Vancouver, British Columbia--(Newsfile Corp. - June 11, 2025) - GoldQuest Mining Corp. (TSXV: GQC) ("GoldQuest" or the "Company") is pleased to announce that it has received today from the Ministry of Environment and Natural Resources of the Dominican Republic the official Terms of Reference ("ToR") for the Company's Romero gold-copper-silver project (the "Romero Project").

This marks a significant milestone, initiating the final phase of the Environmental Impact Assessment ("EIA") process required to obtain an environmental license for the future development of the proposed underground mine.

Luis Santana, CEO of GoldQuest, commented:

"Receiving the Terms of Reference is a pivotal step in the responsible development of our Romero Project. This document confirms the project's Category A classification under environmental law and allows us to formally launch a comprehensive environmental study. Its issuance is a clear recognition of the project's quality and the Dominican government's commitment to advancing Romero."

GoldQuest is also pleased to announce that AECOM, a globally recognized environmental consulting firm, has been selected to lead the EIA process for the Romero Project. AECOM's global experience and track record align with GoldQuest's commitment to exceed local environmental and social requirements by applying international best practices.

In addition to AECOM, GoldQuest will engage a multidisciplinary team of licensed Dominican environmental professionals to support the preparation of the EIA in accordance with the issued ToR.

Frank Balint, Chairman of GoldQuest, added:

"We believe Romero has the potential to become a model modern mining operation in the Dominican Republic, delivering substantial economic benefits to local communities and the country, while protecting the environment through best-in-class practices."

The Romero Project, located in San Juan Province, is a proposed underground mine designed to produce a copper concentrate containing gold and silver, using conventional processing methods. The project will incorporate state-of-the-art technology in both its mining and processing facilities to ensure operational efficiency, safety, and environmental performance. The Romero Project also includes an extensive infrastructure plan, encompassing the development of an access road, a processing plant, a filtered tailings storage facility, and a 69 kV power line connection to the national grid.

About GoldQuest

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

Additional information can be viewed at the Company's website .

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

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.

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 EIA process; the Company's plans to engage professionals to support the EIA process; the completion of a comprehensive environmental study by the Company; the Company's ability to obtain an environmental licence for the development of the Romero Project; the development of the Romero Project, as well as economic benefits and details related thereto; the merits of the Romero Project; the Company's plans, studies and programs for its mineral properties, including the timing of such plans, studies and programs; and the Company's belief that Dominican Republic authorities will support the development of the Romero Project. In certain cases, forward‐looking statements can be identified by the use of words such as "plans", "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 the EIA process; delays in obtaining governmental approvals; government regulation of mining operations; environmental risks; uncertainties inherent in drill results and 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 and development; 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; 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.

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