Quadro Resources Ltd. announced 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. 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. 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.). Drilling Summary on the Staghorn and Long Lake Properties: Nov-Dec 2018 887 meters in five holes focused on completing a fence of holes across the Cape Ray structure at Ryan's Hammer, Staghorn. This drilling combined with previous drilling to the east partially outlined two wide gold trends with only one drill cut in each trend. Sep-Dec 2020 1696 meters in thirteen holes. The drilling tested two of four soil anomalies in the Marks Pond area and attempted to expand on the Ryan's Hammer mineralization previously tested in 2018 at Staghorn. The highlight of the program was the discovery of a new gold zone at Mark's Pond where hole MP20-02 intersected 10.1 g/t over 1.0m within a wider interval of 3.22 g/t Au over 5.0 m. Feb-May 2021 Ten holes at the Marks Pond Zone, Staghorn project. Intersected 20.37 g/t Au over 0.5 m and 3.89 g/t Au over 2.5 m. This program was initiated to take advantage of winter conditions to access certain drill sites with wet and boggy terrain. July-Oct 2021 (present program) 1648 meters in nine holes at Long Lake and Staghorn. Assay results are pending; delays due to backed up assay labs. A strongly altered monzonite intrusive was intersected in the Long Lake drilling with minor visible gold identified in one hole. At Staghorn, the Marks Pond Zone was intersected at an average depth of 170 meters in three holes with visible gold identified in one hole.