Dear Shareholders and Friends,

Neil MacDonald, CEO and Director of NovaDX, highlighted Gold Quest in a recent interview with Streetwise Reports. In the interview, Mr. MacDonald gives his thoughts on what will get juniors moving again and comments on specific gold mining stocks.

NovaDX is an investment firm that provides capital investment, investment banking, financial and business advisory services to early-stage natural resource exploration companies. NovaDX has a growing portfolio of early-stage companies focused on the discovery of new mineral deposits and petroleum reserves.

I thought you would be interested in reading his comments on GoldQuest Mining. These are provided below.

Regards,

Alistair Waddell
President and CEO
www.goldquestcorp.com

Mr. MacDonald's Comments:

NM: One company in our portfolio that meets this criteria is Gold Quest Mining Corporation (CDNX:GQC.V). They are focused on the Dominican Republic. This is a company with a group of geologists that are mostly ex-Anglo [AngloGold Ashanti Limited (NYSE: AU)] people who believed that the western part of the Dominican Republic was relatively unexplored, which, indeed, it was. They conducted a very broad regional program to identify anomalies capable of supporting a portfolio of diverse properties. That program was actually quite successful, and today they have a pipeline of properties. They were able to attract Gold Fields (NYSE & JSE: GFI) in a joint venture to develop some of those properties, and are also exploring other properties excluded from the joint venture in which they maintain 100 percent ownership.

They made a new volcanic massive sulfide discovery on one of their earlier properties, Las Animas. We believe that there are more discoveries to be made by the company on properties that it has not yet had a chance to explore. We're really excited about Gold Quest Mining. They've already made one good discovery that's continuing to evolve. We're hoping to see some resource calculations soon, but even if that project doesn't measure up, they have a number of other properties with potential. This is a good example of a situation where you're mitigating your risks through a pipeline of properties with a very good geological team in a well-financed situation.

To see the entire interview click here: http://www.theaureport.com/cs/user/print/na/1540

Copyright � 2008 GOLDQUEST MINING CORP. (GQC) All rights reserved. For more information visit our website at http://www.goldquestcorp.com/ or send email to investorrelations@goldquestcorp.com. |