Vancouver - Quadro Resources Ltd. (TSXV: QRO) ('Quadro' or the 'Company') is pleased to announce that, further to its February 24, 2020 news release, it has received TSX Venture Exchange approval for an option to acquire a 70% interest in the platinum-palladium prospective Seagull Lake Property (the 'Property') from White Metal Resources Corp. ('WHM').

The Property, which covers 7,539 ha, is about a one hour drive north of the port city of Thunder Bay, is located about 50 km south of Impala Canada's Lac des Iles Mine (previously North American Palladium), and is about 28 km north of the copper (Cu), nickel (Ni), and platinum group element (PGE) discoveries of Rio Tinto and Panoramic Resources.

About Quadro Resources

Quadro is a publicly traded mineral exploration company. It is led by an experienced and successful management team, supported by a distinguished Board of Directors and is focused on exploring for gold in North America. Quadro has approximately 39.8 million shares outstanding. The Company's shares trade on the TSX Venture Exchange under the symbol 'QRO'. Quadro owns a 100% interest in the Staghorn and Conche properties in Newfoundland, and an option to earn a 100% interest in the 192 claim unit Long Lake Gold property.

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.'

Contact:

Tel: +1 (778) 373-6734

Fax: +1 (604) 689-1288

Email: info@quadroresources.com

Web: www.quadroresources.com

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