GOLDQUEST DEPLOYS SECOND DRILL RIG AT THE ROMERO MINERALIZATION IN THE DOMINICAN REPUBLIC

• PRELIMINARY INTERPRETATION SUGGESTS THE MINERALIZED HORIZONS MAY BE SUBHORIZONTAL

July 12th 2012, Vancouver, British Columbia - GoldQuest Mining Corp. (TSXV: GQC) (“GoldQuest” or the “Company”) is pleased to announce that a second drill rig has started drilling at the Romero Gold and Copper Discovery within its 100 percent owned Las Tres Palmas project in the Dominican Republic. LTP 90, the only hole to date that has assay results at the Romero discovery, returned 231 metres grading 2.4 g/t gold (see GoldQuest’s press release of May 29, 2012). The current program is testing the lateral continuity of the mineralization. – Goldquest press continues at the link below.

Source: Goldquest Mining Corp.
http://www.goldquestcorp.com/index.php/news/2012-news/161-goldquest-deploys-second-drill-rig-at-romero 

Disclosure:  GoldQuest Mining Corp. is a Vulture Bargain Candidate of Interest (VBCI).  Members of the GGR team may hold long positions in GQC.V.