Quadro Resources Ltd. provided an update on its planned exploration and drilling program for its two gold projects in Newfoundland. Following its recent private placement Quadro is preparing to aggressively explore and develop its highly prospective Staghorn and Long Lake gold projects in Newfoundland (together, the Victoria Lake Projects) in second quarter of 2020. The two Company assets are located along the highly prospective Cape Ray Fault system which contains some of Newfoundland's most prospective properties in the region with excellent geology, multiple new gold zones and large land holdings. While developing its current projects the Company is actively engaged to increase its asset portfolio of precious metals in Canada and the United States. The Geological Survey of Canada has compared structural gold controls of the Abitibi greenstone belt and central Newfoundland Appalachians, and the implications for Newfoundland gold potential (Bleeker, W. and Honsberger, I., 2018). Both Long Lake and Staghorn projects are situated along the Cape Ray Fault and related splays. In particular the Staghorn property occurrences are intrinsically related to the Cape Ray Fault which is interpreted to be analogous to Abitibi-type fault-hosted gold quartz vein deposits (Wilton, D. Terra Rosetta Incorporated. May 1, 2017). Newfoundland is geologically diverse with a wide spectrum of minerals, including base and precious metals. It enjoys a stable political and regulatory environment, predictability and security, with superb infrastructure and accessibility. Newfoundland is regularly ranked among the top mining jurisdictions in the world, with historical mining jurisdictions, including drill data and defined resources, and offers various investor and tax benefits.