Quadro completes acquisition of Newfoundland claims

Mr. T. Barry Coughlan reports QUADRO ANNOUNCES APPROVAL OF ACQUISITION OF ADDITIONAL NEWFOUNDLAND MINERAL CLAIMS Further to its news release dated May 13, 2026, Quadro Resources Ltd. has completed the acquisition of an aggregate of 53 mineral claims pursuant to three separate mineral property acquisition agreements. Benton acquisition The company has completed the acquisition of five mineral claims from Benton Resources Inc. in consideration for a cash payment of $10,000 and the issuance of 100,000 common shares of the company. Quadro and Benton are considered non-arm's-length parties under the policies of the TSX Venture Exchange as a result of having a common officer, Gordon Fretwell, who serves as corporate secretary of both companies. Mr. Fretwell did not participate in the negotiation of the transaction and did not participate in the board's approval of the transaction. The company has considered the application of TSX-V Policy 5.9, Protection of Minority Security Holders in Special Transactions, and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The formal valuation and minority shareholder approval requirements of MI 61-101 and TSX-V Policy 5.9 are therefore not applicable, and the company is not relying on an exemption from either requirement. Peters and Ralph acquisitions The company has also completed two acquisitions pursuant to the expedited acquisition procedures of the exchange. Pursuant to an acquisition agreement with John Peters, the company acquired 39 mineral claims in consideration for a cash payment of $25,000 and the issuance of 250,000 common shares of the company. Pursuant to an acquisition agreement with Mark Ralph, the company acquired nine mineral claims in consideration for a cash payment of $5,000 and the issuance of 50,000 common shares of the company. In aggregate, the company has acquired 53 mineral claims, issued 400,000 common shares and paid aggregate cash consideration of $40,000 pursuant to the three acquisitions. All securities issued in connection with the acquisitions are subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws and the policies of the exchange. Strategic expansion of Long Lake portfolio These acquisitions materially expand Quadro's Long Lake portfolio in Newfoundland and strengthen the company's regional land position in an area considered prospective for gold and base metal mineralization. "We are pleased to significantly expand Quadro's Long Lake portfolio through the acquisition of these additional claims," stated Barry Coughlan, chief executive officer. "These acquisitions strengthen our regional land position in a prospective mineral belt in Newfoundland and align with our strategy of consolidating and advancing high-potential exploration assets in Atlantic Canada." 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. We seek Safe Harbor.