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GQC.V ·

GoldQuest Welcomes New Directors Coille Van Alphen and Jose Michelen

Management Changes

GoldQuest Welcomes New Directors Coille

Van Alphen and Jose Michelen

Vancouver, British Columbia--(Newsfile Corp. - February 26, 2026) -

GoldQuest Mining Corp. (TSXV:

GQC)

(OTCQX: GDQMF)

("

GoldQuest

" or the "

Company

") is pleased to announce the appointments

of Coille Van Alphen and Jose Michelen to the Company's board of directors (the "

Board

"), effective

immediately, to fill the vacancies created by

the

resignations of Bill Fisher and Julio Espaillat

from the

Board.

Mr. Fisher and Mr. Espaillat have served on the Board for 16 years and 15 years, respectively. The

Company would like to thank them both for their valuable contributions and service to GoldQuest over the

past years and wishes them continued success in their future endeavors.

Luis Santana, Director and Chief Executive Officer of GoldQuest, commented:

"We are very

pleased to welcome Coille and Jose to the Board of GoldQuest at this important stage in the

advancement of the Romero Project. Their combined experience in capital markets, corporate

governance, finance and strategic development will further strengthen our Board as we continue to

advance the Romero Project through permitting and towards development. At the same time, I would like

to sincerely thank Bill and Julio for their commitment and contributions to the Company."

Coille Van Alphen

Ms. Van Alphen is a Metals & Mining Portfolio Manager at Equinox Partners, a US-based global value

investment firm recognized for its long-term investment horizon and focus on good corporate

governance.

In this role, she manages a concentrated portfolio of precious metals miners and oversees

investments in base metals companies.

Previously, Ms. Van Alphen was Senior Analyst of a precious metals mutual fund at Toqueville Asset

Management (now Sprott Funds), where she was responsible for evaluating and monitoring global

mining equity investments. Earlier in her career, she worked at CPP Investment Board in global capital

markets and external portfolio management.

Ms. Van Alphen holds an MBA, graduating with distinction, from the Ivey School of Business at Western

University and is a CFA charterholder.

Jose Michelen

Mr. Michelen has profound corporate and investment experience in the Dominican Republic and South

America and has a track record of implementing and executing strategic corporate development goals

within various enterprises. He has been active in financial markets since 1996, initially working in New

York before co-founding a financial transactional platform in the Dominican Republic in 2002.

Since 2004, Mr. Michelen has focused on actively managing and overseeing investments across various

industries in the Dominican Republic and Central America. He is a founding partner and board member

of several Dominican financial institutions, including Centro Financiero Crecer, AG Investments and

Alpha Valores, and has served on the board of directors of the Bolsa de Valores de la República

Dominicana. He currently serves on the Board of Cevaldom.

Mr. Michelen holds an MBA from the Massachusetts Institute of Technology and a Bachelor of Science

degree from New York University.

About GoldQuest

GoldQuest Mining Corp. 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.

Additional information can be viewed at the Company's website

www.goldquestcorp.com

.

On Behalf of the Board of Directors of GoldQuest Mining Corp.,

"Luis Santana"

Director & CEO

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

:

Statements contained in this news release that are not historical facts are forward-looking information

that involves known and unknown risks and uncertainties. Forward-looking statements in this news

release include, but are not limited to, the merits of the Company's mineral properties. In certain cases,

forward-looking statements can be identified by the use of words such as "plans", "expects" or "does not

expect", "is expected", "potential", "likelihood", "appears", "budget", "scheduled", "estimates", "aims",

"forecasts", "at least", "intends", "anticipates" or "does not anticipate", or "believes", or variations of

such words and phrases or state that certain actions, events or results "may", "could", "would", "should",

"might" or "will be taken", "occur" or "be achieved".

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Company to be materially different from

any future results, performance or achievements expressed or implied by the forward-looking

statements. Such risks and other factors include, among others, risks related to uncertainties inherent in

drill results and the estimation of mineral resources; commodity prices; changes in general economic

conditions; market sentiment; currency exchange rates; the Company's ability to continue as a going

concern; the Company's ability to raise funds through equity financings; risks inherent in mineral

exploration; risks related to operations in foreign countries; future prices of metals; failure of equipment

or processes to operate as anticipated; accidents, labor disputes and other risks of the mining industry;

delays in obtaining governmental approvals; government regulation of mining operations; environmental

risks; title disputes or claims; limitations on insurance coverage and the timing and possible outcome of

litigation. Although the Company has attempted to identify important factors that could affect the

Company and may cause actual actions, events or results to differ materially from those described in

forward-looking statements, there may be other factors that cause actions, events or results not to be as

anticipated, estimated or intended. There can be no assurance that forward-looking statements will

prove to be accurate, as actual results and future events could differ materially from those anticipated in

such statements. Accordingly, do not place undue reliance on forward-looking statements. All statements

are made as of the date of this news release and the Company is under no obligation to update or alter

any forward-looking statements except as required under applicable securities laws. Forward-looking

statements are based on assumptions that the Company believes to be reasonable, including

expectations regarding mineral exploration and development costs; expected trends in mineral prices

and currency exchange rates; the accuracy of the Company's current mineral resource estimates; that

the Company's activities will be in accordance with the Company's public statements and stated goals;

that there will be no material adverse change affecting the Company or its properties; that all required

approvals will be obtained and that there will be no significant disruptions affecting the Company or its

properties.

For further information, please contact:

Luis Santana, Chief Executive Officer

1 (809) 224-0629

[email protected]

To view the source version of this press release, please visit

https://www.newsfilecorp.com/release/285499