Goldquest Mining starts ESIA for Romero project

Executive Summary

• Goldquest Mining Corp. has officially started the Environmental and Social Impact Assessment (ESIA) for its fully‑owned Romero gold‑copper project in the Dominican Republic.
• The company held seven community meetings in July 2025, engaging roughly 400 local residents to gather input for the ESIA.
• Goldquest entered into a six‑month investor‑relations consulting agreement with Adelaide Capital, paying $10,000 per month and granting 50,000 stock options (exercise price $0.72) as compensation.

Key Details

• ESIA Initiation: Formal commencement of the ESIA for the Romero project, aligning with Ministry of Environment and Natural Resources (MIMARENA) terms of reference.
• Community Engagement: Seven meetings conducted in July 2025; ~400 participants from surrounding communities provided feedback to inform the assessment.
• International Standards: ESIA designed to meet IFC Performance Standards, Equator Principles, and ICMM guidelines to facilitate future international financing.
• Sustainable Development Goals: Project contributes to UN SDGs 6, 8, 12, 13, and 15 (clean water, decent work, responsible production, climate action, life on land).
• Investor Relations Agreement: Partnership with Adelaide Capital for IR services including non‑deal roadshows, virtual campaigns, social media, conference support, and investor communications.
• Compensation to Adelaide: Monthly fee of $10,000 for six months plus grant of 50,000 stock options under Goldquest’s omnibus incentive plan; options exercisable at $0.72, vesting quarterly over 12 months, expiring five years from issuance.
• Regulatory Note: The Investor Relations Agreement is subject to TSX Venture Exchange approval and complies with the company’s incentive‑plan policies.

Notable Quotes

“The launch of the ESIA marks a fundamental milestone for Romero,” said Luis Santana, CEO of Goldquest. “By aligning with both national and international frameworks, and by engaging meaningfully with our local communities from the outset, we are laying the groundwork for a transparent and sustainable development path.”