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GoldQuest Mining Corp. (TSXV: GQC) (OTCQX: GDQMF) provided an update regarding recent public statements made by the President of the Dominican Republic concerning the company’s Romero Project.
The company said the government has announced a temporary halt to activities related to the Romero Project in response to public concerns. GoldQuest noted that the Romero Project remains in the environmental evaluation stage and that no exploitation permit has been granted to date, consistent with the current regulatory process in the Dominican Republic.
GoldQuest said the government’s temporary halt is part of a broader stakeholder engagement process. The company stated it will continue working with government authorities and remains committed to providing transparent, science-based information regarding the Romero Project.
GoldQuest reaffirmed its commitment to:
The company highlighted what it described as strong fundamentals for the Romero Project, including the potential to generate significant economic benefits for the Dominican Republic through employment, infrastructure development, and fiscal contributions.
Luis Santana, Chief Executive Officer of GoldQuest, said: “We respect the position outlined by the President and view this as part of the necessary dialogue that accompanies responsible project development. The Romero Project remains at the environmental evaluation stage, and we are committed to advancing a rigorous, transparent process grounded in robust technical work and international best practices. We will continue to work collaboratively with government authorities, local communities and stakeholders to ensure concerns are addressed thoughtfully and constructively; while highlighting the significant long-term economic benefits the project can deliver to the Dominican Republic.”
GoldQuest said it will continue to monitor developments closely and provide updates to the market as appropriate.
GoldQuest Mining Corp. is a Canadian exploration and development company with participation from Dominican investors. The company focuses on advancing its gold and copper assets in the Dominican Republic and has a board and management team with prior experience developing and operating a mine in the country.
Additional information is available at the company’s website: www.goldquestcorp.com.
The company included standard forward-looking statement language noting that statements in the release that are not historical facts are forward-looking information and involve risks and uncertainties. It said forward-looking statements may include statements regarding advancement through the ESIA process, continuing work with Dominican authorities and local stakeholders, and the potential of the Romero Project, among others.
Luis Santana, Chief Executive Officer
1 (809) 224-0629
lsantana@goldquestcorp.com
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