GoldQuest Reports 28.5 m Grading 10.1 g/t Gold (Uncut) at La Escandalosa from In-Fill Drilling

GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W)(BERLIN:M1W) ("GoldQuest"
or the "Company") announces assay results from three in-fill drill holes at La
Escandalosa on the Company's 100% owned Las Tres Palmas trend in the Dominican
Republic. The holes were from the in-fill program at the La Escandalosa NI
43-101 compliant mineral resource, which is located within the Las Tres Palmas
trend 1.5 kilometres south of the Romero discovery (see map of
http://goldquestcorp.com/images/press_release/Escandalosa_Plan_Map_June_2013.jpg).
The Company is also doing infill drilling at Romero, with the same objective as
this program, to increase confidence of the data in advance of any NI 43-101
resource estimate. 


The 3 holes were sited in consultation with the company's external Qualified
Person (QP), B.T. Hennessey, P.Geo., of Micon, designed to provide increased
confidence in the continuity of the gold mineralization, and increased data
density, with the three hole program providing approximately 25 metre drill
spacing in centre of the existing resource. 


Highlights of these holes include:



--  LTP-141 which contained 28.5 metres grading 10.11 g/t gold (uncut) and
    0.31% copper 
--  LTP-142 which contained 58.1 metres grading 4.03 g/t gold (uncut) and
    0.21% copper 
    --  Including 30.0 metres grading 7.69 g/t gold (uncut) and 0.37% copper
--  LTP-139 which contained 21.1 metres grading 4.58 g/t gold (uncut) and
    0.24% copper



"The strong gold results are located close to surface, and remind us of the
potential of La Escandalosa, particularly in the context of the adjacent Romero
discovery" commented GoldQuest President and CEO Julio Espaillat. "The grade of
both La Escandalosa and Romero gives us confidence in the potential of the
complete Las Tres Palmas trend. Drilling is ongoing in the area, including the
new geophysical targets on the Guama trend." 


The results from the new holes are summarized in the table below:



----------------------------------------------------------------------------
                                          Gold                         Gold 
             From       To   Interval     (g/t)   Copper              (g/t) 
Hole_ID        (m)      (m)        (m)    uncut      (%)  15 g/t top cut-off
----------------------------------------------------------------------------
LTP-139      21.00    42.13      21.13     4.58     0.24                4.57
----------------------------------------------------------------------------
LTP-141      33.55    62.00      28.45    10.11     0.31                7.03
        --------------------------------------------------------------------
               and                                                          
        --------------------------------------------------------------------
             74.00    88.00      14.00     0.35     0.14                0.35
----------------------------------------------------------------------------
LTP-142      41.92   100.00      58.08     4.03     0.21                2.74
        --------------------------------------------------------------------
         including                                                          
        --------------------------------------------------------------------
             46.00    76.00      30.00     7.69     0.37                5.19
----------------------------------------------------------------------------



The mineralization at La Escandalosa is sub horizontal. The in-fill holes are
vertical and the mineralized intervals represent approximate true-widths of the
mineralized body. A 15 g/t top cut-off was applied to the gold grade which
represents the 99th percentile on a cumulative frequency plot, as outlined in
the NI 43-101 Technical Report dated August 14, 2012. 


The 2012 Inferred Mineral Resources at La Escandalosa of 3.13 million tonnes at
3.14 g/t gold, using a 0.6 g/t gold cut-off, grade contains 316,000 ounces of
gold. Subsequent to the data cut off for modeling the resource an additional 14
holes, including the 3 reported herein, have been drilled in the footprint of
the existing resource. The company is working with Micon to examine the impact
of the additional drilling on the classification and contained metal in the
resource to determine if additional drilling is required prior to an updated
NI43-101 Mineral Resource estimate. 


The 3 new in-fill holes intersected similar grades and thickness and near
surface mineralized characteristics as the adjacent holes LTP-07, LTP-41 and
LTP-69, which were previously press released and details of the intervals are
included for comparison in the table below.




-------------------------------------------------------------------------
                                        To      From    Interval     Gold
Date Released            Hole_ID       (m)       (m)         (m)    (g/t)
-------------------------------------------------------------------------
May 30, 2006            LTP - 07     26.00     89.00       63.00     2.09
-------------------------------------------------------------------------
                       including     38.00     76.00       38.00     3.34
-------------------------------------------------------------------------
                       including     38.00     56.00       18.00     6.52
-------------------------------------------------------------------------
July 6, 2010            LTP - 41     25.00     78.00       53.00     3.02
-------------------------------------------------------------------------
                       including     36.00     52.00       16.00     9.39
-------------------------------------------------------------------------
December 15, 2011       LTP - 69     56.00     84.00       28.00     3.57
-------------------------------------------------------------------------
                       including     56.00     76.00       20.00     4.87
-------------------------------------------------------------------------
                             and     96.00    100.00        4.00     0.98
-------------------------------------------------------------------------



A complete set of all Las Tres Palmas drill hole collar coordinates and hole
directions can be found at: 

http://goldquestcorp.com/images/spreadsheets/UTMS_table_June_2013.xlsx

A complete set of assay results for all Las Tres Palmas drill holes can be found at:
http://goldquestcorp.com/images/spreadsheets/LTP_Assays_June_2013.xlsx 

As part of the Company's Quality Assurance and Quality Control procedures
(QA/QC), most of the high grade intervals are re-assayed and the Company is
awaiting these check samples. In addition, systematic re-assaying of intervals
is in progress, to confirm compliance of blanks and duplicates checks. The
Company also reviews results from Certified Standard Reference materials (CRSM
or Standards), which are inserted at a rate of 5 per 100 samples. Within the
results disclosed herein there were 2 samples from 2 separate batches, which had
results outside the recommended tolerances. One was for gold and the other was
for copper. The gold failure is not from a mineralized interval and the Company
has not requested re-assay of the batch. The batch with the copper failure is
being re-assayed. 


In GoldQuest's drill programs, composite intervals were chosen using a
combination of geological criteria and mineralization, averaging around 2 metres
core length. The drill core is cut in half with one half of the core sample
shipped to ACME Labs by GoldQuest technicians. The remaining half of the core is
kept at the company core shack for future assay verification, or any other
further investigation. Assays within intervals below the 0.005 g/t detection
limit for Au were given a zero value. All drill samples were prepared and
screened by ACME Labs (Santo Domingo); metallic fire assay and multi-element
ICP-MS were assayed by ACME Analytical Laboratories (Chile). Gold values are
determined by standard fire assay with an AA finish, or, if over 10.0 g/t Au,
were re-assayed and completed with a gravimetric finish. QA/QC included the
insertion and continual monitoring of numerous standards, blanks and duplicates
into the sample stream, at random intervals within each batch. The comprehensive
GoldQuest Quality Assurance and Quality Control protocols can be viewed on
GoldQuest's Website at:
http://goldquestcorp.com/index.php/corporate/corporate-governance. 


The information 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 143,980,044 shares outstanding
(157,831,568 on a fully diluted basis). 


Forward-looking statements: 

This news release contains certain statements that may be deemed
"forward-looking statements", including statements regarding the Company's
expectations and plans for its mineral projects, including its drilling programs
and the IP program. All statements in this release, other than statements of
historical fact, that address events or developments that GoldQuest expects to
occur, are forward- looking statements. 


Forward looking statements are statements that are not historical facts and are
generally, but not always, identified by the words "expects", "plans",
"anticipates", "believes", "intends", "estimates", "projects", "potential" and
similar expressions, or that events or conditions "will", "would", "may",
"could" or "should" occur. Although GoldQuest believes the expectations
expressed in such forward-looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and actual
results may differ materially from those in forward-looking statements. Factors
that could cause the actual results to differ materially from those in
forward-looking statements include exploitation and exploration success,
differing results from re-assays or other analytical procedures with respect to
the drill results, continued availability of capital, financing and required
resources (such as human resources, equipment and/or other capital resources)
and general economic, market or business conditions. Investors are cautioned
that any such statements are not guarantees of future performance and actual
results or developments may differ materially from those projected in the
forward-looking statements. Forward-looking statements are based on the beliefs,
estimates and opinions of GoldQuest's management on the date the statements are
made. GoldQuest undertakes no obligation to update these forward-looking
statements in the event that management's beliefs, estimates or opinions, or
other factors, should change, except as required by law. 


FOR FURTHER INFORMATION PLEASE CONTACT: 
GoldQuest Mining Corp.
Julio Espaillat
President & Chief Executive Officer
+1-829-919-8701
jespaillat@goldquestcorp.com


GoldQuest Mining Corp.
Sebastian de Kloet
Investor Relations - Toronto
+1-416-214-9151
investorrelations@goldquestcorp.com
www.goldquestcorp.com
GoldQuest Mining (TSXV:GQC)
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