Slide 1: November 2016
November 2016 www.goldquestcorp.com
Slide 2: Forward-looking statements
2 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 fo
Slide 3: A Growth Company
3 A Growth Company Developing The Romero Gold/Copper mine, Dominican Republic GQC discovered the multi-million ounce gold deposit in 2012 Pre-feasibility study (PFS) published Nov. 11th, 2016 @ 28% IRR and $595/oz All in Sustaining Costs (AISC) Permitting in progress Exploring The Tireo Fo
Slide 4: The Dominican Republic
4 The Dominican Republic Canada Romero Project Tireo USA Concessions Puerto Plata Dominican Republic Falcondo Pueblo Viejo Mine Mine San Juan No Government Royalties Santo Domingo Reasonable Taxes (32%) source www.barrack.com One of the fastest growing Cerro de Maimon Mine economies in the Ame
Slide 5: Proven Track Record of Mine Building in the Dominican Republic
5 Proven Track Record of Mine Building in the Dominican Republic Fisher and Espaillat were instrumental in the development of GlobeStar’s Cerro de Maimon copper/gold mine in 2008 in the Dominican Republic Acquired for $350,000 in 2001… … sold for $186,000,000 in 2008 (Aurelian Resources $0.15 to $40
Slide 6: 2016 Prefeasibility Study Highlights
6 2016 Prefeasibility Study Highlights 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 Pre-Feasibility Study Published November 11th, 2016 * Net Present Value (“NPV”), Internal Rate of Return (“IRR”), All-In Sustaining Costs (“
Slide 7: Mineral Reserve & Resource Estimate for Romero Project
7 Mineral Reserve & Resource Estimate for Romero Project 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
Slide 8: 2016 PFS Highlights
8 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 2800 tpd $250 25% A
Slide 9: Surface Infrastructure
9 Surface Infrastructure Underground Mine = Minimal Romero Reserve Mine Portal Surface Disturbance Mine Portal: No shaft required Single Copper Concentrate Facility ~90,000 tonne per year of Copper concentrate shipped Romero South Resource to international smelters Processing Plant Minimal
Slide 10: Gold-Copper Starter Mine
10 Gold-Copper Starter Mine Surface Portal Ventilation Access Ramp View Looking North Production Ramp 2800 tpd – 75% Longhole Large Stopes (up to 20m x 20m x 50m) Options to expand mine as Remaining Mineral Resources metal prices rise www.goldquestcorp.com
Slide 11: Processing Facilities – Provision for Expansion
11 Processing Facilities – Provision for Expansion Gold-Copper Starter Mine www.goldquestcorp.com
Slide 12: Gold Equivalent Ounces
NPV5% IRR AISC PAYBACK 12 The ‘Au/Cu Concentrate’ Mine AFTER TAX $595/OZ. 2.5 $203M 28% AuEq. YEARS Gold Equivalent Ounces Payable 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 Conversion of 119,300 12
Slide 13: Gold Price and All in Sustaining Costs
NPV6% IRR AISC* PAYBACK $203M AFTER $595/OZ. 2.5 13 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
Slide 14: The 100% Owned, 50 km Long Tireo Belt
14 The 100% Owned, 50 km Long Tireo Belt Romero Project Romero Mineral Reserves Gold Equivalent* 1.12 Million oz Probable The Tireo Formation 50 km-100% owned by GQC Exploration Applications & Surrounds Romero Deposit Concessions Superior potential recognized upon Mining Application Romero dis
Slide 15: Seeking Gold & Copper
15 Seeking Gold & Copper Romero Romero 2014-2016 Exploration Program Romero South Project 2016 IP & Drilling Generated multiple targets Program Same geology as Romero Encouraging hydrothermal alteration Same geophysical signature (Induced Polarization, “IP”) as Romero 2016 IP & Strong gold
Slide 16: Targeting with Geophysical IP Cross Sections
16 Targeting with Geophysical IP Cross Sections Sulphide mineralization has a strong IP signature Outstanding potential untested surrounding Romero and throughout Tireo Belt Romero Target a Target b Target c Surface IP Chargeability Hydrothermal (Discrete Inversion) 200 m 200 m Currently drillin
Slide 17: Exploration & Development Programs Delivering Newsflow
17 Exploration & Development Programs Delivering Newsflow 2016 2017 2018 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Exploration IP Program Tireo Drilling (Phase 1) Romero Brownfields Pre-Feasibility Planned Feasibility Permitting Studies - Mine Permit Application - Environmental Prep Period Potential Construction Exce
Slide 18: Summary
18 Summary Developing One of few recent significant discoveries globally Continuing to de-risk our high return project PFS published Nov 11th, 2016 @ 28% IRR and $595/oz AISC Permitting underway Exploring 10,000 m. drill program in progress testing new targets in our 100% owned, 50 km Tire
Slide 19: GQC Positioned for both Exploration and Development
19 GQC Positioned for both Exploration and Development 1. Lassonde Curve 2. Five year GQC Trend Stock Price 1 2 3 4 www.goldquestcorp.com Source 1: P. Lassonde’s The Gold Book (1990), M. Curran - Beacon Securities modifications Source 2: Historic Chart for CDN:GQC by Stockwatch.com, November 11 th,
Slide 20: Stock Price Performance
20 Stock Price Performance Michael Curran 1.00 C$1.40 Date: November 11th, 2016 0.90 0.80 Stuart McDougall 0.70 C$1.25 Share Price ($C/Share) 0.60 0.50 Tyron Breytenbach 0.40 C$1.00 0.30 0.20 0.10 Ron Stewart C$0.90 0.00 Jamie Spratt C$0.70 “GoldQuest ranks among our favourite developers “…among the
Slide 21: Low Price to Net Asset Value (P/NAV)
21 Low Price to Net Asset Value (P/NAV) Development Stage Gold Companies 1.00x 0.90x 0.80x 0.70x P/NAV 0.60x 0.50x 0.40x 0.30x Sabina Gold & Silver Corp Dalradian Resources Inc Belo Sun Mining Corp Victoria Gold Corp Continental Gold Inc Integra Gold Corp Pershimco Resources Inc Falco Resources Ltd
Slide 22: An Emerging Developer with Exploration Upside
22 COMPELLING SIGNIFICANT ECONOMICS CLEAR EXPLORATION DEVELOPMENT UPSIDE ROMERO: PATH Fully Scalable An Emerging Developer with Exploration Upside www.goldquestcorp.com
Slide 23: Shares and Cash Position
Shares and Cash Position 23 Market Capitalization ~C$62.56M Shares Outstanding 215,732,384 Basic Shares Outstanding 248,755,725 Fully Diluted Cash C$7.5M* Stock Price** C$0.29 * Cash (Actual) as of November 14th, 2016 **As of November 14th, 2016 close Management Contact Info: Julio Espaillat CEO Pau
Slide 24: Pre-Production Capital Costs
24 Pre-Production Capital Costs NPV5% IRR AISC PAYBACK $203M 28% $595/OZ 2.5 AuEq. YEARS After taxes Contingency Underground Mining $21.3M $15.7M Site Development and Road Blocks $13.5M Owner’s Cost $10.2M $158.6 EPCM CAPITAL $23.2M Processing Facilities $32.4M Indirect Costs $11.8M DIRECT COSTS On-
Slide 25: Our Environment & Community
25 Our Environment & Community Design Features Minimizing Environmental Impact: No use of cyanide 100% of the waste rock returned back underground as backfill eliminates potential for acid rock drainage No water intake from San Juan River Capture of run-off water to supply the mine Filte