Goldquest Mining Corp.

Published : July 07th, 2009

Announces Board Changes

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Re:   News Release - Monday, July 06, 2009
      GoldQuest Announces Board Changes
=======================================================================

VANCOUVER, BC, JULY 6, 2009 - GoldQuest Mining Corp. ("GoldQuest" or
the "Company") is pleased to announce the appointment of Anna
Stylianides to the GoldQuest Board of Directors.

Mr. Alistair Waddell, President & CEO of GoldQuest, commented, "The
Company is delighted to welcome Anna to the Board as her executive
expertise will assist the company to move forward.  Management looks
forward to her contributions as the Company continues to advance its
exploration programmes and grow shareholder value".

Anna Stylianides began her career in corporate law by joining the firm
of Webber Wentzel Attorneys in 1990 after graduating from the
University of the Witwatersrand in Johannesburg.  In 1992 she joined
Investec Merchant Bank Limited where she specialized in risk management
and gained experience in the areas of corporate finance and structured
finance, mergers and acquisitions, structuring, specialized finance and
other banking and financial services transactions.  She was also
involved in designing and structuring of financial products for
financial institutions and corporations.  She has been a director of
and has been engaged in the financial restructuring of certain Nasdaq
publicly traded companies and has knowledge of Canadian and SEC
securities regulations.  In recent years Ms Stylianides was the CEO of
FinTec Holdings Corp, a company specializing in structuring and
implementing corporate and structured finance transactions in the
Mining and Bio Science sectors.  In September 2005, Ms Stylianides
joined the Surgical Spaces, Inc Group of Companies as director and CEO
and has overseen its national expansion strategy as one of Canada's
private healthcare consolidators.  Ms Stylianides currently is on the
board of directors of various institutions such as Callinan Mines
Limited, Kaiser Foundation and the Frazer Institute.

The Company has granted Ms Stylianides an aggregate of 300,000
incentive stock options at an exercise price of $0.10 per share.  The
options have been granted pursuant to the terms of the Company's stock
option plan and will expire in five years.  The options have a vesting
schedule over a two year period.

The Company also regrets to announce the resignation of Vice-Chairman,
David Hall from its board of directors.  Mr. Hall has advised that he
is resigning from the Company due to time demands from other
professional commitments he has.  He has, however, agreed to continue
to assist the Company as a consultant and technical advisor, using his
extensive geological and exploration experience to help advance the
Company's portfolio in the Dominican Republic and Spain.

Management and the board would like to thank Mr. Hall as co-founder of
the Company and its former CEO for his considerable services as a
director and for his technical input into the development of new
geological models for the Dominican Republic.

About GoldQuest

GoldQuest is a Vancouver based exploration company with projects in the
Dominican Republic and Spain.  GoldQuest is traded on the TSX-V under
the symbol GQC.V and in Frankfurt / Berlin with symbol M1W.

On behalf of the Board of Directors,

"signed"
Alistair H. Waddell

For further information please contact:

Alistair Waddell
President & Chief Executive Officer

Dan Maarsman
Investor Relations - Vancouver, Canada
Tel: +1-604-632 4333
www.goldquestcorp.com
investorrelations@goldquestcorp.com

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:

This news release contains certain statements that may be deemed
"forward-looking statements". 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 market prices, exploitation and exploration success,
continued availability of capital and financing 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.

=======================================================================
Copyright (c) 2009 GOLDQUEST MINING CORP. (GQC)  All rights reserved.
For more information visit our website at http://www.goldquestcorp.com/
or send mailto:investorrelations@goldquestcorp.com
=======================================================================
.
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Data and Statistics for these countries : Dominican Republic | Spain | All
Gold and Silver Prices for these countries : Dominican Republic | Spain | All

Goldquest Mining Corp.

EXPLORATION STAGE
CODE : GQC.V
ISIN : CA38144C1005
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Goldquest Mining is a gold exploration company based in Canada.

Goldquest Mining holds various exploration projects in Dominican Republic.

Its main exploration properties are CERRO DORADO, PIEDRA IMÁN, JENGIBRE, LOS COMIOS, LAS TRES PALMAS / SAN JUAN, EL TORO, LOMA VIEJO PEDRO, SANTA ANA, LAS ANIMAS and LA ESCALANDOSA in Dominican Republic and TORAL in Spain.

Goldquest Mining is listed in Canada and in Germany. Its market capitalisation is CA$ 53.9 millions as of today (US$ 39.7 millions, € 35.8 millions).

Its stock quote reached its lowest recent point on May 18, 2012 at CA$ 0.04, and its highest recent level on August 24, 2012 at CA$ 2.03.

Goldquest Mining has 215 730 000 shares outstanding.

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Financings of Goldquest Mining Corp.
8/22/2012Closes $15 Million Bought Deal Private Placement
6/22/2012Closes Financing
5/30/2012GQC Bought Private Placement
Option Grants of Goldquest Mining Corp.
1/22/2011GoldQuest Appoints Bill Fisher as Chairman; Issues 300.000 S...
7/19/2010Grants Incentive Stock Options
5/10/2007Grants Incentive Stock Options
4/19/2006grants stock options
Nominations of Goldquest Mining Corp.
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7/5/2010Appoints William Fisher To Its Board Of Directors
Project news of Goldquest Mining Corp.
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7/30/2012GQC intesects significant mineralization at Romero=2C Domini...
7/18/2012GQC Intersects Mineralization at Romero of 159m grading 4.45...
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5/23/2012Release Drill Results Including 231 metres @ 2.4 g=2Ft Gold
1/11/2012GQC Drill Results Press Release
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3/2/2011(Toral)Announces Initial Resource Estimate for Toral Zinc-Lead-Silv...
12/3/2009(Los Comios)Provides Update on Dominican Los Comios Project
10/7/2009(Jengibre)Samples 59.50 meters Grading 1.58 g/t Gold From Dominican Je...
12/22/2008(Las Animas)GoldQuest Reports Drill Results From New Gold Zone at Las An...
12/22/2008(Las Animas)Reports Drill Results from New Gold Zone at Las Animas
9/26/2008(El Toro)Reports High Grade Gold Samples From El Toro
7/22/2008(Las Animas)Expands Dominican Las Animas Project
2/15/2008(Las Animas)Expands Las Animas Massive Sulphide Project and Defines New ...
11/26/2007(Las Animas)Announces Further Drill Results from Las Animas
10/18/2007(Cerro Dorado)Provides Update on Exploration Alliance with Gold Fields and...
8/29/2007(Las Animas)Intercepts 19.09 Meters Grading 3.07% Cu, 3.91% Zn, 2.03 g/t...
6/6/2007(Las Animas)Intercepts 142 Meters Grading 2.59% Cu, 1.91% Zn and 2.50 g/...
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5/17/2016GoldQuest Identifies Significant Gold Mineralization in Cach...
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4/12/2016GoldQuest Granted New Exploration License; Geophysical Anoma...
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1/13/2015GoldQuest Granted Concession Near Its Romero Gold/Copper Pro...
1/13/2015Granted Concession Near Its Romero Gold/Copper Project, Domi...
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1/6/2015GoldQuest Granted New Concessions Surrounding Its Romero Gol...
11/20/2014GoldQuest: Exploration Update for Tireo Project, Dominican R...
10/10/2014S&P Dow Jones Indices Announces Quarterly Review of S&P/TSX ...
8/14/2014GoldQuest Increases Land Package by 21% Surrounding Its Rome...
7/31/2014GoldQuest Releases Drill Results and Exploration Update at T...
7/16/2014GoldQuest Files Preliminary Economic Assessment for Gold-Cop...
5/27/2014GoldQuest Reports Positive Preliminary Economic Assessment f...
5/14/2014GoldQuest Corporate Update
4/1/2014Ceres Global Ag Corporation Appoints Chief Financial Officer
10/29/2013Reports Maiden Resource Estimate from Romero and Update at R...
10/2/2013Reports Romero Results from In-Fill Drilling and Provides Ex...
8/21/2013Reports 47.0 m Grading 6.90 g/t Gold and 0.94 % Copper (Gold...
7/9/2013Reports 34.0 m Grading 10.94 g/t Gold and 1.87% Copper (Gold...
6/24/2013Reminder-GoldQuest Mining: Annual General Meeting
6/24/2013Reminder-GoldQuest Mining: Annual General Meeting
6/13/2013Reports 28.5 m Grading 10.1 g/t Gold (Uncut) at La Escandalo...
5/16/2013Drilling Results at Las Tres Palmas, Dominican Republic. Com...
4/12/2013Drill Results at Las Tres Palmas, Dominican Republic and Ext...
3/27/2013Discovers New Geophysical Trend Two Kilometers from the Rome...
3/11/2013Grants Incentive Stock Options
2/22/2013Drilling Update at Las Tres Palmas, Dominican Republic
2/11/2013Announces 30,000 Metre Drill Program at Romero and Along Las...
1/17/2013Releases Drill Results at Las Tres Palmas, Dominican Republi...
10/30/2012Releases Drilling Results From Romero, Dominican Republic; I...
10/11/2012Expands Mineralization Footprint at Romero, Dominican Republ...
9/25/2012Drill Results at Romero, Dominican Republic; Includes Deepes...
9/11/2012ANNOUNCES ARRIVAL OF 700 METRE CAPABLE DRILL RIG AT ROMERO=2...
8/20/2012Files Updated Technical Reports
7/12/2012Deploys Second Drill Rig and Suggests Initial Interpretation
6/12/2012Geophysical Report
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6/8/2012Drill Program June=2FJuly 2012
5/2/2012GQC Press Release
3/5/2012GQC Press Release
12/16/2011GQC Press Release
8/24/2011GQC Press Release
7/19/2011Announces Granting of Lago Concession in Spain and Initiatio...
7/13/2011Announces Results of the Annual Meeting of Shareholders
6/8/2011Post Meeting Materials For The Annual Meeting Of Shareholder...
6/6/2011Announces The Granting Of Loma Oculta Exploration Concession...
4/19/2011Drilling Intercepts 36.5 Meters Grading 2.74 G/T Gold At La ...
7/7/2010Drilling Intercepts 26 Metres Grading 11.4 g/t Gold And 53 M...
6/2/2010Prospective Board and Chief Executive Changes and Schedules ...
4/20/2010Favourable Legal Ruling in Spain
4/12/2010Closes Second Tranche of Financing
4/1/2010Closes First Tranche Of Financing
1/15/2010Closing of Acquisition of Spanish Lead-Zinc-Silver Project
11/18/2009Completes Transaction with Gold Fields
8/14/2009Recieves Tsx Approval For Gold Fields Transaction
8/6/2009Acquires 100% Interest In Dominican Portfolio
7/7/2009Announces Board Changes
12/24/2008And Gold Fields To Restructure Dominican Exploration Agreeme...
9/16/2008Gold Fields Commences Drilling On Goldquest Projects
8/13/2008Neil MacDonald Comments on Gold Quest
3/5/2008 New Gold Discovery In Dominican Republic And Update On Gold...
3/23/2007SIGNS FORMAL AGREEMENT WITH GOLD FIELDS
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