Goldquest Mining Corp. announced that Frank Balint has been appointed to its board of directors and that the company has entered into an agreement with William (Bill) Fisher with respect to his position as executive chairman. Frank Balint is a seasoned mining executive with over 35 years of broad ranging practical experience in the mining industry.

Mr. Balint was also formerly a director of Wolfden Resources Inc. With William (Bill) Fisher's involvement expanding beyond typical chairman responsibilities, the company has entered into an agreement with Mr. Fisher pursuant to which he will act as executive chairman for a further period of three years with effect from January 1, 2013.