

"The Romero holes are within a large, lower grade peripheral mineralized halo, which add to the size of the mineralized envelope," said CEO, Julio Espaillat. "We look forward to the upcoming mineral resource at Romero, while we continue to review and select other targets for drilling."

Hole LTP-146 is an inclined hole drilled at an azimuth of 190 and a dip of 70 degrees, LTP-147 is an inclined hole drilled at an azimuth of 220 and dip of 60 degrees; LTP-148 is a vertical hole; and LTP-149 is an inclined hole drilled at an azimuth of 220 and a dip of 70 degrees. Holes LR-01 and LR-02 are vertical holes, drilled at the La Rosa target approximately 1 kilometer northeast of Romero. The mineralized intervals do not necessarily represent true-widths of the mineralized body. A 50 g/t top cut-off was applied to the gold grade. A bottom cut-off of 0.15 g/t gold was used and samples below this value were assigned a 0 g/t value.