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
commenced a 10,000 metre exploration drill program at new target areas within
its Tireo Project concessions. The drill program is designed to identify new
mineralized bodies which could increase the mineral resources in the Romero
Project area. 


Highlights:



--  10,000m exploration drill program now underway
--  Targeting Romero type mineralization 
--  8 large priority areas have been identified within 4 kilometers of
    Romero
--  Extensive Induced Polarization (IP) program on-going to refine drill
    targets from airborne survey



"We are very pleased to be commencing our 2014 drill program and to build on the
success of our Romero Project," commented Julio Espaillat, GoldQuest's CEO. "Our
recent airborne program, regional mapping and ground IP have identified a number
of strong targets both close to Romero and along the belt. Our goal for 2014 is
to discover new deposits and to grow our resource base in this exciting new
district."


The Company has a systematic targeting approach which utilizes the airborne ZTEM
survey to identify area of high priority and ground IP and surface mapping and
sampling to refine drill targets. Due to their proximity to existing mineral
resources, targets close to The Romero Project will be drilled first. The
proximity improves the likelihood of exploration success in finding Romero
styled gold-copper mineralization. See map at
http://www.goldquestcorp.com/images/press_release/Romero--Romero-South-New-ZTEM-Sections-05-05-2014.pdf.


The first target to be drill tested is 300 metres south of Romero in an area
where the ZTEM survey identified a large conductive body. Past drilling in the
area was too shallow to encounter the target, which starts at a depth of 250
metres. One of the 2013 holes, LTP-135, drilled the western edge of the anomaly
and ended in 2.1 metres of 10.6 g/t gold mineralization (see press release May
16, 2013). 


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, (159,931,563 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 10,000 metre drill program, 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", "likelihood", "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.



Image Available:
http://www.marketwire.com/library/MwGo/2014/5/5/11G015344/Images/mw18n78gscjgji1jm6177cqjk1bdk6-187279923697.jpg



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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