GoldQuest Reports High Grade Gold Samples From El Toro Project

GoldQuest Mining Corp. report new sample results from its 100% owned El Toro project located in the central Dominican Republic. The El Toro project is excluded from the Gold Fields option agreement.

GoldQuest geologists have recently completed follow-up sampling on the 100% owned El Toro project located six kilometres northwest of the Las Animas project in the central Dominican Republic. El Toro comprises multiple mesothermal quartz veins defined over approximately 2.6 kilometres strike length with a northwest trend. The zone is approximately 1,000 meters wide and comprises several individual veins of up to 2.0 metres width, hosted in andesitic tuffs. Sampling of this zone returned 72 out of 182 rock grab and float samples (40%) with values greater than 1 g/t gold with a maximum value of 35.19 g/t gold. Fourteen samples returned gold values in excess of 10 g/t gold.

The property has now been geologically mapped and sampled in detail in preparation for trenching which will be started shortly. Exploration drill holes will subsequently be planned on the basis of trenching.

SANTA ANA & EL TUERTO PROJECTS

GoldQuest geologists have also initiated follow-up work on both the Santa Ana and El Tuerto properties. Both projects are also 100% owned by GoldQuest and excluded from the joint venture with Gold Fields.

Santa Ana is a zone of mesothermal quartz veins similar to that at El Toro located approximately six kilometres to the west. Reconnaissance sampling completed during the initial prospecting phase returned rock grab sample values up to 10.2 g/t Au.

El Tuerto is a significant area of anomalous stream sediment and rock grab and float sample geochemistry over several square kilometres area located approximately four kilometres west of Santa Ana and nine kilometres northwest of the Las Animas project. Preliminary sampling has given significant anomalies of copper, gold, silver and molybdenum in stream sediment and rock grab and float samples occur over a wide area centered on a large topographic high. Maximum values out of 53 rock grab and float samples are 6.7% Cu, 0.97 g/t Au, 32.8 g/t Ag and 0.08% Mo. Twenty-two rock grab and float samples (42%) returned values greater than 0.1% Cu including seven samples (13%) greater than 1.0% Cu. Mineralization is associated with quartz veins hosted by metabasic phyllites with quartz porphyry dikes and a diorite intrusion.

GoldQuest is a Vancouver based Exploration company focused on the Dominican Republic. Through regional grass-roots generative exploration and new geological models the Company has built a portfolio of new gold and copper discoveries including its 100% owned Las Animas Au-Ag-Cu-Zn project excluded from the Gold Fields joint venture.