Slide 1: GoldQuest Corporate Presentation May 2019
GOLDQUEST TSXV: GOC opper in the jing Mine L ploration May 2019
Slide 2: Forward-Looking Statements
Statements contained in this presentation that are not historical facts are forward-looking information that involves known and unknown risks and uncertainties. Forward- looking statements in this presentation include, but are not limited to, statements with respect to the pre-feasibility study for
Slide 3: A Growth Company
A Growth Company Developing – Romero Discovery Multi-million oz. Au/Cu discovery in 2012 Latest PFS Nov. 2016: 28% IRR, NPV (5%) US$202 million Exploitation License approved by Mines Ministry Jan 2018 Awaiting Presidential Approval EIA/BFS to follow Approval Exploring – Discovery in 2017
Slide 4: The Dominican Republic
The Dominican Republic Canada Romero Project Tireo USA Concessions Puerto Plata Dominican Republic Falcondo Pueblo Viejo Mine Mine Strong relationship with the government and community San Juan No Government Royalties Santo Domingo Reasonable Taxes (32%) source www.barrack.com Cerro de Maimon
Slide 5: Veteran Team with DR experience
Veteran Team with DR experience Dave Massola CEO • Former CFO GlobeStar • Former CEO Continental Nickel • Former CFO DeBeers Canada Felix Mercedes Country Manager • Director of Mining & Petroleum Chamber in the Paul Robertson, CA,CPA DR CFO JP LeBlanc • Former CFO Grayd Resources (acquired by Agnico
Slide 6: Technical & Financial Expertise
Technical & Financial Expertise Bill Fisher, P.Geo Julio Espaillat, M.Eng Non-Executive Chairman Director • Former CEO Globestar • Retired as full-time CEO Q3 ‘17 • Chairman Aurelian • Former Country Manager • VP Exploration of Boliden Globestar Florian Siegfried, MBA Patrick Michaels Director Direc
Slide 7: DR - Push for Exploitation license
DR - Push for Exploitation license License = 75 years with tax stability agreement for 25 years Immediate acceleration of ESIA and FS work upon receipt Non - DR Business Development - Seeking projects to invest Target : gold, copper, other opportunities Target : North, Central and South America Cons
Slide 8: Prefeasibility Study NPV $203M, IRR 28%
Prefeasibility Study (to be upgraded in BFS) NPV*5% IRR* AISC* PAYBACK $203M 28% $595/OZ. 2.5YRS AFTER TAX AuEq.** LTP-94 158.6m to 160.0m 288.6 g/t Gold 5.6% Copper Currently in the permitting phase – to achieve * Net Present Value (“NPV”), Internal Rate of Return (“IRR”), All-In Sustaining Costs
Slide 9: PFS: Responsible Mine Design
PFS: Responsible Mine Design Minimal Surface Impact Small surface footprint over underground mine, thus minimal affect on landscape Return Wasterock Underground Wasterock will be returned underground as backfill No use of Cyanide or other Contaminates A gold/copper concentrate product will be
Slide 10: 2016 PFS Highlights
2016 PFS Highlights Low Capex, High IRR, Scalable Deposit After-Tax NPV & IRR Sensitivity to Gold Price PFS Summary Results At US$1300 Au / US$2.50.lb Cu After Tax NPV5% After Tax IRR Start-Up CAPEX $158M $350 35% Sustaining CAPEX $92M $300 30% After Tax NPV5% (US$M) Throughput 2,800 tpd $250 25% Af
Slide 11: Gold-Copper Starter Mine
Gold-Copper Starter Mine only considers 35% of current M&I Resource Surface Portal Ventilation Access Ramp View Looking North Production Ramp 2,800 tpd – 75% Longhole Large Stopes (up to 20m x 20m x 50m) Options to expand mine as metal prices rise Remaining Mineral Resources www.goldquestcorp.
Slide 12: Gold Equivalent Ounces
NPV5% IRR AISC PAYBACK AFTER TAX $595/OZ. 2.5 The Gold/Copper Concentrate $203M 28% AuEq. YEARS Gold Equiv. Payable Oz. Starter Mine (35% of resource only) 180 GOAL: maintain or exceed 150,000 oz per year (Remaining Resource = Potential) 160 153,600 Gold Equivalent Ounces 140 136,800 135,600 124,800
Slide 13: All in Sustaining Costs
NPV6% IRR AISC* PAYBACK $203M AFTER $595/OZ. 2.5 TAXES YEARS All in Sustaining Costs (AISC) 28% AuEq. $1,400 LOM LOM ($/tonne) ($/oz.) $1,200 Mining $27.7 $222.4 Gross Processing $11.6 $93.1 $1,000 Margin Tailings Management $1.3 $10.3 Gold Price $800 $705 G & A (Site) $5.4 $43.8 $600 Total Cash Cos
Slide 14: Permitting a Mine in the Dominican Republic
DEVELOPMENT Permitting a Mine in the Dominican Republic Exploration Concession Application Process Mineral Exploration & Environmental 2005 – Ore Deposit Discovery License Application Process 2012 Sequential and time Mine intensive process of gathering and testing data to Construction find economic
Slide 15: Romero Project Exploration Focus
Romero Project Exploration Focus www.goldquestcorp.com | 15
Slide 16: The "String of Pearls"
The “String of Pearls” Romero: 10.4 g/t - 234.8m Grab Samples Gold (g/t) 2.0 – 167.5 (201) BDL – 2.0 (3272) Las Tomates: 4.7 g/t - 6.8 m Tireo Land Package Perimeter Hydrothermal Alteration Romero South: 10.75 g/t - 28.5 m Ongoing Ex;loration Program Previously Reported Drilling Imperial: 8.5 g/t -
Slide 17: Exploring the Tireo Belt
Exploring the Tireo Belt Romero Deposit Romero South Deposit Targets occur along the mineralized trend hosting the Cachimbo Discovery and the Romero Deposits These deposits occur in clusters along plate IP Chargeability (mV/V) boundaries – we are on the Atlantic/Caribbean boundary Target gener
Slide 18: Romero style mineralization - Open in all directions
Romero style mineralization - Open in all directions – now drilling eastwards No copper yet! Surface sample: 168 g/t gold ?? 5 m @ 14 g/t gold, 12% zinc, 74 g/t silver 100 metres 21m @ 7.9 g/t gold 1.8% zinc, 40 g/t silver ?? www.goldquestcorp.com | 18
Slide 19: Upon receipt of Exploitation License
Upon receipt of Exploitation License 1. ESIA – follow DR Ministry of Environment Terms of Reference 1. Mine, Road, Power line, Port 2. Develop existing Plan – simple, benign, “starter mine” 7 Mt Reserve 1. Project enhancement options 2. Examine upgrading options for 1. Resource base = 23 Mt resource
Slide 20: An Emerging Developer with Exploration Upside
COMPELLING SIGNIFICANT ECONOMICS CLEAR EXPLORATION DEVELOPMENT UPSIDE ROMERO: PATH Fully Scalable An Emerging Developer with Exploration Upside We have the money - we have the projects! www.goldquestcorp.com | 20
Slide 21: Market Capitalization and Share Information
Market Capitalization* ~C$27 M Shares Outstanding 257,067,384 Basic Shares Outstanding 277,418,384 Fully Diluted Cash* 17 M Stock Price** C$0.105 * Cash (Actual) as of March 3ast, 2019 **As of May 24th, 2019 close Management Contact Info: Share Information Dave Massola CEO Paul Robertson CFO Dave Ma
Slide 22: Mineral Reserve & Resource Estimate
Mineral Reserve & Resource Estimate Romero Mineral Reserve Estimate Mine Reserves Tonnes Au Ag Cu Au Eq(1) (Cutoff $70 (g/t) (oz) (g/t) (oz) (%) (M lb) (g/t) (oz) NSR)(2) Total Probable 7,031,000 3.72 840,000 4.33 980,000 0.88 136 4.9 1,117,000 (1) Au equivalent metal prices: Au $1,300/oz Cu $2.50/l
Slide 23: GoldQuest's CSR Commitment
GoldQuest’s CSR Commitment The inclusion of communities in our activities The Planet Implementation of sustainable • Environmental environmental practices Stewardship Active participation in the sustainable economic development of the area Commitment to the safety and health of CSR Company e
Slide 24: Gold-Rich VMS Clan
Gold-Rich VMS Clan 167.5 g/t Au at surface Au Zn-Au Au Au Cachimbo Zn-Au Discovery Cu-Au Romero Project Cu-Au Cu-Au www.goldquestcorp.com | 24 Image modified from Dubé, B; Gosselin, P; Mercier-Langevin, P; Hannington, M; Galley, 2007. Mineral deposits of Canada: a synthesis of major deposit-types, d