GoldQuest Grants Incentive Stock Options

GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W)(BERLIN:M1W) ("GoldQuest"
or the "Company") announces that the board of directors has authorized the grant
of an aggregate of 2,410,000 incentive stock options (the "Options") to
directors, officers and employees of GoldQuest, at an exercise price of $0.25
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 18 month anniversary from the date of the grant. 


The Options are granted pursuant to the Company's stock option plan which was
approved by shareholders at the Company's annual general meeting of shareholders
held on June 28, 2013. 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 mineral exploration company with projects in the
Dominican Republic traded on the TSX-V under the symbol GQC.V and in
Frankfurt/Berlin with symbol M1W, with 143,980,044 shares outstanding
(160,216,559 on a fully diluted basis). 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
GoldQuest Mining Corp.
Office of the Chairman - Toronto
+1-416-583-5606
bfisher@goldquestcorp.com

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