Quadro Resources Ltd. — Capital/Financing Update 2023

Mar 3, 2023

QUADRO RESOURCES LTD.

QUADRO ATTENDS PDAC ANNOUNCES UPDATE ON PRIVATE PLACEMENT

Vancouver, B.C., March 3, 2023. Quadro Resources Ltd. ("Quadro" or the "Company") (TSXV: QRO, OTC Pink: QDROD, FRA: G4O2) is pleased to announce that T. Barry Coughlan, President and CEO, will be attending PDAC this year. Shareholders and investors are welcome to contact Mr. Coughlan per the contact details below. Furthermore, the Company has decided not to pursue the financing previously announced November 29, 2022.

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 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