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GoldQuest: Mining Advisor to the Executive Branch Makes Positive Comments About the Romero Project

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VANCOUVER, British Columbia, June 15, 2021 (GLOBE NEWSWIRE) — GoldQuest Mining Corp. (TSXV:GQC, “GoldQuest” or the “Firm”) Throughout an interview in El Gobierno de la Tarde the mining advisor of the Govt Department, Miguel Peña, mentioned final Friday that GoldQuest’s Romero undertaking, in San Juan de la Maguana, has the perfect circumstances to hold out a mannequin mine within the Dominican Republic and the world.

He was additionally quoted as stating that the Romero website has been misinterpreted by plenty of San Juan’s society and that the deposit has the perfect circumstances for an underground mine.

Dave Massola, CEO of GoldQuest Restricted acknowledged “We’re glad that Mr. Pena has acknowledged that the Romero Mission shall be a really perfect mine for the Dominican Republic because the Romero Mine shall be a easy underground mine with crushing, grinding and flotation and can solely use water collected from rain to provide a copper focus.”

The Firm is effectively funded with C$15.1 million in money reported on the finish of Q1 2021.

Hyperlink to Mr. Miguel Pena’s statements:

About GoldQuest:

GoldQuest is a Canadian based mostly mineral exploration and growth firm with tasks within the Dominican Republic. GoldQuest is traded on the TSX‐V below the image GQC and in Frankfurt/Berlin with image M1W. The Firm is effectively funded to hold out exploration packages and to advance the event of its Romero gold/copper discovery, additionally positioned within the Tireo Formation of the Dominican Republic.

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this information launch.

Ahead‐wanting statements:

Statements contained on this information launch that aren’t historic information are ahead‐wanting data that entails identified and unknown dangers and uncertainties. Ahead‐wanting statements on this information launch embody, however are usually not restricted to, statements with respect to potential growth and manufacturing from the Firm’ Romero Mission, the financial system of the Dominican Republic, the advantages of growth and manufacturing from the Romero undertaking on the financial system of the Dominican Republic, the NPV and IRR included within the PFS, future tax funds and exploration expenditures by the Firm within the Dominican Republic, the deserves of the Firm’s mineral properties, future packages and research, and the Firm’s plans and exploration packages for its mineral properties, together with the timing of such plans and packages. In sure instances, ahead‐wanting statements will be recognized by means of phrases comparable to “plans”, “appears to be like ahead”, “has confirmed”, “expects” or “doesn’t count on”, “is anticipated”, “potential”, “chance”, “seems”, “funds”, “scheduled”, “estimates”, “forecasts”, “at the least”, “intends”, “anticipates” or “doesn’t anticipate”, or “believes”, or variations of such phrases and phrases or state that sure actions, occasions or outcomes “could”, “may”, “would”, “ought to”, “would possibly” or “shall be taken”, “happen” or “be achieved”.

Ahead‐wanting statements contain identified and unknown dangers, uncertainties and different components which can trigger the precise outcomes, efficiency or achievements of the Firm to be materially totally different from any future outcomes, efficiency or achievements expressed or implied by the ahead‐wanting statements. Such dangers and different components embody, amongst others, dangers associated to financial and political circumstances globally and within the Dominican Republic; the COVID-19 pandemic, together with measures taken and which may be taken to aim to scale back the unfold of COVID-19, worker and contractor well being, security and availability, availability of supplies and gear, journey restrictions, and different dangers and uncertainties associated to the pandemic; uncertainties inherent in drill outcomes and the estimation of mineral assets; commodity costs; modifications typically financial circumstances; market sentiment; forex alternate charges; the Firm’s capacity to proceed as a going concern; the Firm’s capacity to boost funds by way of fairness financings; dangers inherent in mineral exploration; dangers associated to operations in overseas international locations; future costs of metals; failure of apparatus or processes to function as anticipated; accidents, labor disputes and different dangers of the mining business; delays in acquiring governmental approvals; authorities regulation of mining operations; environmental dangers; title disputes or claims; limitations on insurance coverage protection and the timing and attainable end result of litigation. Though the Firm has tried to establish essential components that would have an effect on the Firm and will trigger precise actions, occasions or outcomes to vary materially from these described in ahead‐wanting statements, there could also be different components that trigger actions, occasions or outcomes to not be as anticipated, estimated or supposed. There will be no assurance that ahead‐wanting statements will show to be correct, as precise outcomes and future occasions may differ materially from these anticipated in such statements. Accordingly, don’t place undue reliance on ahead‐wanting statements. All statements are made as of the date of this information launch and the Firm is below no obligation to replace or alter any ahead‐wanting statements besides as required below relevant securities legal guidelines. Ahead‐wanting statements are based mostly on assumptions that the Firm believes to be cheap, together with expectations concerning mineral exploration and growth prices; anticipated developments in mineral costs and forex alternate charges; the accuracy of the Firm’s present mineral useful resource estimates; that the Firm’s actions shall be in accordance with the Firm’s public statements and acknowledged objectives; that there shall be no materials hostile change affecting the Firm or its properties; that each one required approvals shall be obtained and that there shall be no important disruptions affecting the Firm or its properties.

Neither the TSX Enterprise Trade nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) accepts duty for the adequacy or accuracy of this information launch.


GoldQuest Corp

Dave Massola

Chief Govt Officer – Toronto


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