VANCOUVER, BC, APRIL 2, 2009 - GoldQuest Mining Corp. (the "Company") wishes to announce that it has granted an aggregate of 1,450,000 incentive stock options at a price of $0.10 to directors and employees of the Company. The options are being granted pursuant to the Company's rolling stock option plan and will expire in five years. The options have a vesting schedule over a one and two year period.
About GoldQuest
GoldQuest is a Vancouver based Exploration company with projects in the Dominican Republic and Spain. Through a combination of regional grass-roots generative exploration and new geological models the Company has built a portfolio of new projects.
GoldQuest is traded on the TSX-V under the symbol GQC.V and in Frankfurt with symbol M1W.
For further information please contact:
Alistair Waddell
President & Chief Executive Officer
Dan Maarsman
Investor Relations - Vancouver, Canada
Tel: +1-604-632 4333
www.goldquestcorp.com
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On behalf of the Board of Directors "signed" Alistair H. Waddell
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.