Mr. Barry Coughlan reports

QUADRO ANNOUNCES RESULTS OF ANNUAL MEETING

At Quadro Resources Ltd.'s 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 directors:

• T. Barry Coughlan;
• Trevor Thomas;
• Nelson Baker;
• Pieter Bakker;
• Thomas Wilson.

Following the meeting, Mr. Coughlan was reappointed as chief executive officer of the company, Mr. Wilson as chief financial officer 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 Ltd.

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-per-cent interest in the Staghorn property which it has optioned to TRU Precious Metals Corp., owns a 100-per-cent interest in the Long Lake property, has an option to earn a 100-per-cent interest in the Yellow Fox/Careless Cove properties, and has an option to earn an initial 51-per-cent interest in the Tulks South property, in Newfoundland.

We seek Safe Harbor.