Mr. T. Barry Coughlan reports

QUADRO ANNOUNCES MANAGEMENT CHANGES AND STOCK OPTION GRANTS

Quadro Resources Ltd. has made changes to its management team and granted stock options following a meeting of its board of directors.

Management changes

The board of directors has appointed Pieter Bakker as chief executive officer and president of the company, effective Oct. 22, 2026. Mr. Bakker currently serves as a director of Quadro and brings more than 15 years of experience in the mineral resource sector, spanning corporate finance, capital markets and public company administration. He has served as an officer, director and audit committee chair for TSX Venture Exchange-listed issuers. He holds an executive MBA from Simon Fraser University.

Mr. Bakker succeeds T. Barry Coughlan as chief executive officer. Mr. Coughlan will continue to serve as executive chairman of the board of directors of the company.

"We have a strong foundation at Long Lake and through our interest in Staghorn, and we are pleased to have Pieter lead Quadro's next chapter," stated Mr. Coughlan. "Pieter has the board's confidence and I look forward to working with him and the team to advance our exploration priorities."

"I thank the board for its confidence and the team for its work to date," stated Mr. Bakker. "My focus will be on working to secure capital to advance our projects, allocating resources carefully and considering opportunities to grow Quadro where there is a clear benefit to shareholders."

The company also announces that Wayne Reid has resigned as vice-president, exploration, and that John Peters has been appointed vice-president, exploration, effective Oct. 22, 2026. Mr. Reid will continue as a consultant to the company. Mr. Peters is a geologist with more than 40 years of exploration and mining experience across Canada and internationally. He has held mine geology and exploration management roles and managed projects under joint ventures with Sumitomo Mining, Capstone Mining and Gold Fields Canada. His discovery experience includes the Woodjam copper-gold deposit, Westhaven Gold's Shovelnose gold discovery and the Beaver nickel deposit in British Columbia.

Stock option grants

The company has granted an aggregate of 550,000 incentive stock options to directors, officers and consultants under its stock option plan. The options are exercisable at seven cents per common share for terms of three and five years from the grant date. The grants are subject to applicable TSX Venture Exchange requirements.

About Quadro Resources Ltd.

Quadro Resources is a publicly traded mineral exploration company with approximately 36 million shares outstanding, listed on the TSX Venture Exchange 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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