Oct 29 (Reuters) - Goldquest Mining Corp GQC.V :
* CORPORATE UPDATE
* COMPANY HAS DETERMINED TO REDUCE ITS STAFF IN DOMINICAN REPUBLIC TO A MINIMUM AND IS SUSPENDING COMMUNITY PROGRAMS
* CO CONTINUES TO WAIT FOR PRESIDENTIAL ENDORSEMENT OF EXPLOITATION LICENSE FOR ITS ROMERO PROJECT IN DOMINICAN REPUBLIC
* GOLDQUEST MINING - CO IS TAKING STEPS TOWARDS CASH CONSERVATION POLICY AND PROACTIVELY SEEKING OPPORTUNITIES IN OTHER COUNTRIES