GOLDQUEST MINING CORP - Key Persons

Job Titles:

• Chairman
• Member of the Technical Committee
• Both GoldQuest 's Executive Chairman

, and President & CEO, Julio Espaillat, have extensive mining experience in the Dominican Republic. Bill and Julio were instrumental in the development of the Dominican Republic's Cerro de Maimon Copper/Gold producing mine (2008). Bill Fisher graduated in UK as a geologist in 1979. He has extensive industry experience including a number of residential posts in Africa, Australia, Europe and Canada in both exploration and mining positions. Under his leadership, Karmin Exploration discovered the Aripuanã base metal massive sulphide deposits in Brazil. From 1997 to 2001 Mr. Fisher was Vice President, Exploration for Boliden AB, a major European mining and smelting company where he was responsible for thirty five projects in nine countries. From 2001 to 2008 Mr. Fisher led GlobeStar Mining Corp. from an exploration company to an emerging precious and base metal producer in the Dominican Republic, developing and operating the Cerro de Maimon copper/gold mine until it was sold to Perilya for $186 million. Mr. Fisher was also Chairman of Aurelian Resources which was sold to Kinross Gold in 2008 for $1.2 Billion after the discovery of the Fruta del Norte gold deposit in Ecuador. Mr. Fisher currently serves as an independent director of Horizonte Minerals (AIM: HZM), and Treasury Metals (TSX: TML) and the London(UK) based Andiamo Exploration and RAME Energy (LSE:RAME).

Job Titles:

• Country Manager

Felix is a Dominican geologist with more than 20 years of experience in the Dominican Republic mining and exploration sector. Felix has worked for several companies as project and general manager and was previously the Caribbean representative for Energold International Drilling. Felix has a Degree in Geology and a Masters Degree in Business administration and is currently a director of the Mining and Petroleum Chamber of the Dominican Republic.

Job Titles:

• Chairman of the Audit Committee
• Director
• Member of the Compensation & Nominating Committee

Florian Siegfried heads the precious metals and mining investments at AgaNola Ltd., an asset management boutique based in Switzerland. Previously Florian Siegfried was the Chief Executive Officer ("CEO") of Precious Capital AG, a Zurich-based fund specializing in global mining investments. Prior to this Mr. Siegfried was CEO of shaPE Capital Ltd., a SIX Swiss Exchange-listed private equity company which was founded by Bank Julius Baer & Co. Ltd. and where he was instrumental in raising more than CHF 50 million in equity capital. Mr. Siegfried holds a masters degree in finance and economics from the University of Zurich.

Job Titles:

• Chairman of the Technical Committee
• Director
• Member of the Audit Committee
• Member of the Compensation & Nominating Committee
• Mining Executive

Frank Balint is a seasoned mining executive with over 35 years of broad ranging experience in the mining industry. Mr. Balint has been involved in all aspects of the mining life cycle from exploration, discovery, delineation and estimation of reserves, feasibility, financing, acquisition, development and closure. Mr. Balint possesses strong technical skills backed up by solid financial experience that has resulted in a strong exploration and acquisition track record. As a senior member of the executive team at Inmet for nearly 20 years, he has had significant involvement with shaping, communicating, winning board support and executing a successful corporate strategy that saw Inmet grow from a market cap of less than $200 million to over $5 billion when it was purchased by First Quantum in March of 2013. Mr. Balint was also a former director of Wolfden Resources Inc., a TSX listed company which was sold to Zinifex in 2007 for $363 million. Mr. Balint is a licensed professional geologist (P. Geo) in Ontario, British Columbia and NWT.

Job Titles:

• CEO
• Director
• Member of the Technical Committee
• President

, and President & CEO, Julio Espaillat, have extensive mining experience in the Dominican Republic. Bill and Julio were instrumental in the development of the Dominican Republic's Cerro de Maimon Copper/Gold producing mine (2008). Mr. Espaillat has over 25 years of experience in the mining industry. From 2000 to 2011, Mr. Espaillat served as Vice President of Exploration at GlobeStar Mining Corporation, where he was responsible for all technical and financial administration of the company's properties in the Dominican Republic, including the acquisition, development and construction of the Cerro de Maimón massive sulphide deposit, where production commenced in October 2008. Prior to GlobeStar, Mr. Espaillat spent 12 years at Falconbridge Limited in various roles in the Dominican Republic and Timmins, Ontario. Prior to leaving Falconbridge, he was Senior Geologist in charge of exploration activities in the Dominican Republic. Mr. Espaillat received his degree in Mining Engineering from Pontificia Universidad Católica Madre y Maestra, Santiago, Dominican Republic, in 1978. In 1982 Mr. Espaillat completed a degree in Mining Geology ( Economic Geology) Magna Cum Laude, at the University of Wales, Cardiff, UK. More recently he received a Master Degree in Financial Management from the Universidad Tecnológica del Cibao , La Vega, Dominican Republic in 1999, and a Post Graduate Degree in Environmental Economics, Universidad de Chile -- Global Development in 2000. He has also served as a Professor of Geology at the Pontificia Universidad Católica Madre y Maestra, Dominican Republic from 1981 to 1988.

Job Titles:

• Chief Executive Officer

Luis is a Citizen of the Dominican Republic and is a Qualified Engineer from the Santo Domingo Technological Institute. Luis has more than 25 years of experience in mining and mineral processing and has worked in senior management and executive positions in the design, construction and operation of gold processing plants and mines globally. Luis has an impressive history having worked with Glencore - Falcondo and Altonorte Mines in Dominican Republic and Chile, BHP Billiton - Olympic Dam Mine in Australia, Barrick - Pueblo Viejo Mine in Dominican Republic, Barrick & Shandong Gold - Veladero Mine in Argentina and most recently as CEO for Shandong Gold - Cardinal Resources Namdini Project in Ghana. Luis's approach to value creation is through awareness, engagement, and accountability of three key strategic objectives: Collaboration by developing a strong culture, Community by strengthening sustainable license to operate, and Company by maximizing economic productivity (production, profitability, and asset value).

Job Titles:

• General Counsel

Job Titles:

• Director
• Member of the Audit Committee
• Chairman of the Compensation & Nominating Committee
• Executive Vice President of Precious Capital AG

Patrick Michaels is Executive Vice President of Precious Capital AG and a portfolio manager with Asty Capital AG and Zuri-Invest AG in Zurich, Switzerland. Mr. Michaels has been involved in numerous financings of gold mines in North America and is a well-respected financial adviser and fund manager throughout Europe. Mr. Michaels has extensive experience in the fields of mining finance, fund management and asset allocation. Mr. Michaels has a background in law and economics, and did his training in the areas of private banking and investment research at UBS in Zurich. Additionally, he attended post-graduate courses at the Colorado School of Mines in Denver, Colorado. Mr. Michaels also serves on the audit committee of Romarco Minerals Inc.

Job Titles:

• CFO
• Chartered Accountant

Mr. Robertson is a Chartered Accountant with extensive experience in the mining sector, including assisting junior resource companies with their financial reporting and regulatory requirements. He has over sixteen years of accounting, auditing, and tax experience including working with Ernst & Young from 1999 to 2005. Currently, he is the managing partner of Quantum Advisory Partners LLP, a professional services firm dedicated to assisting publicly listed companies with their financial reporting, taxation and regulatory requirements. He was previously the CFO of Grayd Resource Corporation that was acquired by Agnico Eagle in 2011. Mr. Robertson holds a BA from the Universty of Western Ontario (1993) and obtained his Chartered Accountant designation from the British Columbian Institute of Chartered Accountants in 1997.