Quadro Comments on Its End of 2021 Drill Program at Long Lake and Staghorn, Newfoundland Gold Belt

Vancouver - Quadro Resources Ltd. ('Quadro' or the 'Company') (TSXV: QRO, OTCQB: QDROF, FRA: G4O2) is pleased to announce that it has completed its inaugural drill program at Long Lake and the second drill program of 2021 at its Staghorn project in Newfoundland.

This latest drill program began at Long Lake in July before finishing at Staghorn in October. A total of nine holes were completed (five at Long Lake and four at Staghorn) and the Company is currently awaiting assay results. The Company is pleased with this year's drilling and exploration programs, which were challenging to organize due to a previously unseen increased level of mineral exploration in the province which continues to put pressure on drill rig and personnel availability. Due to this increased activity, the assay labs have been backed up to as much as two months, however the Company expects complete assay results in the coming weeks.

From T. Barry Coughlan (CEO): 'Initial indications from the recent drill program at Long Lake and Staghorn are very positive and all holes hit the targeted mineralization, with visible gold in some cases. We look forward to releasing the assay results when received and compiled. Quadro is currently working on producing new data maps. These new maps will incorporate this year's IP and mag and drill work allowing for a clearer overview of what we are looking at, which we believe could be a possible new discovery of an east-west trend through Long Lake and an extension to the Marks Pond zone at Staghorn. We look forward to releasing these results and planning next year's field programs.'

Long Lake

Quadro has a 100% interest in this property, located proximal to Marathon Gold's Valentine Lake deposits, totaling 272 claim units covering 6800 hectares. The property is located along the northwest boundary of the Marathon Gold's Valentine Lake project within an under-explored belt of mineralized volcano-sedimentary and intrusive rocks. At Long Lake, the main target has been the Ricky occurrence, where soil sampling and prospecting had defined a 700 m long gold target highlighted by a strong Au-in-soil anomaly and a number of float samples with values up to 33.65 g/t Au.

The 2021 field program at Long Lake included geophysics, prospecting and geochemistry and this program was expanded to cover the recently optioned Tulks South claims. Detailed ground magnetics and induced polarization was completed on the Ricky target and five holes were drilled, intersecting pyrite mineralization with strong alteration including silicification, sericitization and variable quartz veining. Minor visible gold was recognized within the altered zone.

In July 2021, Quadro optioned the Tulks South property which consists of 212 claim units covering a portion of the Tulks volcanic belt. These claims are tied onto Quadro's Long Lake property and the entire package now consists of 482 units (120.5 sq km) covering a broad Monzonite intrusive unit which trends northeast across the properties. This unit is parallel to the Valentine Lake Monzonite which hosts Marathon Gold's Valentine Lake deposits located 7 km to the southeast of the Quadro claims.

Staghorn

At Staghorn, the Company drilled four holes on the southwest end of the Marks Pond Zone, under last year's identified mineralized targets. Previous drilling last winter at Marks Pond extended the wide gold alteration zone 400 m to the northeast with good indications that the gold grade and thickness were increasing with depth. Previous drilling in this area included intersections of 20.37 g/t Au over 0.5 m and 3.22 g/t Au over 5.0m. Results from the four recently completed holes are pending.

Staghorn, Long Lake, and Tulks South are located within the auriferous 'Cape Ray Fault Corridor', proximal to Marathon Gold's Valentine Lake deposits (Total Measured Mineral Resources (inclusive of the Mineral Reserves) comprise 1.9 Moz (31.7 Mt at 1.86 g/t) with Indicated Mineral Resources (inclusive of the Mineral Reserves) of 1.19 Moz (23.2 Mt at 1.60 g/t). Additional Inferred Mineral Resources are 0.96 Moz (16.77 Mt at 1.78 g/t Au). (N.I. 43-101 Technical Report & Pre-Feasibility Study on the Valentine Gold Project Newfoundland and Labrador, Canada Report date: April 21, 2020. Effective date: April 18, 2020 Prepared for: Marathon Gold Corporation 10 King St. East, Suite 501, Toronto, ON, M5C 1C3 Prepared by: Ausenco Engineering Canada). Other hot spots along this corridor include Matador Mining Ltd.'s Cape Ray deposits with a resource of 837,000oz Au at 2 g/t and Sokoman Minerals Corp.'s Moosehead project where an on-going drill program has produced intersections with 11.90 m @ 44.96 g/t Au including 1.35 m @ 385.85 g/t Au. (Mineralization hosted on these established operations is not necessarily indicative or representative of the mineralization that may be hosted on the Company's property.)

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, has an option to earn a 100% interest in the Long Lake and Careless Cove properties, and has an option to earn an initial 51% interest in the Tulks South Property, in Newfoundland.

Contact:

T. Barry Coughlan

Tel: [phone]

Email: [e-mail]

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.

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