Mr. T. Barry Coughlan reports

QUADRO FILES FOR FINAL APPROVAL OF UPSIZED $700,000 FINANCING

Further to its May 13, 2026, and June 23, 2026, news releases, Quadro Resources Ltd. has increased the offering from $600,000 to $700,000 and filed documents with the TSX Venture Exchange seeking final approval for a non-brokered private placement financing through the issuance of 14 million units at a price of five cents per unit.

On receipt of exchange approval, the company will issue 14 million units, with each unit consisting of one common share of the company and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the company at a price of 10 cents for a period of 24 months from the date of issuance.

In connection with the private placement, and subject to exchange approval, the company will pay $41,300 in cash finders' fees and issue 826,000 non-transferable broker warrants exercisable at 10 cents per common share for a period of 24 months from the date of issue. All securities issued pursuant to the private placement will be subject to a four-month hold period.

The proceeds of the offering are to be used for exploration expenditures, working capital, property payments and general corporate purposes.

The offering remains subject to exchange approval. All securities issued pursuant to the offering will be subject to a statutory hold period in accordance with applicable securities laws.

Qualified person

Wayne Reid, PGeo, vice-president, exploration, for Quadro and a qualified person as defined in National Instrument 43-101, is responsible for this release and supervised the preparation of the information forming the basis for this release.

About Quadro Resources Ltd.

Quadro Resources is a publicly traded mineral exploration company with approximately 36 million shares outstanding, listed on the TSX-V under the ticker symbol QRO. The company focuses on gold exploration in North America. Quadro owns a 49-per-cent interest in the Staghorn property while Tru Precious Metals Corp. holds 51 per cent. Quadro maintains a 100-per-cent ownership in its Long Lake property. Both properties are located along the Cape Ray fault in Newfoundland and Labrador.

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