GQC GoldQuest Mining Corporation

GoldQuest Mining Corp. (TSX VENTURE: GQC) (FRANKFURT: M1W) (BERLIN: M1W)
("GoldQuest" or the "Company") is pleased to announce that the Company has
completed an airborne ZTEM geophysical survey covering its 100% owned Tireo
Project, and has initiated its 2014 exploration program. Geotech Limited of
Canada has flown 3,285 kilometers of flight lines, with investigation depths
reaching 1.6 kilometers, allowing the Company to quickly and effectively
evaluate the geological and mineral potential of the Tireo Project.


Results of the ZTEM Survey show:



--  A strong correlation between the Romero and Romero South mineralization 
--  The Romero resistivity trend extends northwards over 1 kilometer past
    existing drilling and 0.5 kilometers south of Romero South
--  Additional new trends have been identified from the survey and field
    crews have been mobilized for ground follow up carrying out ground
    geophysics, along with geological and alteration mapping
--  An Induced Polarization ("IP") program has been commenced over ZTEM
    targets



"The ZTEM survey has revealed a strong correlation between the new survey data
and mineralization at Romero and Romero South," commented Julio Espaillat,
GoldQuest's CEO, "The survey has provided us with key insights into the
conductivity, magnetism, alteration and structure of the Tireo belt, with
numerous targets showing similar properties to that of Romero. We are
identifying exploration targets, and plan to announce the commencement of
drilling shortly, to compliment the Romero Project's Preliminary Economic
Assessment (PEA) expected in the coming weeks."


2014 Exploration Update:
Following the ZTEM survey, the Company is evaluating and ranking its regional
exploration targets. The 2014 field exploration program has commenced and a
focused ground IP program is underway. Insight Geophysics of Oakville, Ontario,
Canada is on site completing the ground IP program. The IP program is designed
to identify chargeable zones along the regional trends identified by the ZTEM
survey and mapping. The starting point for the IP program was along trend and
directly north of Romero. The Company anticipates that IP surveying will
continue for several months. Two drill rigs are stationed at the Company's field
camp next to Romero. The Company will initially mobilize one drill rig and
expects to commence drilling by the end of April.


At December 31, 2013, the Company had approximately $11 million in treasury and
is funded to complete the 2014 work programs and beyond.


The data in this press release has been reviewed and approved by Mr. Jeremy
Niemi, P.Geo., the Director, Technical Services of GoldQuest and a Qualified
Person for the technical information in this press release under NI 43-101
standards.


About GoldQuest
GoldQuest is a Canadian based mineral exploration company with projects in the
Dominican Republic traded on the TSX-V under the symbol GQC.V and in
Frankfurt/Berlin with symbol M1W, with 145,755,044 shares outstanding as at
March 31, 2014, (159,931,543 on a fully diluted basis, as at March 31, 2014).


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 results of the ZTEM geophysical
survey, the IP program, the commencement and completion of drilling, mineral
resource estimates, the Preliminary Economic Assessment, the merits of the
Company's mineral properties, future studies, the potential for underground
mining, and the Company's plans and exploration programs 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", "has proven", "expects" or "does not expect", "is expected",
"potential", "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 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.


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.



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FOR FURTHER INFORMATION PLEASE CONTACT: 

GoldQuest Mining Corp.
Julio Espaillat
President & Chief Executive Officer
+1-829-919-8701
jespaillat@goldquestcorp.com

GoldQuest Mining Corp.
Bill Fisher
Office of the Chairman - Toronto
+1-416-583-5606
wfisher@goldquestcorp.com
www.goldquestcorp.com

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