GoldQuest Mining Corp.: More High Grade Samples From Las Animas Massive Sulfide Deposit, Dominican Republic

- New channel samples across gossan return 16.0 m @ 6.13 g/t Au, 62.24 g/t Ag.

---------------------------------------------------------------------
Channel Number Mineral type Length meters Gold g/t Silver g/t
---------------------------------------------------------------------
4 (i) Stockwork 21.0 2.34 46.79
---------------------------------------------------------------------
10 Gossan 16.0 6.13 62.24
---------------------------------------------------------------------
11 Gossan 8.0 3.52 45.88
---------------------------------------------------------------------
12 Gossan 14.0 0.61 2.89
---------------------------------------------------------------------
13 Gossan 12.0 3.33 12.75
---------------------------------------------------------------------

Table 1. Length-weighted average gold and silver grades of continuous 2.0 to 3.0 meter long channel samples from trenches, Las Animas Project. (i) Channel 4 was extended by 3 m and the new average grade is reported here.

The Las Animas concession is located 110 km north-west of the capital Santo Domingo. Drilling of the project is planned to commence as soon as the environmental permit is received.

The qualified person for the technical information in this press release for the purposes of National Instrument 43-101 is Stewart D. Redwood, FIMMM, Consulting Geologist to the Company. Preparation and geochemical analyses of all samples were carried out by ALS Chemex, Vancouver. Standards, duplicates and blanks are routinely inserted into all sample batches for quality assurance and quality control.

About GoldQuest

GoldQuest is a resource exploration company focused on the Dominican Republic. Through regional grass-roots exploration and new geological models the Company has built a portfolio of drill targets on properties including Las Tres Palmas, Los Comios and Cerro Dorado. Gold Fields Ltd and Placer Dome Inc are shareholders as well as MinMet plc, an Irish-based resource company.

The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.

For more information, please contact

GoldQuest Mining Corp.
Mr. David Hall
President & Chief Executive Officer
+353-1-661-3309

or

GoldQuest Mining Corp.
Mr. Alistair Waddell
Vice President of Exploration
+1-809-385-2222
This email address is being protected from spambots. You need JavaScript enabled to view it.

View News Release in PDF Format