Emerging Developer
Exploration Upside.

Vancouver, British Columbia--(Newsfile Corp. - December 23, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce the closing of the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Private Placement") of units of the Company (the "Units"), originally announced on December 16, 2025.

As previously announced, the Private Placement was increased to a maximum of 34,710,743 Units at a price of C$1.21 per Unit, for total gross proceeds of up to approximately C$42 million.

Each Unit is comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share at an exercise price of C$1.80 per Common Share for a period of 24 months from the applicable closing of the Private Placement.

Under the First Tranche, the Company issued a total of 24,793,388 Units at a price of C$1.21 per Unit, raising gross proceeds of C$29,999,999.48.

In connection with the First Tranche, the Company paid a cash finder's fee of approximately C$1,499,999.97 to Milenio Partners, S.A., an arm's length party.

The Private Placement remains subject to final acceptance of the TSX Venture Exchange (the "TSX-V"). All Common Shares and Warrants issued pursuant to the Private Placement are subject to a four-month statutory hold period under applicable Canadian securities laws.

The Company expects to use the proceeds of the Private Placement for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes.

Insider Participation and MI 61-101 Disclosure

Insiders of the Company are expected to acquire 150,000 Units (C$181,500) under the second tranche of the Private Placement. Such insider participation constitutes a "related party transaction" as defined under TSX-V Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities to be acquired by insiders, nor the consideration paid by them, exceeds 25% of the Company's Market Capitalization.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the size of the Private Placement, the second tranche of the Private Placement, receipt of TSX-V approval, the use of proceeds raised under the Private Placement, the Company's plans with respect to the Romero project and focus on advancing its assets in the Dominican Republic. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to receiving TSX-V approval; the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278929

Vancouver, British Columbia--(Newsfile Corp. - December 18, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce that due to significant interest, the Company intends to increase the size of its previously announced non-brokered private placement (the "Private Placement"). The Private Placement will now be comprised of an aggregate of up to 34,710,743 units of the Company (the "Units") at a price of $1.21 per Unit, for aggregate gross proceeds of up to approximately $42 million.

Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share at an exercise price of $1.80 per Common Share for a period of 24 months from the applicable closing of the Private Placement.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "We are encouraged by the continued support and trust demonstrated by large Dominican institutional investors, whose long-term participation reflects confidence in the quality of the Romero project and in our disciplined approach to advancing it. The strong demand for this financing reinforces institutional acceptance of our strategy and provides additional confidence as we move forward. Importantly, the convergence of Dominican institutional investors and International capital markets participants creates a uniquely strong and well-aligned shareholder base, which we view as critical as we advance permitting, fund development, and move Romero toward construction."

The Private Placement is expected to close in tranches on or before January 9, 2026, subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange (the "TSXV").

The Company expects to use the proceeds of the Private Placement for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes.

It is anticipated that certain insiders of GoldQuest will subscribe for Units in the Private Placement. The issuance of Units will be considered related party transactions within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101 in respect of such insider participation.

As consideration for services provided in connection with the Private Placement, the Company will pay a finder's fee to certain eligible finders who introduced subscribers to the offering, including Paradigm Capital Inc.

Common Shares and Warrants issued under the Private Placement will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Forward-Looking Statements

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the size of the Private Placement, the offering price and closing date of the Private Placement, the use of proceeds raised under the Private Placement, the Company's plans with respect to the Romero project and the Company's focus on advancing its assets in the Dominican Republic. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to receiving TSXV approval of the Private Placement; the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

For further information, please contact:

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278470

Vancouver, British Columbia--(Newsfile Corp. - December 16, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce that it intends to offer, on a non-brokered private placement basis, up to 24,793,399 units of the Company (the "Units") at a price of $1.21 per Unit, for aggregate gross proceeds of up to approximately $30 million (the "Private Placement"). There is no minimum offering amount.

Luis Santana, Chief Executive Officer of GoldQuest, commented:
"This financing strengthens our balance sheet and provides the Company with the flexibility to advance exploration and early development activities in the Dominican Republic. We are particularly encouraged by the participation of a new institutional investor, alongside continued support from established Dominican institutional investors. Their involvement reflects long-term alignment with GoldQuest's strategy and confidence in the quality of our assets and our disciplined approach to advancing the project."

"The participation of one of the largest Dominican institutional investors, together with continued support from existing local institutional investors, represents an important strategic element of this financing. These investors have a long-standing presence in the Dominican financial market and bring long-term capital, local market knowledge, and a strong understanding of the Dominican Republic's regulatory and operating environment. Their continued participation supports the Company's long-term strategic objectives and contributes to a stable and well-aligned shareholder base as GoldQuest advances exploration and development activities in the Dominican Republic."

Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will be exercisable to purchase one Common Share at an exercise price of $1.80 per Common Share for a period of 24 months from the closing date of the Private Placement.

The Private Placement is expected to close on or before December 19, 2025, subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange.

The Company expects to use the proceeds of the Private Placement for early development activities at the Romero project, expansion of greenfield exploration drilling, and general corporate purposes.

Common Shares and Warrants issued under the Private Placement will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The Company has a Board of Directors and management team with prior experience developing and operating a mine in the country.

Forward-Looking statements:

Statements contained in this news release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this news release include, but are not limited to, statements with respect to the size of the Private Placement, the offering price and closing date of the Private Placement, the use of proceeds raised under the Private Placement, participation of investors in the Dominican Republic and the Company's focus on advancing the Romero gold-copper project and exploring the Tireo Formation. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such risks and other factors include, among others, risks related to receiving TSXV approval of the Private Placement; the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws. Forward-looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/278187

Vancouver, British Columbia--(Newsfile Corp. - December 3, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to provide an update on its ongoing 2025 drilling and metallurgical testwork program at the 100%-owned Romero Gold-Copper Project in the Dominican Republic.

• Completed 5 metallurgical drillholes totalling 1,906 metres; approximately 1,600 m of representative core selected from all holes for advanced locked-cycle and variability testwork at ALS Kamloops, with first results expected in March 2026 and final report anticipated by late April/early May 2026.
• Geotechnical and hydrogeological drilling advancing on schedule: 5 dedicated geotech holes (approximately 1,600 m) plus 12 hydrogeological holes (2 completed, 2 in progress), all expected to be finished by February 2026 to support Feasibility Study engineering design.
• One additional rig mobilizing in December and more in January to the high-priority Cachimbo discovery target to initiate resource delineation drilling and test additional early-stage targets along the Romero-Cachimbo mineralized corridor.
• Once the geotechnical and hydrogeological drilling is completed, GoldQuest plans to transition these drills to Romero resource expansion drilling and to test proximal targets including the Romero Gap target.
• Integration of new structural, geophysical and geological datasets into machine learning (AI) targeting software now underway following completion of district-scale structural review - expected to help refine and add additional quality exploration targets for 2026.

Since the program commenced in September 2025, the Company has successfully completed five metallurgical drill holes totalling 1,906 metres (Figure 1). These holes were specifically designed to provide fresh core from the already recognized Mineral Reserves area for advanced metallurgical testing and obtain detailed geotechnical information and samples in support of the ongoing Feasibility Study.

All the first five holes have visually confirmed high-grade mineralization at the core of the Romero deposit, showing multiple mineralization events, including massive sulphides, silicification, brecciation and other favorable alteration styles. Figure 2 shows different examples at different depths and locations of the orebody. In addition, assay results for these holes will be obtained as part of the metallurgical test work program currently underway.

Figure 1: Drill Progress at Romero

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1663/276661_goldquest.jpg

Figure 2: Selected core from 2025 drilling. a) Favorable multi-event hydrothermal alteration (Hole LTP-171 - 289 m). b) Multiple overprinting hydrothermal pulses related to Cu-Au mineralization (Hole LTP-172 - 252 m). c) Massive Cu-Au sulfide matrix breccia within tuff sequence (LTP-173 - 159.2 m). d) Hydrothermal quartz injection associated with favorable mineralization (LTP-174 - 192.3 m)

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1663/276661_goldquest3.jpg

Approximately 1,600 metres of representative core have been selected from all five holes. Sample distribution ensures full representativity of the mineralized body across the planned mining sequence and different lithological and alteration domains. The sampling protocol was based on the definition of geo-metallurgical units (GMUs) and the construction of variability and life-of-mine composites. Locked-cycle tests and variability testing on these composites is expected to provide detailed processing parameters throughout the life of the mine and enable accurate sizing of plant equipment.

The selected laboratory for this advanced testwork program is ALS Kamloops (Canada), one of the world's most respected metallurgical facilities.

First results from the locked-cycle and variability testwork are expected in March 2026, with the final metallurgical report anticipated by the end of April or early May 2026.

In parallel, three additional drill rigs continue with a geotechnical and hydrogeological drilling program at the planned plant, waste dump, tailings facility areas, and critical infrastructure (Figure 2). This campaign consists of five dedicated geotechnical holes (approximately 1,600 metres in total) and twelve hydrogeological holes (2 completed and 2 ongoing) and is on schedule for completion by February 2026. Data from these holes will support detailed engineering design for the Feasibility Study.

One additional rig is being mobilized to Cachimbo to start the exploration program during December, with the objective of delineating a Mineral Resource in this target, and drill test other early-stage targets along the mineralized belt defined between Romero and Cachimbo. One additional rig is expected to be deployed in this area by January 2026.

With the completion of an integral review of district and local structural geology, which improved the understanding of gold-copper mineralization controls, 3D structural modelling, reprocessing and reinterpreting historical geophysical datasets, we are now focused on integrating all the datasets generated into a machine learning (AI) software to assist with the targeting.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "We are very pleased with the rapid and safe progress of our 2025 program. Completing the metallurgical drilling campaign on schedule and securing representative samples from across the deposit marks an important de-risking milestone for the Romero Project. We now look forward to commencing greenfield exploration drilling at the Cachimbo target, with the first rig scheduled to start in early December and a second rig expected to be mobilized by late January 2026."

Figure 3: Drill Location and Program Detail.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1663/276661_goldquest2.jpg

Qualified Person

The scientific and technical information in this news release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this news release under NI 43‐101-Standards of Disclosure for Mineral Projects.

About GoldQuest

GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. With a Board and Management Team that have previously developed a mine still operating in the country.

The Company is well funded to carry out its exploration programs and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

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.

Forward‐looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the Company's drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, the mobilization of drill rigs, metallurgical testwork and the timing of results thereof, the Feasibility Study and engineering studies in support thereof, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, and the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", "objective", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/276661

Vancouver, British Columbia--(Newsfile Corp. - November 26, 2025) - GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) ("GoldQuest" or the "Company") is pleased to announce that its common shares have qualified for trading on the OTCQX® Best Market. Effective today, the company's common shares have commenced trading under the symbol "GDQMF". GoldQuest shares will continue to trade on the TSX Venture Exchange under the symbol "GQC".

"The start of trading on the OTCQX Best Market marks a key milestone for GoldQuest and is expected to provide greater visibility and access to U.S. investors," said Luis Santana, CEO of GoldQuest. "Joining the OTCQX platform also supports our ongoing goal of attracting a deeper pool of institutional and retail capital as we advance Romero to a feasibility study and focus on creating long-term value from our assets in the Dominican Republic."

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors. For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

For U.S. investors, current financial disclosure and Real-Time Level 2 quotes for the Company are accessible at www.otcmarkets.com.

About GoldQuest

GoldQuest Mining Corp. (TSXV: GQC) is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. With a Board and Management Team that have previously developed a mine still operating in the country.

The Company is well funded to carry out its exploration programs and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

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.

Forward‐looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the benefits of the listing on the OTCQX, the merits of the Company's mineral properties, the Company's development plans and exploration programs for its mineral properties, the goals of the Company, and the funding of the Company. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, uncertainties related to the benefits of the listing on the OTCQX, uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275888

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce that it has retained DS Market Solutions Inc. ("DS Market") to provide equity trading advisory and liquidity provider services in accordance with TSXV policies and applicable securities law.

DS Market will trade the securities of the Company on the TSXV for the purpose of maintaining an orderly market. In consideration of the services provided by DS Market, the Company will pay DS Market a monthly fee of C$6,000 from the Company's available cash for a minimum term of one month and renewable for successive one-month terms thereafter. Either party may terminate the arrangement by providing written notice to that effect 30 days prior to the end of the then current term.

The Company and DS Market are unrelated and unaffiliated entities and DS Market has no interest, directly or indirectly in the Company or its securities. DS Market will not receive shares or options as compensation, nor have they indicated any immediate intent to acquire shares of the Company through the open market or otherwise. The capital used for market making will be provided by DS Market.

About DS Market

DS Market is an equity trading advisor to issuers looking to enhance liquidity in their public traded securities. DS Market was incorporated in Mississauga, Ontario in April 2024 and the offices of DS Market are located in Mississauga, Ontario. Mr. David Sears is the sole owner of DS Market and will be providing the services on behalf of DS Market. DS Market's contact is This email address is being protected from spambots. You need JavaScript enabled to view it..

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX‐V under the symbol GQC and in Frankfurt/Berlin with symbol M1W and with significant shareholder participation from Dominican Investors.

The Company is well funded to carry out its exploration programs and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana" 

Director & CEO

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.

Forward‐looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the services to be provided by DS Market, the benefits of the services to be provided by DS Market, the merits of the Company's mineral properties, the Company's development plans and exploration programs for its mineral properties, and the funding of the Company. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, uncertainties related to the services to be provided by DS Market, uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270604

Vancouver, British Columbia--(Newsfile Corp. - October 9, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the commencement of its 2025 drilling campaign at the Romero Gold-Copper Project, located in the Dominican Republic.

This program marks the first drilling completed at Romero since 2018 and represents an important step forward in advancing the Company's strategy to both develop the Romero Mineral Resource and test high-priority greenfield targets across the Tireo Belt (Figure 1).

Figure 1: Exploration Targets at the Tireo Project

GoldQuest is currently drilling hole LTP-171 (Figure 2), which has reached a depth of 220 metres, focused on metallurgical testwork to support the Romero development studies. A second drill rig, already mobilized, will commence further metallurgical drill holes later this week. The Company also plans to mobilize a third drill rig to the Cachimbo target to begin a 5,000-metre greenfield exploration program in early November, aimed at expanding gold-copper resource potential within the belt.

Figure 2: 2025 Metallurgical Drilling

Recent technical work has included a comprehensive review of district and local structural geology, which enhances the understanding of gold-copper mineralization controls and informs ongoing 3D structural modelling. GoldQuest has also been working with a senior geophysicist to reprocess and reinterpret historical geophysical datasets, improving the targeting of both brownfield and greenfield prospects.

Status of key technical activities:

Luis Santana, CEO of GoldQuest Mining Corp., commented: "With drilling now underway at Romero, we are executing on both our development and exploration objectives for the year. Our team's recent work has strengthened our geological understanding and refined our gold-copper exploration targeting across the Tireo Belt. These programs are designed to de-risk the project and build shareholder value as we continue advancing Romero and unlock additional discovery potential in the region."

Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this press release under NI 43‐101-Standards of Disclosure for Mineral Properties.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX‐V under the symbol GQC and in Frankfurt/Berlin with symbol M1W and over 20% ownership by local Dominican investors. The Company is well funded to carry out the exploration programs reported on in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

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.

Forward‐looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, and the allocation of funds for the BFS and the 2025 Program. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/269693

Vancouver, British Columbia--(Newsfile Corp. - August 26, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the awarding of the Bankable Feasibility Study ("BFS") for its 100%-owned Romero gold-copper project in the Dominican Republic to Sedgman Canada Ltd. ("Sedgman"), in partnership with SRK Consulting (Canada) Inc. ("SRK").

Sedgman will lead the BFS and assume overall responsibility for managing and integrating the study, coordinating key inputs from GoldQuest, SRK, and other third-party consulting groups. The study will be completed in accordance with National Instrument 43-101 regulatory standards. This collaborative and structured approach is designed to streamline communication between various consulting groups and GoldQuest technical management, define clear roles, and support efficient decision-making as the project progresses toward development.

"We're pleased to be working with Sedgman and SRK, two globally respected firms, to advance Romero through a well-defined, efficient and high-quality feasibility process," said Luis Santana, CEO of GoldQuest. "This announcement marks an important milestone as we move the project forward with technical expertise and a focus on long-term value creation."

The Romero Project, located in the San Juan Province, is one of the most advanced high-grade undeveloped gold-copper projects in the Caribbean and holds the potential to become a significant contributor to the region's economy.

Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this press release under NI 43‐101-Standards of Disclosure for Mineral Properties.

About Sedgman Canada Ltd.

Sedgman Canada Limited is a wholly owned subsidiary company of Sedgman Pty Limited, a CIMIC Group company. Sedgman is a leading provider of integrated minerals processing solutions. The company's 250-strong portfolio of high-performing processing plants and supporting mine-site infrastructure showcases the value of its specialist focus.

About SRK Consulting (Canada) Inc.

SRK Consulting is an independent, international consulting practice providing focused advice and solutions to the earth and water resource industries. They offer specialist services in fields such as due diligence, feasibility studies, permitting, operation optimization, mine waste and water management, and mine closure. They have been involved in a wide range of projects in most areas of the world and across the full spectrum of mineral commodities. Formed in 1974, SRK employs more than 1,600 professionals in over 44 offices on 6 continents, and has completed more than 30,000 projects worldwide.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX‐V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported on in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

Luis Santana
Director & CEO

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.

Forward‐looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, and the allocation of funds for the BFS and the 2025 Program. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/263914

Vancouver, British Columbia--(Newsfile Corp. - August 15, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the formal commencement of the Environmental and Social Impact Assessment ("ESIA") for its 100%-owned Romero gold-copper project in the Dominican Republic.

In July 2025, GoldQuest conducted seven community meetings across the project area and related surrounding communities close to Romero, with approximately 400 local residents participating. These sessions provided a transparent and inclusive forum to share project information, listen to community concerns, and gather early input to inform the assessment process.

The ESIA work plan has been developed in alignment with the Terms of Reference (ToR) issued by the Ministry of Environment and Natural Resources (MIMARENA) of the Dominican Republic. To support future access to international financing and uphold best practices, the ESIA is also being designed to meet internationally recognized standards, including the IFC Performance Standards, the Equator Principles, and guidelines from the International Council on Mining and Metals (ICMM).

This robust approach contributes to the advancement of several United Nations Sustainable Development Goals (SDGs), including SDG 6 (Clean Water and Sanitation), SDG 8 (Decent Work and Economic Growth), SDG 12 (Responsible Consumption and Production), SDG 13 (Climate Action), and SDG 15 (Life on Land).

"The launch of the ESIA marks a fundamental milestone for Romero," said Luis Santana, CEO of GoldQuest. "By aligning with both national and international frameworks, and by engaging meaningfully with our local communities from the outset, we are laying the groundwork for a transparent and sustainable development path."

Investor Relations Partnership

GoldQuest also announces that it has partnered with Adelaide Capital ("Adelaide"), a leading investor relations and capital markets advisory firm, to provide investor relations and consulting services to the Company.

Adelaide is a full-service investor relations firm that brings a unique and powerful perspective and a re-engineered investor relations business model. Adelaide will work closely with GoldQuest to develop and deploy a comprehensive capital markets program, which includes assisting with non-deal roadshows, virtual campaigns, social media, conferences and assisting with investor communication. In exchange for Adelaide's services, and pursuant to an investor relations consulting agreement (the "IRA"), the Company has agreed to pay a monthly fee of C$10,000 for a six-month term in addition to the grant of 50,000 stock options (the "Options") to Adelaide under the Company's omnibus incentive plan (the "Plan"). Subject to the policies of the TSX Venture Exchange (the "Exchange") and the terms and conditions of the Plan, the Options will have an exercise price of C$0.72 and shall expire five years from the date of issuance and shall vest in four equal proportions every three months after the grant date for a period of 12 months. The IRA is subject to approval by the Exchange. Adelaide is principally owned by Deborah Honig and is an arm's length company based in Toronto, Ontario. Adelaide is a full-service investor relations and social media firm that specializes in small-cap growth companies. As of the date hereof, Adelaide does not have any interest, directly or indirectly, in the Company or its securities.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX‐V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported on in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

Luis Santana
Director & CEO

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.

Forward‐looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the ESIA, the merits of the Company's Romero Project, the funding of the Company, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, the services to be provided by Adelaide, and the approval of the IRA by the Exchange. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to the design and completion of the ESIA; risks related to the Exchange approval of the IRA and the services to be provided pursuant to the IRA; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/262613

Vancouver, British Columbia--(Newsfile Corp. - July 24, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the first progress on its 2025 Exploration Program.

The Company continues to advance its dual-track strategy: the development of the Romero Project and a renewed focus on regional exploration within the Tireo Belt. Over the spring months, GoldQuest's Exploration team carried out an extensive program of trenching and channel sampling across Greenfield targets in the belt.

These efforts are aimed at narrowing down high-priority drill targets for a planned drill campaign of at least 5,000 metres, expected to commence in Q3 2025. This marks an important milestone for the Company, as it will be the first drilling since the 2018 campaign.

Luis Santana, CEO of GoldQuest Mining Corp., commented: "As we move forward with the Romero Project following the receipt of our Terms of Reference, we're equally focused on unlocking the broader potential of the Tireo Belt. Our Exploration team has been working diligently, and we're now beginning to see results that will guide our upcoming drill program. These efforts are key to creating long-term shareholder value while continuing to advance Romero."

GoldQuest has also contracted a specialist in structural geology to assist with the structural modelling of the projects and has a senior geophysicist reprocessing existing down-hole magnetic susceptibility data together with the raw data from the ground magnetic surveys. The GQC Exploration team has now implemented a modern, cloud-based database platform (MX Deposit) to organize the existing geological information, add new data and make it easily available for its analysis.

All this work is expected to culminate in a robust, integrated geological model to assist with targeting and drilling planned to start during Q3, 2025.

At Cañada La Vaca and Los Ganchos, results highlight a NW trending corridor of +4 km with gold mineralization at surface (consistent values >1 g/t in rock chips and trenches), robust soil anomalies (Au+Ag+Cu) and IP chargeability anomalies. Adding in results from the Cachimbo area, this trend extends to a +7.5Km trend as shown on the Figure 1 map below.

Figure 1.

GoldQuest is entering an exciting new phase of growth and development. After years of dedicated work in community engagement and constructive dialogue with government authorities, the company is now poised to advance the full potential of its highly prospective land package. With the recent receipt of the Terms of Reference for the Environmental and Social Impact Assessment (ESIA) of the Romero Project, GoldQuest is thrilled to move forward with the environmental studies at Romero and to resume exploration activities across the broader Tireo Belt, including the highly promising Cachimbo area.

Qualified Person

The scientific and technical information in this press release has been reviewed and approved by Leandro Sastre, P. Geo., VP of Exploration of GoldQuest and a Qualified Person for the technical information in this press release under NI 43‐101-Standards of Disclosure for Mineral Properties.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX‐V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported on in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

Luis Santana
Director & CEO

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.

Forward‐looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, and the allocation of funds for the BFS and the 2025 Program. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/259898

Vancouver, British Columbia--(Newsfile Corp. - July 9, 2025) - GoldQuest Mining Corp. (TSXV: GQC) "GoldQuest" or the "Company") is pleased to announce the closing of the second and final tranche (the "Second Tranche") of its previously announced non-brokered private placement (the "Private Placement") of common shares in the capital of the Company (the "Common Shares"), originally announced on May 14, 2025. The first tranche of the Private Placement (the "First Tranche") closed on June 2, 2025.

Under the Second Tranche, the Company issued 10,972,222 Common Shares at a price of C$0.50 per share to Guess Investments Ltd. (the "Investor"), an existing shareholder and insider of the Company, for gross proceeds of C$5,486,111.

Guess Investments Ltd. is owned and controlled by a group of Dominican nationals, highlighting the strong and growing support from local investors for GoldQuest's projects in the Dominican Republic.

Combined with the First Tranche, the Company issued a total of 32,423,099 Common Shares under the Private Placement, for gross proceeds of C$16,211,549.50. GoldQuest will now have C$28 million in the Treasury.

No finder's fees were paid in connection with the Second Tranche. The Private Placement remains subject to final acceptance of the TSX Venture Exchange (the "TSX-V"). All securities issued under the Private Placement are subject to a statutory hold period of four months, in accordance with applicable Canadian securities laws.

Upon closing the Second Tranche, the Company entered into an investor rights agreement with the Investor, which among other things, grants customary participation rights and top-up rights to allow the Investor to maintain its interest in GoldQuest, and provides the right for the Investor to nominate, at its election, up to two individuals to the Company's board of directors, while the Investor holds at least a 7.5% interest (for the first nomination right) or a 15% interest (for the second nomination right), in the Company. Following closing of the Second Tranche, the Investor owns 12.44% of the issued and outstanding Common Shares on a non-diluted basis. The first nominee of the Investor is Mr. Charles Reid, a current director on the Company's board of directors.

Use of Proceeds

The net proceeds from the Private Placement will be used to advance GoldQuest's key strategic and development initiatives, including:

• Completion of the Environmental and Social Impact Assessment (ESIA) at Romero.
• Finalization of the Bankable Feasibility Study (BFS) for the Romero Project.
• Mineral Exploration at the Tireo Belt.
• General Corporate Purposes.

Insider Participation and MI 61-101 Disclosure

Insiders of the Company acquired an aggregate of 1,242,000 Common Shares (C$621,000) under the First Tranche and acquired an additional 10,972,222 Common Shares (C$5,486,111) under the Second Tranche. Such insider participation constitutes a "related party transaction" as defined under TSX-V Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").

The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities to be acquired by insiders, nor the consideration paid by them, exceeds 25% of the Company's Market Capitalization.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian-based mineral exploration and development company with projects in the Dominican Republic. The Company is focused on advancing the Romero gold-copper project and exploring the Tireo Formation, a district known for its rich mineral potential. GoldQuest is listed on the TSXV under the symbol GQC.

Forward-looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the receipt of TSX-V approval, the use of proceeds of funds raised under the Private Placement, and the Company's focus on advancing the Romero gold-copper project and exploring the Tireo Formation. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to related to the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/258203

Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce that it has received today from the Ministry of Environment and Natural Resources of the Dominican Republic the official Terms of Reference ("ToR") for the Company's Romero gold-copper-silver project (the "Romero Project").

This marks a significant milestone, initiating the final phase of the Environmental Impact Assessment ("EIA") process required to obtain an environmental license for the future development of the proposed underground mine.

Luis Santana, CEO of GoldQuest, commented:

"Receiving the Terms of Reference is a pivotal step in the responsible development of our Romero Project. This document confirms the project's Category A classification under environmental law and allows us to formally launch a comprehensive environmental study. Its issuance is a clear recognition of the project's quality and the Dominican government's commitment to advancing Romero."

GoldQuest is also pleased to announce that AECOM, a globally recognized environmental consulting firm, has been selected to lead the EIA process for the Romero Project. AECOM's global experience and track record align with GoldQuest's commitment to exceed local environmental and social requirements by applying international best practices.

In addition to AECOM, GoldQuest will engage a multidisciplinary team of licensed Dominican environmental professionals to support the preparation of the EIA in accordance with the issued ToR.

Frank Balint, Chairman of GoldQuest, added:

"We believe Romero has the potential to become a model modern mining operation in the Dominican Republic, delivering substantial economic benefits to local communities and the country, while protecting the environment through best-in-class practices."

The Romero Project, located in San Juan Province, is a proposed underground mine designed to produce a copper concentrate containing gold and silver, using conventional processing methods. The project will incorporate state-of-the-art technology in both its mining and processing facilities to ensure operational efficiency, safety, and environmental performance. The Romero Project also includes an extensive infrastructure plan, encompassing the development of an access road, a processing plant, a filtered tailings storage facility, and a 69 kV power line connection to the national grid.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX‐V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

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.

Forward‐looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the EIA process; the Company's plans to engage professionals to support the EIA process; the completion of a comprehensive environmental study by the Company; the Company's ability to obtain an environmental licence for the development of the Romero Project; the development of the Romero Project, as well as economic benefits and details related thereto; the merits of the Romero Project; the Company's plans, studies and programs for its mineral properties, including the timing of such plans, studies and programs; and the Company's belief that Dominican Republic authorities will support the development of the Romero Project. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to the EIA process; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration and development; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/255291

Vancouver, British Columbia--(Newsfile Corp. - June 2, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce the closing of the first tranche (the "First Tranche") of its previously announced non-brokered private placement (the "Private Placement") of common shares in the capital of the Company (the "Common Shares"), originally announced on May 14, 2025.

In response to strong investor demand, the Private Placement has been increased to a maximum of 32,352,877 Common Shares at a price of C$0.50 per Common Share, for total gross proceeds of up to C$16,176,439.

Under the First Tranche, the Company issued a total of 21,450,877 Common Shares at a price of C$0.50 per Common Share, raising gross proceeds of C$10,725,438.50.

Approximately 82% of the funds raised in the First Tranche were contributed by investors based in the Dominican Republic, reflecting strong national support for the Company's projects and its commitment to local development. The entire Second Tranche will also be funded by Dominican capital.

Demand from Dominican investors was exceptionally strong, resulting in an oversubscription of the offering and requiring the Company to limit allocations and defer participation from a number of interested investors. This level of demand underscores the confidence and momentum behind GoldQuest's strategy and the Romero Project.

Insider participation in the First Tranche includes investments by three members of the Board of Directors, including the Company's CEO, demonstrating strong confidence in the Company's strategy, leadership, and the advancement of the Romero Project.

In connection with the First Tranche, the Company paid a cash finder's fee of approximately C$203,275 to Paola Cornielle, an arm's length party.

The Private Placement remains subject to final acceptance of the TSX Venture Exchange (the "TSX-V"). All Common Shares issued pursuant to the Private Placement are subject to a four-month statutory hold period under applicable Canadian securities laws.

Use of Proceeds

The net proceeds of the Private Placement will be used to fund the following initiatives:

• Completion of the Environmental and Social Impact Assessment (ESIA) at Romero.
• Finalization of the Bankable Feasibility Study (BFS) for the Romero Project.
• Mineral Exploration at the Tireo Belt.
• General Corporate Purposes.

Second Tranche

The Company has entered into a subscription agreement with Guess Investments Ltd. (the "Investor"), an existing shareholder and insider of the Company, for the purchase of the remaining 10,902,000 Common Shares under the Private Placement at a price of C$0.50 per Common Share, for additional gross proceeds of C$5,451,000 (the "Second Tranche").

Closing of the Second Tranche is subject to TSX-V approval, including the satisfactory completion of certain Personal Information Forms required to be submitted by the Investor.

Insider Participation and MI 61-101 Disclosure

Insiders of the Company acquired an aggregate of 1,242,000 Common Shares (C$621,000) under the First Tranche and are expected to acquire an additional 10,902,000 Common Shares (C$5,451,000) under the Second Tranche. Such insider participation constitutes a "related party transaction" as defined under TSX-V Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101").

The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101, as neither the fair market value of the securities to be acquired by insiders, nor the consideration paid by them, exceeds 25% of the Company's Market Capitalization.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian-based mineral exploration and development company with projects in the Dominican Republic. The Company is focused on advancing the Romero gold-copper project and exploring the Tireo Formation, a district known for its rich mineral potential. GoldQuest is listed on the TSX-V under the symbol GQC.

Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the closing of the Second Tranche, including receipt of TSX-V approval and the subscription from the Investor, the use of proceeds of funds raised under the Private Placement, and the Company's focus on advancing the Romero gold-copper project and exploring the Tireo Formation. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to related to the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/254244

Vancouver, British Columbia--(Newsfile Corp. - May 14, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce that it intends to offer, on a non-brokered private placement basis, up to 30 million common shares in the capital of the Company (the "Common Shares") at a price of $0.50 per Common Share, for aggregate gross proceeds to the Company of up to $15 million (the "Private Placement"). There is no minimum offering amount.

It is anticipated that the Private Placement will close on or before May 30^th, 2025, and the Private Placement is subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including the approval of the TSX Venture Exchange (the "TSXV").

The Company expects to use the proceeds of the Private Placement for:

• Completion of the Environmental and Social Impact Assessment (ESIA)
• Finalization of the Bankable Feasibility Study (BFS)
• Mineral Exploration at the Tireo Belt
• General Corporate Purposes

It is anticipated that certain insiders of GoldQuest will subscribe for Common Shares in the Private Placement. The issuances of Common Shares will be considered related party transactions within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company intends to rely on exemptions from the formal valuation and minority approval requirements contained in Sections 5.5(b) and 5.7(1)(a), respectively, of MI 61-101 in respect of such insider participation.

Common Shares issued under the Private Placement will be subject to a four-month statutory hold period, in accordance with applicable Canadian securities laws.

About GoldQuest Mining Corp.

GoldQuest Mining Corp. is a Canadian-based mineral exploration and development company focused on the Dominican Republic. The Company's flagship asset is the Romero gold-copper project, located within the highly prospective Tireo Formation. In addition to advancing Romero, GoldQuest continues to explore the broader Tireo Belt for new discoveries. The Company is listed on the TSX Venture Exchange under the symbol "GQC".

Forward-Looking Statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐looking statements in this news release include, but are not limited to, statements with respect to the offering price and closing date of the Private Placement, the use of proceeds of funds raised under the Private Placement, expected insider participation in the Private Placement, and the Company's focus on advancing the Romero gold-copper project and exploring the Tireo Formation. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "looks forward", "has proven", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to related to the implementation, application and interpretation of the recent changes to the Dominican Republic's environmental regulations; risks related to the ability of the Company to advance and complete a Feasibility study, Environmental and Social Impact Assessment and other studies on the Romero project; economic and political conditions globally and in the Dominican Republic; uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/252065

Vancouver, British Columbia--(Newsfile Corp. - April 29, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") today announced that after more than fifteen years of distinguished service, Bill Fisher, the Company's Chairman of Board of Director, will be transitioning out of the Chairmans role but will continue as member of the Board. Current Board member, Frank Balint, will take over the Chairman role in his place. The Company's Board of Directors appointed Mr. Balint as Chairman of GoldQuest Mining effective April 28, 2025.

GoldQuest would like to thank Bill for his longtime stewardship as Chairman going back to 2010 and will continue to rely on his expertise and direction complementing the Board going forward.

Luis Santana, CEO of GoldQuest said, "Bill's leadership has been critical to GoldQuest's endurance and success, and we thank him for his unwavering commitment as Chairman."

During his tenure as Chairman, Mr. Fisher successfully guided the Company through multiple gold discoveries, extensive permitting activities, significant growth and development. His leadership has been instrumental in advancing the Company's flagship projects, expanding its gold resources, and building significant value for shareholders.

Frank has been on the Board of GoldQuest since 2013 and is a seasoned mining executive with over 40 years of broad ranging experience in the mining industry. Mr. Balint has been involved in all aspects of the mining life cycle from exploration, discovery, delineation and estimation of reserves, feasibility, financing, acquisition, development and closure. Mr. Balint possesses strong technical skills backed up by solid financial experience that has resulted in a strong exploration and acquisition track record. As a senior member of the executive team at Inmet for nearly 20 years, he has had significant involvement with shaping, communicating, winning board support and executing a successful corporate strategy that saw Inmet grow from a market cap of less than $200 million to over $5 billion when it was purchased by First Quantum in March of 2013. Mr. Balint was also a former director of Wolfden Resources Inc., a TSX listed company which was sold to Zinifex in 2007 for $363 million.

About GoldQuest

GoldQuest is a Canadian based mineral exploration and development company with projects in the Dominican Republic. GoldQuest is traded on the TSX‐V under the symbol GQC and in Frankfurt/Berlin with symbol M1W. The Company is well funded to carry out the exploration programs reported in this release and to advance the development of its Romero gold/copper discovery, also located in the Tireo Formation of the Dominican Republic.

Additional information can be viewed at the Company's website www.goldquestcorp.com.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Frank Balint"

Chairman of the Board

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.

Forward‐Looking statements:

Statements contained in this news release that are not historical facts are forward‐looking information that involves known and unknown risks and uncertainties. Forward‐Looking statements in this news release include, but are not limited to, statements with respect to the past drill programs, the results of such drill programs and the interpretation of the results of the drill programs, further drilling, the timing of drilling and assay results, mineral resources at Romero and Romero South, the merits of the Company's mineral properties, future drill programs and studies, the Company's plans and exploration programs for its mineral properties, including the timing of such plans and programs, the Company's belief that Dominican Republic authorities will support the development of the Romero gold-copper project, and the allocation of funds for the BFS and the 2025 Program. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "expects" or "does not expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "should", "might" or "will be taken", "occur" or "be achieved".

Forward‐Looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward‐looking statements. Such risks and other factors include, among others, risks related to uncertainties inherent in drill results and the estimation of mineral resources; commodity prices; changes in general economic conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going concern; the Company's ability to raise funds through equity financings; risks inherent in mineral exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of litigation. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in forward‐looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward‐looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on forward‐looking statements. All statements are made as of the date of this news release and the Company is under no obligation to update or alter any forward‐looking statements except as required under applicable securities laws. Forward‐Looking statements are based on assumptions that the Company believes to be reasonable, including expectations regarding mineral exploration and development costs; expected trends in mineral prices and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that the Company's activities will be in accordance with the Company's public statements and stated goals; that there will be no material adverse change affecting the Company or its properties; that all required approvals will be obtained and that there will be no significant disruptions affecting the Company or its properties.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/250102