Mr. T. Barry Coughlan reports

QUADRO ANNOUNCES PRIVATE PLACEMENT FINANCING

Quadro Resources Ltd. intends to complete a non-brokered private placement for proceeds of up to $210,000.

The company intends to issue up to six million units at a price of 3.5 cents per unit for aggregate proceeds of up to $210,000. Each unit will consist of one common share and one common share purchase warrant, with each warrant entitling the holder to purchase one additional common share of the company at an exercise price of six cents per common share for a period of 24 months from the date of issue.

In connection with the private placement, the company may pay finders' fees in cash or securities or a combination of both, as permitted by the policies of the TSX Venture Exchange. All securities issued pursuant to the private placement will be subject to a four-month hold period. The private placement is subject to approval by the TSX Venture Exchange.

About Quadro Resources Ltd.

Quadro Resources is a publicly traded mineral exploration company with approximately 28.5 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 full ownership of the Long Lake property. Both properties are located along the Cape Ray fault in Newfoundland and Labrador.

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