Quadro Resources Ltd. — Board/Management Information 2023

Jun 22, 2023

51-102F3 Material Change Report [F]

Item 1 Name and Address of Company

Quadro Resources Ltd. 1400 – 1040 West Georgia Street Vancouver, BC V6E 4H1

Item 2 Date of Material Change

June 21, 2023

Item 3 News Release

The news release dated June 21, 2023 was disseminated through Canada Stockwatch and Market News under section 7.1 of National Instrument 51-102.

Item 4 Summary of Material Change

Please refer to attached news release.

Item 5 Full Description of Material Change

5.1 Full Description of Material Change

Please refer to attached news release

5.2 Disclosure for Restructuring Transactions

N/A

Item 6 Reliance on subsection 7.1(2) or (3) of National Instrument 51-102

N/A

Item 7 Omitted Information

N/A

Item 8 Executive Officer

T. Barry Coughlan, CEO, (604) 683-3331

Item 9 Date of Report

June 22, 2023

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QUADRO ANNOUNCES RESULTS OF ANNUAL MEETING

Vancouver, B.C., June 21, 2023. Quadro Resources Ltd. (“Quadro” or the “Company”) (TSXV: QRO, OTC Pink: QDROF, FRA: G4O2) is pleased to announce that at its annual meeting held Wednesday June 14, 2023 all motions put before shareholders were approved by an overwhelming majority. At the meeting Pieter Bakker and Thomas Wilson were added to the Company’s Board of Directors, so that the Board now consists of the following five (5) Directors:

• T. Barry Coughlan

• Trevor Thomas

• Nelson Baker

• Pieter Bakker

• Thomas Wilson

Following the meeting, Mr. Coghlan was re-appointed as CEO of the Company, Mr. Wilson as CFO, and Gordon Fretwell as Corporate Secretary.

Brian Corrall chose not to stand for re-election and the Company thanks him for his support and service over the past years.

About Quadro Resources – Quadro is a publicly traded mineral exploration company. It is led by an experienced and successful management team and is focused on exploring for gold in North America. The Company’s shares trade on the TSX Venture Exchange under the symbol “QRO”. Quadro owns a 100% interest in the Staghorn property which it has optioned to TRU Precious Metals Corp., owns a 100% interest in the Long Lake property, has an option to earn a 100% interest in the Yellow Fox/Careless Cove properties, and has an option to earn an initial 51% interest in the Tulks South Property, in Newfoundland.

On behalf of the board of directors, Quadro Resources Ltd.

“T. Barry Coughlan” President and CEO

Tel (604) 644-9561 info@quadroresources.com

"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." The information contained herein contains "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements relate to information

1400 – 1040 West Georgia Street � Vancouver, B.C. � V6E 4H1 � Tel (604) 644-9561 info@quadroresources.com

that is based on assumptions of management, forecasts of future results, and estimates of amounts not yet determinable. Any statements that express predictions, expectations, beliefs, plans, projections, objectives, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements." Forward-looking statements are subject to a variety of risks and uncertainties that could cause actual events or results to differ from those reflected in the forward-looking statements. Investors are cautioned against attributing undue certainty to forward-looking statements. These forward-looking statements are made as of the date hereof and the Company does not assume any obligation to update or revise them to reflect new events or circumstances. Actual events or results could differ materially from the Company's expectations or projections.” For more information on the Company, interested parties should review the Company's filings that are available at www.sedar.com.

1400 – 1040 West Georgia Street � Vancouver, B.C. � V6E 4H1 � Tel (604) 644-9561 info@quadroresources.com