GoldQuest Investor Update - Romero Project

• The most recent release (May 5, 2026) states the Dominican Republic government has announced a temporary halt to activities at the Romero Project.
• This action follows public concerns raised directly by the President of the Dominican Republic.
• GoldQuest clarifies the project is currently in the environmental evaluation stage (ESIA) and holds no exploitation permit yet.
• The company commits to continuing the ESIA process compliant with Law 64-00 and IFC Performance Standards.
• Management frames this as "necessary dialogue" but acknowledges the halt impacts current activities.
• This follows a May 4, 2026 update where the company announced an independent observer (Academia de Ciencias) to oversee ESIA transparency, which was previously viewed positively.

• The government-announced halt is a significant regulatory and political setback for a project in the Dominican Republic, a jurisdiction with historical sensitivity regarding mining permits.
• While the project is not yet in production (ESIA stage), halting activities delays the Environmental and Social Impact Assessment, which is a prerequisite for the Bankable Feasibility Study (BFS) completion targeted for Q4 2026 per the March 2026 presentation.
• This reverses the positive sentiment from the May 4 transparency initiative, suggesting government relations are more fragile than management implied.
• The delay increases the risk of cost overruns and extends the timeline to potential production, negatively impacting Net Present Value (NPV) calculations used by investors.
• Given the stock price has already declined ~35% from its February peak ($2.46 to $1.61), this news confirms underlying political risks that may have been priced in partially but now solidify as a material headwind.

• GoldQuest Mining Corp. focuses on developing the Romero gold-copper underground mine in the Dominican Republic (Tireo Belt).
• Flagship Project: Romero Project is 100% owned, located in San Juan province.
• Status: Development phase; PFS completed (28% IRR), ESIA underway, BFS engagement awarded to Sedgman/SRK in August 2025.
• Resources: Probable Reserve of 7.031 Mt @ 3.72 g/t Au, 0.88% Cu (1.117 Moz AuEq). Indicated Resources of 20.23 Mt.
• Exploration: Active drilling at Cachimbo target (high-grade VMS discovery in March 2026) to expand district potential.