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GQC.V ·

Goldquest Grants Incentive Stock Options

Share Capital & Compensation

GOLDQUEST GRANTS INCENTIVE STOCK OPTIONS

VANCOUVER, B.C. April 10, 2017 - GoldQuest Mining Corp. (GQC.TSXV, “GoldQuest” or the “Company”)

announces that the board of directors has authorized the grant of an aggregate of 6,158,666 incentive

stock options (the “Options”) to directors, officers and employees of GoldQuest, at an exercise price of

$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 Options are granted pursuant to the Company’s stock option plan which was appro ved by

shareholders at the Company’s annual general meeting of shareholders held on June 16, 201 6. The

Company’s stock option plan and the grant of the Options is subject to the approval of the TSX Venture

Exchange.

On behalf of the Board of Directors,

Bill Fisher

Chairman

About GoldQuest

GoldQuest is a Canadian based emerging mineral development company with projects in the Dominican

Republic traded on the TSX-V under the symbol GQC.V and in Frankfurt/Berlin with symbol M1W.

For further information, please contact:

GoldQuest Mining Corp.

Bill Fisher

Office of the Chairman – Toronto

+1-416-583-5606

[email protected]

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.