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Re:   News Release - Wednesday, October 07, 2009
      GoldQuest Samples 59.50 Meters Grading 1.58 g/t Gold from
      Dominican Jengibre Project
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VANCOUVER, BC, OCTOBER 7, 2009 - GoldQuest Mining Corp. ("GoldQuest" or
the "Company") is pleased to provide an update regarding the Company's
ongoing exploration programmes in the Dominican Republic.  Since  the
Company entered into an agreement to acquire Gold Fields Dominican
Republic BVI Limited's ("Gold Fields") 60% interest in the Dominican
joint venture projects as announced on August 5, 2009, GoldQuest's
Geologists have completed follow-up exploration on several priority
gold and copper targets.  The Company expects the transaction with Gold
Fields to close when all required governmental approvals for the
transfer of the properties have been obtained.  Fieldwork has primarily
comprised of channel sampling on the Jengibre project, trenching at El
Toro and follow-up of several other targets discovered by the Gold
Fields funded exploration joint venture.

HIGHLIGHTS

..  Continuous channel sampling from the Jengibre project has returned
59.50 meters grading 1.58 g/t Au including 18.00 meters grading 2.34
g/t Au and an additional 13.50 meters grading 3.13 g/t Au;

..  Three new zones of intense alteration have been defined on the Los
Comios project;

..  Trench sampling from the El Toro project returned 20.6 meters
grading 1.72 g/t Au; and

..  Company continues to prioritise and explore portfolio of gold and
copper targets for drill testing.

Recent analysis of the joint venture data by GoldQuest has identified a
number of principal exploration targets that warrant further
exploration.  Alistair Waddell, President & CEO of GoldQuest,
commented, "We are very happy with the way the ongoing exploration
programme is proceeding and we are currently using the recently
expanded database to critically review, and explore priority gold and
copper targets which will be 100% owned by GoldQuest when the
transaction with Gold Fields is completed".  The following is a summary
of the most recent exploration activities.

JENGIBRE PROJECT:  GoldQuest's geologists have completed a programme of
detailed channel sampling on the Jengibre project investigating
different zones of intermediate sulphidation replacement style
mineralisation.  Detailed surface sampling has been completed on three
principal targets located at a similar topographic level over a
horizontal distance of approximately 300 meters with a NNW trend.

Channel sampling from the northernmost target returned 12.62 meters
grading 2.16 g/t Au, 2.61% Zn and 0.41% Cu.  The principal outcrop is
exposed in a small landslip and comprises of argillic altered andesitic
tuffs with coarse-grained disseminated pyrite, chalcopyrite, sphalerite
and barite.  The mineralised outcrop has been cut off by a fault.  Gold
Fields completed one drill hole approximately 120 meters southwest of
this zone and the Company believes the target requires further drill
testing.

The central target comprises silicified andesitic volcanic rocks with 1
to 3% disseminated pyrite and occasional veinlets of barite.  Channel
sampling from the principal outcrop returned 66 meters grading 0.78 g/t
Au and 20.96 g/t Ag.  The channel samples were taken in a continuous
crescent shaped line following the northern periphery of the outcrop.
This target was not drill tested by the Gold Fields' funded exploration
programme.

The southernmost target is similar to the central zone comprising of
pervasively silicified andesitic volcanic rocks with hydrothermal
breccias cut by quartz veinlets carrying pyrite, sphalerite and traces
of chalcopyrite.  Channel sampling returned 59.50 meters grading 1.58
g/t Au and 55.57 g/t Ag and includes 18.00 meters grading 2.34 g/t Au,
and 13.50 meters grading 3.13 g/t Au plus 84.50 g/t Ag.  One drill hole
(JN-02) completed by the Gold Fields funded joint venture cut the
northern extension of this zone and returned 54 meters grading 1.03 g/t
Au, including 22 meters grading 1.97 g/t Au.

GoldQuest geologists are completing more detailed sampling and
geological mapping on the project to prioritise different drill
targets.  Details of the Jengibre project were noted in previous news
releases dated March 5, 2008, September 16, 2008 and August 5, 2009.

=======================================================================
Channel No.    Length (m)  Au (g/t) Ag (g/t) Cu (ppm) Pb (ppm) Zn (ppm)
=======================================================================
JNG-1              12.62      2.16    11.91    4,178    1,140   26,141
-----------------------------------------------------------------------
JNG-2              66.20      0.78    20.96       71    1,105      123
-----------------------------------------------------------------------
JNG-3              59.50      1.58    55.57       41      448      159
-----------------------------------------------------------------------
including          18.00      2.34    42.16       37      503      147
-----------------------------------------------------------------------
      and          13.50      3.13    84.50       60      747      226
-----------------------------------------------------------------------

Table 1:  Length-weighted average grades of continuous, composite
channel samples typically 2-3 meters long.  In the case of duplicate
samples the average value has been used.

LOS COMIOS PROJECT:  GoldQuest recently completed a field campaign to
investigate a gold-molybdenum ridge-and-spur soil anomaly defined by
the Gold Fields funded exploration joint venture.  The anomalous zone
consists of a continuous line of 11 samples taken at twenty-five meter
intervals with an average grade of 218 ppb Au and 9.31 ppm Mo.  These
samples were taken as part of a programme comprising of 178 samples.

The line of anomalous samples obliquely traverses a zone of silicified,
brecciated sediments that has now been geologically mapped over an area
of approximately 800 by 120 meters.  A second, newly discovered zone of
alteration occurs at a contact between andesitic volcanic rocks and a
diorite intrusion with approximate dimensions of 300 by 200 meters.
The second zone of alteration has disseminated pyrite with intense
quartz-sericite alteration and is located approximately 1.8 km to the
south east of the principal soil anomaly.  A third recently discovered
alteration zone is located approximately 1 km to the north of the
second zone and hosted in andesitic volcanic rocks.  It is geologically
similar to the second zone and in addition has zones of breccias with a
barite and haematitic matrix, and has been mapped over approximately
700 by 300 meters.  Samples from all three zones have been dispatched
for analysis.

EL TORO PROJECT:  The El Toro project consists of multiple mesothermal
quartz veins defined over approximately 2.6 kilometres strike length
comprising of several individual veins of up to two metres width,
hosted in a package of andesitic volcaniclastic rocks.  GoldQuest
recently dug and sampled several trenches from the south east of the
property to test the continuity of mineralisation between the principal
quartz veins.  Sample results from the trenching programme were
generally lower than hoped for with the stockwork of quartz veinlets
that occurs between the principal larger veins returning only weakly
anomalous gold values.  Trench SE-3 that cut the principal zone of
veining returned 20.6 meters grading 1.72 g/t Au.  Trenches SE-1 and
SE-2 that tested the southern extension of the same zone returned only
weakly anomalous sample values.  No further work is planned on the
property at this time.

The Company continues to prioritise, critically review and explore the
portfolio of gold and copper targets including those that were part of
the Gold Fields joint venture.

About GoldQuest

GoldQuest is a Vancouver based exploration company traded on the TSX-V
under the symbol GQC.V and in Frankfurt / Berlin with symbol M1W.

Mr. Alistair Waddell, an employee and the President and Chief Executive
Officer of the Company is a Qualified Person as defined by National
Instrument 43-101 (a "QP") and has reviewed the contents of this news
release.

Preparation and geochemical analyses of all samples were carried out by
Acme Labs in Maimon, Santiago and Vancouver.  Standards, blanks and
duplicates are routinely inserted into all sample batches for quality
assurance and quality control.

On behalf of the Board of Directors,

Alistair H. Waddell
President & Chief Executive Officer

For further information please contact:

Dan Maarsman
Investor Relations - Vancouver, Canada
Tel: +1-604-632 4333
www.goldquestcorp.com
investorrelations@goldquestcorp.com

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.

Forward-looking statements:

This news release contains certain statements that may be deemed
"forward-looking statements". All statements in this release, other
than statements of historical fact, that address events or developments
that GoldQuest expects to occur, are forward looking statements.

Forward looking statements are statements that are not historical facts
and are generally, but not always, identified by the words "expects",
"plans", "anticipates", "believes", "intends", "estimates", "projects",
"potential" and similar expressions, or that events or conditions
"will", "would", "may", "could" or "should" occur.  Although GoldQuest
believes the expectations expressed in such forward-looking statements
are based on reasonable assumptions, such statements are not guarantees
of future performance and actual results may differ materially from
those in forward looking statements.  Factors that could cause the
actual results to differ materially from those in forward-looking
statements include market prices, exploitation and exploration success,
continued availability of capital and financing and general economic,
market or business conditions.  Investors are cautioned that any such
statements are not guarantees of future performance and actual results
or developments may differ materially from those projected in the
forward-looking statements.  Forward looking statements are based on
the beliefs, estimates and opinions of GoldQuest's management on the
date the statements are made.  GoldQuest undertakes no obligation to
update these forward-looking statements in the event that management's
beliefs, estimates or opinions, or other factors, should change, except
as required by law.

View News Release in PDF Format:
  http://www.goldquestcorp.com/i/pdf/2009-10-07_NR.pdf
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Copyright (c) 2009 GOLDQUEST MINING CORP. (GQC)  All rights reserved.
For more information visit our website at http://www.goldquestcorp.com/
or send mailto:investorrelations@goldquestcorp.com
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