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

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

VANCOUVER, British Columbia, June 15, 2021 (GLOBE NEWSWIRE) – GoldQuest Mining Corp. (TSXV: GQC, “GoldQuest” or the “Company”) During an interview in El Gobierno de la Tarde, the mining advisor to the Executive Branch, Miguel Peña, said last Friday that GoldQuest’s Romero project, in San Juan de la Maguana, has the ideal conditions to carry out a model mine in the Republic Dominican and the world.

He was also quoted as saying that the Romero site has been misinterpreted by much of San Juan society and that the deposit has ideal conditions for an underground mine.

Dave Massola, CEO of GoldQuest Limited stated: “We are pleased that Mr. Peña has stated that the Romero Project will be an ideal mine for the Dominican Republic as the Romero Mine will be a simple underground mine with crushing, milling and flotation and only use the water collected from the rain to produce a copper concentrate. “

The Company is well funded with C $ 15.1 million in cash reported at the end of the first quarter of 2021.

Link to the statements of Mr. Miguel Peña:

https://www.opinionlibrebarahona.com/2021/06/insisten-en-explotacion-minera-en-san.html?m=1

About GoldQuest:

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

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 press release.

Forward-looking statements:

Statements in this press release that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward-looking statements in this press release include, but are not limited to, statements regarding the potential development and production of the Company’s Romero Project, the economy of the Dominican Republic, the benefits of the development and production of the Romero project. in the economy of the Dominican Republic, the NPV and IRR included in the PFS, future tax payments and exploration expenses of the Company in the Dominican Republic, the merits of the Company’s mining properties, programs and studies future plans and exploration programs of the Company for its mineral properties, including the timing of such plans and programs. In certain cases, forward-looking statements can be identified by the use of words such as “plans”, “expects”, “has proven”, “expects” or “does not expect”, “expected”, “potential”, “probability”, “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”, “could”, “should”, “could” or “will be taken”, “will occur” or “will be achieved”.

Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in the forward-looking statements. Said risks and other factors include, among others, risks related to economic and political conditions worldwide and in the Dominican Republic; the COVID-19 pandemic, including the measures taken and that can be taken to try to reduce the spread of COVID-19, the health, safety and availability of employees and contractors, availability of materials and equipment, travel restrictions and other risks and uncertainties related to the pandemic; uncertainties inherent in drilling results and mineral resource estimates; prices of raw materials; changes in general economic conditions; market sentiment; exchange rates; the company’s ability to continue as a going concern; the Company’s ability to raise funds through equity financing; risks inherent to 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 government approvals; government regulation of mining operations; Environmental risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of the 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 the forward-looking statements, there may be other factors that cause the actions, events or results to not be as planned, estimated or planned. There can be no guarantee that forward-looking statements will be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, do not place undue reliance on the forward-looking statements. All statements are made as of the date of this press release and the company has no obligation to update or modify any forward-looking statements, except as required by 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 objectives; that there will be no material adverse change affecting the Company or its properties; that all necessary approvals will be obtained and that there will be no significant disruptions affecting the business or its properties.

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 press release.

CONTACT INFORMATION

GoldQuest Corp

Dave massola

Executive Director – Toronto

+ 1-416-583-5606

dmassola@GoldQuestCorp.com

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