#11 GOLDQUEST TSXV:GỌC The Romero Copper-Gold Discovery Dominican Republic December 2012 CON GoldQuestCorp.com#22 Forward Looking Statements Statements in this document, to the extent not based on historical events, constitute forward-looking statements. Forward-looking statements include, without limitation, statements regarding market and general economic conditions, exploration plans, and statements regarding future-oriented costs and expenditures. Investors are cautioned not to place undue reliance on these forward-looking statements, which reflect management's analysis only as of the date thereof. These forward-looking statements are estimates and are subject to certain risks and uncertainties that could cause actual results to differ materially. Such risks and uncertainties with respect to the company include the effects of general economic conditions, changing foreign exchange rates and actions by government authorities, uncertainties associated with exploration, with exploration, legal proceedings and negotiations, industry supply levels, competitive pricing pressures and misjudgments in the course of preparing forward-looking statements. GoldQuestCorp.com | TSX-V: GQC ଏଯଜ#33 GoldQuest Snapshot May 23, 2012 - Announcement of Romero Discovery hole: 231m @2.4g/t gold Discovery in the Dominican Republic (DR), mining friendly jurisdiction Experienced board & management with previous successful development in the DR $19M in treasury (as at Sept. 30, 2012) Additional portfolio of mineral projects & investments ଏଯଜ GoldQuestCorp.com TSX-V: GQC#4QOD . . . . . Steps to Romero Discovery 2001 Exploration for gold began in Dominican Republic 2003: GoldFields JV initiated and Escandalosa Discovered 2005: Las Tres Palmas Concessions granted 2005-2008: San Juan Valley exploration focus 2009 Agreement to purchase GoldFields interest signed 2010 Concessions expired and renewed as La Escandalosa : 2011: IP Survey 2011 2012: Romero Discovery 4 GoldQuestCorp.com | TSX-V: GQC#5N Dominican Republic Focused Z← 5 Central America Caribbean Sea Pacific Ocean Atlantic Ocean Dominican Republic South America QOD GoldQuestCorp.com | TSX-V: GQC#66 MON Dominican Republic Background Pro-mining & pro-foreign investment Well-established, competitive mining and tax code Long history of resource projects; Key industry for the DR economy Barrick / Goldcorp (Canada) - Over $4 Billion investment at Pueblo Viejo (22M Oz Gold & 117.3M Oz Silver) First pour August 2012 Xstrata (Switzerland) - Large scale Nickel Complex since 1971 Perilya (Australia) acquired Cerro de Maimon Copper/Gold mine for $180M GoldQuest (Canada) Las Animas - NI 43-101 Copper/Gold resource DOMINICAN REPUBLIC CERRO MAIMON FALCONDO ARRICK DEBLO VIEJO BARRICK PUEBLO GoldQuestCorp.com | TSX-V: GQC#7Regional Geology: Central Hispaniola 40 km • Exploring the south-west margin of Tireo Group of volcanics Volcanics are Cretaceous age Dacite Breccias appear to be most favorable host 72°00' Dajabón Haití Restauración SJRFZ BGFZ JAMAICA NORTH AMERICA PLATE SOB HISPANIOLA 70° 250 km a 22 Puerto Rico trench Study Area CARIBBEAN PLATE AND OCEANIC PLATEAU Beats Ridge Los Muertos french Cenozoic cover CCOP S. Rodriguez HFZ Jicomé LTB LMSZO RBSZ Jarabacoa PUERTO RICO 18 Igneous and metamorphic island-arc related rocks Submerged Bahama carbonate platform Bahama platform near sea level High-P complexes in Hispaniola La Vega 70°00' ଏଯଜ 7 + La Escandalosa Central Hispaniola Peralta fold-and-thrust belt Pelona-Pico Duarte Fm and Peña Blanca Fm Siete Cabezas Fm and Peralvillo Sur Fm Tireo Group Río Verde complex Duarte complex and Loma La Monja assem. Loma Caribe peridotite (Map from Escuder Viruete et al., 2008) Dominican Republic Tonalitic rocks Gabbroic rocks Constanza ㅁ D Bonao 19°00' HVFZ HFZ Villa Altagracia BGFZ GoldQuestCorp.com Santo Domingo b TSX-V: GQC#88 2,080,000 m 2,090,000 m Regional Geology and Concessions 230,000 m 240,000 m 250,000 m 260,000 m 270,000 m 280,000 m N 2,100,000 m 2,110,000 m 2,120,000 m Legend Age Quatenser T C Tedia Jurass Gebond Came Coricar & San Valentin Patricio □□ Sediments Quaternary Deposts Sandstones Limestones Shales Sediments Conglomerates Metamorphics & Misc. Metamorphics Pecember Breccias Alteration Mixed Sediments & Volcanics Volcanics Acid Volcanics Alkalic Volcanics Volcaniclastic Sediments Intermediate Volcanics & Volcanics Basic Volcanics Intrusives Acid & intermediate Intrusives Akaic Intrusives Basic Intrusives Ultrabasics Los Comios La Bestia Las Tres Veredas Descansadero Los Gajitos Goldquest Camp La Escandalosa L Lomà Viejo Pedro Tocon de Pino San Juan Jentibre 5 Kilometers 290,000 m GoldQuestCorp.com | TSX-V: GQC ଏଯଜ#96 Romero Landscape Romero Hondo Valle ଏଯଜ GoldQuestCorp.com | TSX-V: GQC#1010 • Las Tres Palmas Trend Hondo Valle Mineralization Includes: • LTP - 65 29 m @ 2.2 g/t gold • LTP - 02 42 m @ 1.7 g/t gold La Escandalosa Mineralization Includes: • LTP - 07 60 m @ 2.1 g/t gold • LTP - 39 26 m @ 11.4 g/t gold . LTP - 41 53 m @ 3.0 g/t gold • LTP - 62 36 m @ 2.7 g/t gold Inferred Resource: 3.1M tonnes @ 3.14 g/t gold, Containing 316,000 ounces of gold 1 By Micon International Limited, 2012 Induced Polarization (IP) geophysical program in yellow commissioned leading to 2012 drill program 1 See Press Release "GoldQuest files updated Technical Report" dated August 20, 2012 at www.goldquestcorp.com 2,112,000 mN 2,113,000 mN 2,114,000 mN 2,11,000 mN 2,116,000 mN 2,117,000 mN 257,000 mE ඕ Hilguera 258,000 mE 259,000 mE 260,000 mE LTP-66 LTP-65 Hondo Valle LTP-64 LTP-63 P-575 LTP-49 LTP-56 La Escandalosa Sur 0 0.5 kilometers IP Line Actual Holes Previous Holes NI-43-101 contour 10 g/t X m Gold GoldQuestCorp.com TSX-V: GQC ଏଯଜ#1111 Chargeability and Conductivity L-1500 U 257000 10.00 854 257510 251006 258500 258500 7.09 651 608 L3000 N 577 523 501 454 1200 N 387 12410 N 347 328 311 12200 N 280 201 247 236 225 L1800 N 214 202 1.91 L1600 N 180 + 1.30 1.16 1.05 0.91 chargeability L1440 N L-10 mVN L2000 H L1400 N 1200 N LIN 12600 N LMEN L2200N 1300 200 200 L1100 M L-3000 257100 257530 25004 L100 N- LIND N Scale 1:10000 L-3000 N L-2100 N L-230 N 1-400 N L-600 N L-2800 s 00 CON L2000 N 257900 757500 25000 250500 259508 8.56 L1200 N 500 4.54 4.22 + 3.71 349 3.30 3.13 2.00 L2000 N 2.63 2.54 244 235 226 218 12200 2.02 1.96 + 1.88 1800 N L180) N Romero 1.60 1.48 L1600 N + 1410 N 128 L1000 N LOGON 254500 200100 GOLDQUEST CORPORATION CHARGEABILITY D-283M La Escandalosa Project, Daminican Republic May 2012 Escandalosa 1.04 L200 N 096 086 L1100 0.73 conductivity mS/m 1-140 L L-1600 N 1800 N LODI 4-2010 N L240 + L-2000 N 1200 N + 4-2008 N 260000 1300 N LOGGEN L2000 N L1204 N 12000 N 800 N L1700 600 N N+ 257100 257500 256000 258500 259000 259500 Plan view of chargeable and conductivity response at 280m below surface from 2011 IP Survey L-000 GODN L-2600 u -2100 200N L600 K 260000 1900 N C1430 N L1000 N GOLDQUEST CORPORATION CONDUCTIVITY D-213M La Escandalosa Project, Dominican Republic MON GoldQuestCorp.com TSX-V: GQC#1212 Chargeability at Romero ଏଯଜ 8.0 1300 LA ESCANDALOSA LINE 1600N 6.4 1300 6.0 5.9 5.7 5.6 1200 1200 5.4 5.1 94 5.0 99929093 96 4.9 1100 1100 4.7 4.6 4.5 4.4 4.2 4.1 1000 1000 4.0 3.9 3.8 3.6 3.5 900 900 3.4 3.2 3.1 2.8 800 800 2.6 2.4 .9 1.6 1.2 700 700 0.6 258000 258200 258400 258600 258800 259000 (drillholes projected N-S onto E-W section) 259200 259400 259600 259800 260000 chargeability mV/V W-E Section through Romero displaying chargeable response and drill hole traces from 2011 IP Survey GoldQuestCorp.com | TSX-V: GQC#1313 2,115,800 m 2,115,900 m 2,116,100 m Romero Drilling to date 258,300 m 1700 258,400 m 258,500 m 258,600 m 258,700 m 258,800 m 258,900 m. LTP-102 LTP-97 LTP-98 LTP-101 TP-94 LTP-99 LTP-100 LTP-90 LTP-96 LTP-112 LTP-116 LTP-93 LTP-92 LTP-103 LTP-95 LTP-119 LTP-104 LTP-107 LTP-105 LTP-11 LTP-108 Romero Hondo Valle Field 2.5 KM Camp Escandalosa Las Tres Palmas Trend LTP-1130 LTP-106 LTP-91 LTP-109 TP-109 ROMERO DISCOVERY LTP-118 LTP-115 LTP-111 +00 LTP-114 LTP-117 LTP-66 0 50 100 Meters Plan Map Of Drill Holes Collar Location Chargeability at 200m depth over Satellite image LTP-89 Drill Hole Legend Status Reported Holes Pending Holes O In Progress Holes Orientation Vertical Inclined N GoldQuestCorp.com | TSX-V: GQC MON#1414 Current Drilling at Romero Discovery 600 m 700 m 800 m 900 m 1,000 m 1,100 m 1,200 m 0m A 403 88 M LTP-102 100 m Romero LTP-99 398.98 M 432.82 M 200 m 300 m 400 m 500 m 600 m 700 m 800 m LTP-94 LTP-92 LTP-90 LTP-03 265 25 M LTP-105 LTP-108 231.65 M 234.76 M Cross-Section through Romero and Hondo Valle Showing lithology and mineralization LTP-91 Untested Ground 100 metres 200 Hondo Valle 213.36 M LEGEND LTP-89 1 OVERBURDEN UPPER ANDESITE DACITE LOWER ANDESITE Au+Cu MINERALIZATION GOLD (MAX 5g/t) COPPER (MAX 1%) A' GoldQuestCorp.com | TSX-V: GQC CON#1515 • Hole LTP-93: High Grade Interval 138 to 150 = [email protected]/t Au &1.59% Cu Sample D-27251 138.0 to 140.0m (2.0m @ 9.9g/t Au and 1.46% Cu) Sample D-27252 140.0 to 142.0m (2.0m @ 15.7g/t Au and 2.31% Cu) LTP-93-88x34 143.26 143.03-14740 ଏଯଜ Sample D-27253 142.0 to 144.0m (2.0m @ 25.7g/t Au and 1.39% Cu) GoldQuestCorp.com | TSX-V: GQC#16Where next? QOD 16 GoldQuestCorp.com | TSX-V: GQC#1717 B 2.5km Drilling to Test Full IP Anomaly B' N Romero Depth: 50 to >550m 1000 1700 N LIAN 1300 L100 N Target Area Limited Shallow Drill Coverage 2011 IP Survey Chargeability at 280m depth QOD L-UE La Escandalosa Sur Outcropping: Inferred Resource: 3.1M tonnes @ 3.14 g/t gold, GoldQuestCorp.com | TSX-V: GQC#1818 North of Escandalosa Drilling appears to have stopped short at La Escandalosa LA ESCANDALOSA LINE 600S 1400 1300 1200 1100 1000 900 800 700 257400 257600 257800 Note: drillholes projected N-S onto E-W section 1300 1200 1100 1000 900 800 Romero Line 1600N 700 258000 258200 Note: 94 and 96- awaiting assay 8.0 7.4 7.0 6.7 6.4 - 1400 6.2 6.0 5.9 5.7 1300 5.6 5.4 5.2 5.1 68 53 21 36 37 1200 5.0 4.9 4.7 42 67 62 4.6 08 4.5 1100 4.4 4.2 4.1 4.0 3.9 1000 3.8 3.6 3.5. 3.4 900 3.2 3.1 2.9 2.8 100gt Au Cu 800 2.6 2.4 2.2 10% 1.9 258000 258200 258400 258600 1.6 258800 259000 259200 259400 700 1.2 0.6 chargeability mV/V 6.4 1300 6.2 6.0 5.9 5.7 5.6 1200 5.4 5.2 51 94 99 929093 96 5.0 4.9 1100 4.7 46 4.5 4.4 4.2 4.1 1000 4.0 3.9 3.8 3.6 3.5 900 3.4 3.2 3.1 28 2.6 800 2.4 .6 700 0.6 258400 258600 258800 259000 259200 259400 259600 259800 260000 99-drilling in progress (drillholes projected N-S onto E-W section) chargeability mV/V ଏଯଜ GoldQuestCorp.com TSX-V: GQC#1919 LTP - Mag and IP 2,108,000 m 2,110,000m 2,112,000m 2,114,000 m 2,116,000 m 2,118,000 m 2,120,000 m 250,000 m 252,000 m 254,000 m 256,000 m 258,000 m 260,000 m 262,000 m LOS COMIOS kilometers 4 LA ESCANDALOSA GoldQuestCorp.com | TSX-V: GQC QOD#2020 20 Gold Samples with Ground Mag ,108,000m 2,110,000 m 2,112,000m 2,114,000 m 2,116,000 m 2,118,000m 2,120,000 m 248,000 m 250,000 m 252,000 m 254,000 m 256,000 m Los Comios La Bestia 258,000 m 260,000 m 262,000 m 264,000 m Las Tres Veredas Descansadero Los Gajitos Goldquest Camp LEGEND Rock Samples 0.5 g/t <Au> 1.5 g/t 1.5 g/t <Au> 3.0 g/t 3.0 g/t <Au> 5.0 g/t 5.0 g/t < Au 2 kilometers La Escandalosa N GoldQuestCorp.com | TSX-V: GQC URD#2121 21 Copper Samples with Ground Mag 108,000 m 2,110,000 m 2,112,000m 2,114,000m 2,116,000 m 2,118,000 m 2,120,000m 248,000 m 250,000 m 252,000 m 254,000 m 256,000 m Los Comios La Bestia 258,000 m 260,000 m 262,000 m 264,000 m Las Tres Veredas Descansadero Los Gajitos Goldquest Camp LEGEND Rock Samples 0.2% <Cu > 0.5% 0.5 % <Cu>1.0 % 1.0 % <Cu> 2.0% 2.0% <Cu 2 kilometers La Escandalosa N LTD GoldQuestCorp.com | TSX-V: GQC#2222 22 L1000N Phase 2 IP at Las Tres Palmas L2000N L1800N L3900W L3900W L2600N L2400N L2200N L1600N L1400N L1200N L800N L600N L400N L3300W L3300W L300W L2600N L2400N L2200N L1600N 1600E L2000N L1800N L1400N L1200N L1000N L800N L600N L400N L100N L300N L200N L300N L200N [100N LOO L100S LOON L100S L200S L200S AREA B L400S L400S 4 L600S L600S L-800-S L-1000-S L900W L1000B L800S L1000S L1600E GoldQuestCorp.com | TSX-V: GQC QOD#2323 Gold: Surface Samples 2,080.000m 2,090,000 m 2,100,000m 2,110,000 m 2.120,000m 240,000 m 250,000 m 260,000 m 270,000 m 280,000 m m Valentin Patricio Los Comios La Bestia Las Tres. Veredas Descansadora LEGEND Rock Samples 0.5 g/t <Au < 1.5 g/t Q1.5 g/t <Au < 3.0 g/t 3.0 g/t <Au< 5.0 g/t 5.0 g/t < Au O Golequa La Escandalosa Loma Viejo Pedro Tocon de Pino Jenjibre 5 10 San Juan Kilometers N 1 290,000 m GoldQuestCorp.com | TSX-V: GQC CON#2424 14 Copper Surface Samples 2,080,000 m 2,090,000m 2,100,000m 2,110,000m 2,120,000 m Valentin 240.000 m 250.000 m 260,000 m 270,000 m 280,000 m Los Comios Patricio LEGEND Rock Samples 0.2% <Cu < 0.5% 0.5% <Cu<1.0 % 1.0% <Cu<2.0 % 2.0% Cu Los Gala -Las-Tres- Veredas Descansadora La Escandalosa Loma Viejo Podro Tocon Pino Jenjibre N 5 10 San Juan Kilometers 290.000 m CON GoldQuestCorp.com | TSX-V: GQC#2525 25 Next Steps • • • • Step-out and deep drilling at Romero discovery Drill Las Tres Palmas IP targets On-going IP Survey starting Q4 2012 to investigate complete Tireo land package Keep drilling best targets A GREAT START! ଏଯ Sample D-27493 158.6-160m 288g/t Gold and 5.6% Copper GoldQuestCorp.com TSX-V: GQC#26Contact Details Julio Espaillat President and CEO +1-829-919-8701 New Office: GoldQuest Mining Corp 155 Wellington Street West Suite 2920 Toronto, ON [email protected] www.goldquestcorp.com Sebastian de Kloet Manager Investor Relations +1-416-970-5277 [email protected] 26 GoldQuestCorp.com TSX-V: GQC ଏଯଜ#2727 GoldQuest Directors & Management Bill Fisher Executive Chairman • 30+ years experience in the mining industry ⚫ GlobeStar (CEO), Aurelian (Chairman), Boliden AB (VP Exploration) Julio Espaillat Chief Executive Officer • 30+ years experience in the mining industry • GlobeStar (Country Manager), Falconbridge (Executive) Paul Robertson Chief Financial Officer • 15+ years experience in mining and finance • O Chartered Accountant Grayd Resources (CFO) Patrick Michaels Non Executive Director • Financier • Background in corporate finance Florian Siegfried Non Executive Director • Financier • Accounting professional GoldQuestCorp.com | TSX-V: GQC ଏଯଜ