Forward Looking Statements Statements in this document, to the - PowerPoint PPT Presentation

The Romero Copper-Gold Discovery Dominican Republic December 2012 GoldQuestCorp.com 1

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, legal proceedings and negotiations, industry supply levels, competitive pricing pressures and misjudgments in the course of preparing forward-looking statements. 2

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 3

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

Dominican Republic Focused N Atlantic Ocean Dominican Republic Caribbean Central Sea America Pacific South Ocean America 5

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 FALCONDO CERRO MAIMON 6

Regional Geology : Central Hispaniola • Exploring the south-west margin of Tireo Group of volcanics • Volcanics are Cretaceous age • Dacite Breccias appear to be most favorable host (Map from Escuder Viruete et al., 2008) 7

Regional Geology and Concessions 8

Romero Landscape Romero Hondo Valle 9

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 10

Chargeability and Conductivity Romero Escandalosa 11 Plan view of chargeable and conductivity response at 280m below surface from 2011 IP Survey

Chargeability at Romero W-E Section through Romero displaying chargeable response and drill hole traces from 2011 IP Survey 12

Romero Drilling to date 13

Current Drilling at Romero Discovery 14

Hole LTP-93 : High Grade Interval • 138 to 150 = 12m@26.4g/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) Sample D-27253 142.0 to 144.0m (2.0m @ 25.7g/t Au and 1.39% Cu) 15

Where next? 16

Drilling to Test Full IP Anomaly N Romero B B’ Depth: 50 to >550m 2.5km Target Area Limited Shallow Drill Coverage La Escandalosa Sur Outcropping: Inferred Resource: 3.1M tonnes @ 3.14 g/t gold, 2011 IP Survey Chargeability at 280m depth 17

North of Escandalosa Drilling appears to have stopped short at La Escandalosa Romero Line 1600N 18

LTP – Mag and IP 19

Gold Samples with Ground Mag 20

Copper Samples with Ground Mag 21

Phase 2 IP at Las Tres Palmas 22

Gold : Surface Samples 23

Copper : Surface Samples 24

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! Sample D-27493 158.6-160m 288g/t Gold and 5.6% Copper 25

Contact Details New Office: GoldQuest Mining Corp Julio Espaillat 155 Wellington Street West Sebastian de Kloet President and CEO Suite 2920 Manager Investor Relations +1-829-919-8701 Toronto, ON +1-416-970-5277 www.goldquestcorp.com jespaillat@goldquestcorp.com sdekloet@goldquestcorp.com 26

GoldQuest Directors & Management • 30+ years experience in the mining industry Bill Fisher • GlobeStar (CEO), Aurelian (Chairman), Boliden AB (VP Executive Chairman Exploration) • 30+ years experience in the mining industry Julio Espaillat • GlobeStar (Country Manager), Falconbridge (Executive) Chief Executive Officer • 15+ years experience in mining and finance Paul Robertson • Chartered Accountant Chief Financial Officer • Grayd Resources (CFO) • Financier Patrick Michaels • Background in corporate finance Non Executive Director • Financier Florian Siegfried • Accounting professional Non Executive Director 27