Quadro Resources Ltd. announced the final geochemical reporting of trenching and channel sampling from previously announced high grade gold results from recent work completed by TRU on Quadro's recently optioned Staghorn property in Central Newfoundland and completed 130m northwest of the main Mark's Pond Shear zone. - The Northcott Gold Zone is a significant gold discovery for TRU within a newly uncovered brittle-ductile shear zone located 130 m northwest of the Mark's Pond Gold Zone. This 2 to 3 m wide northeast trending shear zone contains abundant visible gold within quartz-carbonate veins and the surrounding wall rock.

- Significant channel sample gold results from the Northcott Gold Zone include: 57.6 g/t Au over 2.5 m including 141 g/t Au over 1.0 m 34.0 g/t Au over 2.0 m including 65.4 g/t Au over 1.0 m 23.5 g/t Au over 2.0 m including 90 g/t Au over 0.5 m - Channel samples in the Northcott Gold Zone were collected at 0.5 to 1 m intervals within 14 transects along a 23 m long northeast strike-line. A full QAQC program was implemented, and the majority of the channel samples underwent total pulp metallics analysis due to fire assay results returning >1 g/t Au. - The Northcott Gold Zone remains open along strike to the southwest and northeast.

TRU plans to extend the trench further in both directions and complete detailed structural mapping of the entire trench and additional channel sampling in spring 2023 prior to drilling this zone. Quadro is pleased that ongoing efforts by TRU is continuing to show strong Au results within the Staghorn option. The new Northcott Gold Zone builds on the observed parallel gold bearing trends noted within the Mark's Pond zone and thus significantly adds to the overall potential of the area.