Mr. T. Barry Coughlan reports

QUADRO RECEIVES CONDITIONAL APPROVAL TO CLOSE PRIVATE PLACEMENT FINANCING

Further to its Nov. 25, 2025, Dec. 11, 2025, and Jan. 6, 2026, news releases, Quadro Resources Ltd. has received conditional approval from the TSX Venture Exchange to close its 3.5 cents private placement financing.

The company has issued 7,214,286 units at a price of 3.5 cents per unit, with each unit consisting of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the company at an exercise price of six cents per common share for a period of 24 months from the date of issue.

In connection with the financing, and subject to exchange approval, the company will pay cash finders' fees totalling $11,025 and issue 315,000 non-transferable broker warrants, exercisable at six cents for 24 months, as permitted by the policies of the exchange.

All securities issued pursuant to the financing are subject to a four-month-plus-one-day hold, expiring May 9, 2026.

The company intends to use the proceeds of the financing for general working capital purposes ($175,129) and to finance its portion of the Quadro-Tru Precious Metals Corp. joint venture on the Staghorn property ($66,346).

About Quadro Resources Ltd.

Quadro Resources is a publicly traded mineral exploration company with approximately 28.5 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 holds 51 per cent. Quadro maintains full ownership of the Long Lake property. Both properties are located along the Cape Ray fault in Newfoundland and Labrador.

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