Mr. Luis Santana reports

GOLDQUEST COMMENCES 2025 DRILLING PROGRAM AT ROMERO GOLD-COPPER PROJECT, DOMINICAN REPUBLIC

Goldquest Mining Corp. has commenced 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.

Goldquest is currently drilling hole LTP-171, 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.

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 continuing 3-D structural modelling. Goldquest has also been working with a senior geophysicist to reprocess and reinterpret historical geophysical data sets, improving the targeting of both brownfield and greenfield prospects.

Luis Santana, chief executive officer of Goldquest Mining, commented: "With drilling now under way 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 derisk 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 news release has been reviewed and approved by Leandro Sastre, PGeo, vice-president of exploration of Goldquest and a qualified person for the technical information in this news release under National Instrument 43-101, Standards of Disclosure for Mineral Properties.

About Goldquest Mining Corp.

Goldquest is a Canadian-based mineral exploration and development company with projects in the Dominican Republic. Goldquest is traded on the TSX Venture Exchange under the symbol GQC and in Frankfurt/Berlin with symbol M1W, with over 20-per-cent ownership by local Dominican investors. The company is well financed to carry out the exploration programs reported on in this news release and to advance the development of its Romero gold/copper discovery, also located in the Tireo formation of the Dominican Republic.

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