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Re:   News Releases - Tuesday, July 22, 2008
      GoldQuest Expands Dominican Las Animas Project
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VANCOUVER, BC, JULY 22, 2008 -- GoldQuest Mining Corp. ("GoldQuest" or
the "Company") is pleased to provide a further update on the current
phase of drilling and exploration on its 100% owned Las Animas project.

HIGHLIGHTS

-Drill hole LA-35 returned 10.08 meters grading 2.29 g/t Au, 3.76 % Cu,
3.62 % Zn and 51.84 g/t Ag extending the massive sulphide
mineralization at depth and to the east;

-Drill hole LA-36 returned 4.79 meters grading 2.50 g/t Au, 2.77 % Cu,
5.45 % Zn, and 49.63 g/t Ag extending the massive sulphide
mineralization at depth and to the west;

-Drill hole LA-38 extends mineralization 153 meters vertically below
LA-26, which now suggests continuous mineralization 516 meters from
surface;

-Trench sampling on the Las Guazumitas target returned 9.10 metres
grading 4.33 g/t Au from a zone of gossanous schists;

-Boulder float samples of baritic gossan from the Las Guazumitas zone
returned values up to 21.40 g/t Au;

-Two new claim applications have been made in the district covering
discovered zones of sericite altered rhyolites similar to that at Las
Animas.

Commenting Alistair Waddell, President & C.E.O. said "These new results
continue to expand the principal massive sulphide body at Las Animas
with good continuity along strike and at depth.  The ongoing work on
the new Guazumitas zone continues to provide encouraging surface
numbers with the trench sampling producing some good continuous
results.  We look forward to drill testing the Guazumitas target and
following up on the recently claimed areas".

The drilling at Las Animas is ongoing with the rig currently testing
the recently discovered Guazumitas target 950 meters to the southeast
of the main Las Animas zone.  Results of the recently completed
drilling are as follows.

Hole LA-35

The hole was drilled from the footwall felsic volcanics directly east
of LA-26 at an angle of --69� and an azimuth of 360� to a total depth
of 331.93 meters.  The hole intercepted the typical sequence of felsic
volcanics before intercepting massive sulphide between 321.85 to 331.93
meters.  The drill interval returned 10.08 meters grading 2.29 g/t Au,
3.76 % Cu, 3.62 % Zn and 51.84 g/t Ag.  Due to technical drilling
problems related to the drill contractor the hole was unfortunately
lost while still in the massive sulphide so the total true thickness of
the mineralized body at this level is unknown.  This intercept has
confirmed the presence of massive sulphide at depth 30 meters east of
hole LA-26 and 37.40 meters vertically below LA-31.

Hole LA-36

This hole was drilled directly east of LA-26 at an angle of --70� and
an azimuth of 360� to a total depth of 229.61 meters.  This hole
reached the desired depth and intercepted the anticipated geological
sequence.  The hole which was drilled from the footwall volcanics
intercepted massive sulphide between 255.57 and 260.36 meters before
entering the hangingwall sedimentary sequence.  The massive sulphide
drill intercept returned 4.79 meters grading 2.50 g/t Au, 2.77 % Cu,
5.45 % Zn, and 49.63 g/t Ag.  This intercept has confirmed the presence
of massive sulphide at depth 40 meters west of hole LA-26 and 26.40
meters vertically below hole LA-27.

Hole LA-38

LA-38 was drilled directly south of LA-26 at an angle of --65� and an
azimuth of 360�.  This is the deepest hole completed on the property to
date and was drilled to test for massive sulphide directly below the
previously reported hole LA-26 which returned a drill intercept of
67.77 meters grading 3.38% Cu, 3.98% Zn, 1.49 g/t Au and 26.52 g/t Ag.
LA-38 intercepted 631.20 meters of sericitic rhyolites before crossing
a drill interval of 0.71 meters of semi-massive sulphide interpreted to
be the down-dip extension of the massive sulphide body intercepted in
hole LA-26.  This interpretation is significant since it extends the
zone 153 meters vertically below LA-26, which now suggests continuous
mineralization 516 meters from surface.  Sample results from this hole
are pending from the laboratory.

Holes LA-34 and LA-37 were lost due to technical drilling problems
related to our drill contractor.  Hole LA 36 is a repeat of failed
LA-34 and LA-38 is a repeat of LA-37.

Las Guazumitas Zone

The drill is currently testing the recently discovered Las Guazumitas
zone located 950 meters to the southeast of the main Las Animas zone.
The local geology is challenging to interpret as there is only a minor
outcrop visible in the creeks or as boulder float but where it outcrops
is similar to that at the main Las Animas zone.

The soil sample grid at Las Guazumitas has recently been expanded which
now extends the principal gold in soil anomaly for approximately 900
meters crossing the critical sediment -- volcanic contact which is the
location of the massive sulphide on the main Las Animas target.  The
Guazumitas target also has corresponding anomalies in other elements
including Ag (Max 1.97 ppm), Cu (Max 161 ppm), Zn, (Max 204 ppm), As
(Max 254 ppm), Ba (Max 967 ppm), Hg (Max 349 ppm), Pb (Max 1092 ppm)
and Sb (Max 14.55 ppm).  Several drill holes of approximately 120-150
meters each are planned to test the geochemical anomaly.  Three holes
will be completed in a linear fence across the center of the zone to
increase geological information as well as explore for bodies of
massive sulphide.

Rock float samples taken from approximately the center of the soil
geochemical anomaly returned values up to 21.40 g/t Au and correspond
with blocks of barite gossan similar to that at the main Las Animas
zone.  None of the anomalous samples are truly in-situ but due to their
location are inferred as being locally derived.

A trench was recently dug approximately 450 meters south of the rock
float samples noted above cutting exposed gossanous sericitic schists
which returned a continuous 9.10 metres grading 4.33 g/t Au.  Further
drill holes are planned to test this new zone.

New company website

The Company would also like to announce the launch of a new GoldQuest
website which has been significantly updated.  The website can be found
at the same address www.goldquestcorp.com.  Updated maps and cross
sections from Las Animas will be posted on the new website shortly.
About GoldQuest

GoldQuest is an Exploration company focused on the Dominican Republic.
Through regional grass-roots generative exploration and new geological
models the Company has built a portfolio of new gold and copper
discoveries.

David J. Hall, Vice Chairman and Director to the Company is the
qualified person as defined by National Instrument 43-101 and has
reviewed the content of this press release.  Preparation and
geochemical analyses of all samples were carried out by Acme Labs in
Santiago.  Standards, blanks and duplicates are routinely inserted into
all sample batches for quality assurance and quality control.
GoldQuest is traded on the TSX-V under the symbol GQC.V and in
Frankfurt / Berlin with symbol M1W.

For further information please contact:

Alistair Waddell
President & Chief Executive Officer

Dan Maarsman
Investor Relations -- Vancouver, Canada
Tel: +1-604-632 4333

Peter Frei (Frei Partners)
Investor Relations -- Zurich, Switzerland
Tel: +41-43 344 9924

www.goldquestcorp.com
investorrelations@goldquestcorp.com

On behalf of the Board of Directors "signed" Alistair Waddell

The TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this 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.

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Copyright (c) 2008 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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