GoldQuest Appoints Martin Wafforn to Board, Grants 1,100,000 Stock Options

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GoldQuest Mining Corp. has appointed Martin Wafforn, a professional mining engineer with more than 40 years of technical, operational and project development experience, to its board of directors. Wafforn most recently served as Senior Vice President, Technical Services & Process Optimization at Pan American Silver, where he held progressively senior roles over more than 20 years and led the preliminary economic assessment for the US$1.9 billion La Colorada Skarn expansion project in Mexico. GoldQuest also granted an aggregate of 1,100,000 stock options to certain directors and officers, exercisable at $0.75 per common share, expiring September 16, 2031, and vesting one-third on the date of grant, one-third on the six-month anniversary and one-third on the one-year anniversary. The board additionally approved the cancellation of 40,000 options previously granted to a former employee in error. Chairman Frank Balint said Wafforn's experience in mine engineering, project development and operations will bring valuable technical and practical expertise as the company continues to advance Romero responsibly.

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Appointed experienced mining engineer Martin Wafforn to its board and granted 1,100,000 stock options.