Contact:

www.gold-questinternational.com (no longer operational)

Telephone: 702-430-9030 (Nevada area code)

Background:

We received reports that residents of British Columbia and elsewhere in Canada had invested in Las Vegas, Nevada-based Gold-Quest International.  Gold-Quest purportedly pooled investor funds and invested them in foreign currency exchange trading, offering investors an 87.5% annual return on their investment.

The BCSC and securities regulators in other Canadian provinces issued investor alerts and cease trade orders about Gold-Quest International in the spring of 2008.

In May of 2008, the United States Securities and Exchange Commission filed a complaint and obtained court orders against Gold-Quest International, requiring, among other things, the appointment of a receiver.

In June of 2010, the Alberta Securities Commission imposed significant sanctions against the central players involved in Gold-Quest International.

Supporting Documents:

• British Columbia Securities Commission: Investor Alert - March 5, 2008  
  
  British Columbia Securities Commission: Cease Trade Order - March 7, 2008  
  
  Alberta Securities Commission: Interim Cease Trade Order Extension - March 27, 2008  
  
  Ontario Securities Commission: Temporary Order - April 1, 2008  
  
  Ontario Securities Commission: Order - October 7, 2008  
  
  Saskatchewan Financial Services Commission: Order - June 5, 2008  
  
  Securities and Exchange Commission: Litigation Release - May 7, 2008  
  
  Securities and Exchange Commission: Complaint - May 6, 2008  
  
  Autorité des marchés financiers: News release - November 11, 2008  
Alberta Securities Commission: News release - June 22, 2010