GoldQuest Investor Update - Romero Project
GoldQuest Investor Update - Romero Project
Vancouver, British Columbia--(Newsfile Corp. - May 5, 2026) -
GoldQuest Mining Corp
.
(TSXV: GQC)
(OTCQX: GDQMF)
("
GoldQuest
" or the "
Company
") wishes to provide an update regarding recent
public statements made by the President of the Dominican Republic concerning the Romero Project.
The Company notes that the government has announced a temporary halt to activities related to the
Romero Project in response to public concerns. Importantly, the Romero Project remains in the
environmental evaluation stage, and no exploitation permit has been granted to date, consistent with the
current regulatory process in the Dominican Republic.
The Company views this development as part of the broader stakeholder engagement process and
remains committed to working constructively with government authorities to address concerns and
provide transparent, science-based information regarding the Romero Project.
GoldQuest respects the position expressed by the President and reaffirms its commitment to:
Operating in full compliance with Dominican law, including the environmental permitting process
under Law 64-00;
Continuing engagement with local communities and stakeholders;
Advancing the Environmental and Social Impact Assessment (ESIA) in accordance with
international best practices, including IFC Performance Standards.
GoldQuest also highlights the strong fundamentals of the Romero Project, including its potential to
generate significant economic benefits for the Dominican Republic through employment, infrastructure
development, and fiscal contributions.
Luis Santana, Chief Executive Officer of GoldQuest, commented:
"We respect the position outlined by the President and view this as part of the necessary dialogue that
accompanies responsible project development. The Romero Project remains at the environmental
evaluation stage, and we are committed to advancing a rigorous, transparent process grounded in
robust technical work and international best practices. We will continue to work collaboratively with
government authorities, local communities and stakeholders to ensure concerns are addressed
thoughtfully and constructively; while highlighting the significant long-term economic benefits the project
can deliver to the Dominican Republic."
The Company will continue to monitor developments closely and will provide updates to the market as
appropriate.
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, statements with respect to advancement through the ESIA
process, continuing work with the Dominican authorities including local stakeholders and the potential of
the Romero Project. 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", "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
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/296109