GoldQuest Broadens and Strengthens Team with Key Additions
GoldQuest Broadens and Strengthens Team with Key Additions
VANCOUVER, BC--(Marketwired – April 18th, 2017) - GoldQuest Mining Corp. (TSX VENTURE: GQC)
(FRANKFURT: M1W) (BERLIN: M1W) ("GoldQuest" or the "Company") is pleased to announce the
appointment of two important members to the management team to assist with the permitting and
development of its assets in the Dominican Republic. Georges Boissé has been appointed as Special
Advisor to the Company and Robert Crowley has been engaged as the full time Corporate and Social
Responsibility (CSR) Manager. These appointments reinforce GoldQuest’s commitment to active
engagement with the Dominican communities at both a national and local level as it advances the
permitting process of the Romero Gold/Copper Project and the regional exploration programs.
Mr. Boissé previously served as Canadian Ambassador to the Dominican Republic from 2012 to 2014.
He joined the Canadian Foreign Service in 1991 working in Costa Rica, the Philippines, Poland, Tunisia,
Paris, New York, Mexico and the Dominican Republic, and, before his ambassadorial appointment held a
number of senior positions including Immigration Manager in Tunis, New York and Mexico. Originally
from Rouyn-Noranda, Québec, he is widely recognized as a proponent of responsible mining.
Mr. Crowley is based in Santo Domingo, Dominican Republic and has 30 years of international leadership
and management experience across 15 Latin American, Caribbean and Central Asian nations. His
experience includes 12 years of large, multi-national project management and strategic planning,
financing and planning to international standards for soil and water conservation, biodiversity,
protected area management and financing of natural resources. He also has over 15 years’ experience in
training, managing and motivating teams in developmental themes for Non-governmental organizations
and communities, as well as fundraising skills resulting in US$126.5 million bi-lateral and multi-lateral
grants, complementing funding of US$100 million national level co-funding. Specifically in the Dominican
Republic, he served as Bi-National Project Director of the Artibonite River Basin Management
(Dominican Republic-Haiti), United States Agency for International Development (USAID)/ United States
Department of Agriculture (USDA) liaison to forestry planning and USDA liaison to the Secretariat of the
Presidency. As USAID’s Technical Assistance Specialist to the Dominican Republic, he developed national
guidelines for agriculture, forestry and watershed management. Much of this work was carried out in
the San Juan Valley and environs, where GoldQuest’s Romero Project and other exploration concessions
are located.
“We are honoured to have attracted such high profile and skilled personnel to enhance our team as we
go through the mine permitting processes,” commented Bill Fisher, GoldQuest’s Executive Chairman.
“These appointments allow us to further engage with the Dominican authorities and stakeholders at all
levels. Following our recent C$23 million financing (see March 8, 2017 new release), we are building a
first-class team charged with the development of the Romero Project and have doubled our drilling
efforts in the surrounding district.”
Further to the Company’s news release dated April 10, 2017, the board has authorized the grant of an
additional 230,000 incentive stock options (the "Options") to certain officers and employees of
GoldQuest, at an exercise price of C$0.50 per share. The Options are exercisable for a five-year period
from the date of grant and will vest as follows: 1/3rd on the 6 month anniversary from the date of the
grant; 1/3 on the first anniversary from the date of the grant and the final 1/3rd on the 18 month
anniversary from the date of the grant.
The information in this press release has been reviewed and approved by Mr. Jeremy Niemi, P. Geo.,
Vice President, Exploration of GoldQuest and a Qualified Person for the technical information in this
press release under NI 43-101 standards.
About GoldQuest
GoldQuest is a Canadian based mineral exploration company with projects in the Dominican Republic.
GoldQuest is traded on the TSX-V under the symbol GQC and in Frankfurt/Berlin with symbol M1W.
GoldQuest is actively exploring the favorable Tireo Formation which hosts the Romero deposit
discovered in May 2012. Recently the Company released results from the Pre-feasibility study on the
Romero project (see the Company's September 27, 2016 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, the Company's plans and programs for its mineral properties, including the timing of
such plans and programs and 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", "has proven", "expects" or
"does not expect", "is expected", "potential", "goal", "enable", "proposed", "appears", "budget",
"scheduled", "estimates", "forecasts", "at least", "intends", "hope", "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 and uncertainties inherent in
mineral exploration and the estimation of mineral resources and reserves; 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 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.
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.
CONTACT INFORMATION
GoldQuest Mining Corp.
www.goldquestcorp.com
Julio Espaillat
President & Chief Executive Officer
+1-829-919-8701
Bill Fisher
Executive Chairman - Toronto
+1-647-271-4505
Katherine Fedorowicz
Investor Relations
1-877-919-5979