Goldquest arranges $30-million private placement

Mr. Luis Santana reports GOLDQUEST ANNOUNCES C$30 MILLION PRIVATE PLACEMENT Goldquest Mining Corp. intends to offer, on a non-brokered private placement basis, up to 24,793,399 units of the company at a price of $1.21 per unit, for aggregate gross proceeds of up to approximately $30-million. There is no minimum offering amount. Luis Santana, chief executive officer of Goldquest, commented: "This financing strengthens our balance sheet and provides the company with the flexibility to advance exploration and early development activities in the Dominican Republic. We are particularly encouraged by the participation of a new institutional investor, alongside continued support from established Dominican institutional investors. Their involvement reflects long-term alignment with Goldquest's strategy and confidence in the quality of our assets and our disciplined approach to advancing the project. "The participation of one of the largest Dominican institutional investors, together with continued support from existing local institutional investors, represents an important strategic element of this financing. These investors have a long-standing presence in the Dominican financial market and bring long-term capital, local market knowledge, and a strong understanding of the Dominican Republic's regulatory and operating environment. Their continued participation supports the company's long-term strategic objectives and contributes to a stable and well-aligned shareholder base as Goldquest advances exploration and development activities in the Dominican Republic." Each unit will comprise one common share of the company and one-half of one common share purchase warrant. Each warrant will be exercisable to purchase one common share at an exercise price of $1.80 per common share for a period of 24 months from the closing date of the private placement. The private placement is expected to close on or before Dec. 19, 2025, subject to the completion of formal documentation and receipt of all necessary regulatory approvals, including approval of the TSX Venture Exchange. The company expects to use the proceeds of the private placement for early development activities at the Romero project, expansion of greenfield exploration drilling and general corporate purposes. Common shares and warrants issued under the private placement will be subject to a four-month statutory hold period in accordance with applicable Canadian securities laws. About Goldquest Mining Corp. Goldquest Mining is a Canadian exploration and development company with strong participation from Dominican investors, focused on advancing its gold and copper assets in the Dominican Republic. The company has a board of directors and management team with prior experience developing and operating a mine in the country. We seek Safe Harbor.