Vancouver, British Columbia--(Newsfile Corp. - March 4, 2024) - Quadro Resources Ltd. (TSXV: QRO) (OTC Pink: QDROF) (FSE: G4O) ("Quadro" or the "Company") is pleased to provide a summary of events and activities for 2023 as well as plans for 2024.

2023 SUMMARY

In late 2022, and continuing throughout 2023, the Company faced formidable setbacks that disrupted its planned exploration programs and which were not resolved until the end of 2023. These setbacks significantly impacted the Company's ability to continue exploration on its Long Lake project in Central Newfoundland.

The root cause of these disruptions was the cancellation of four of the Company's Long Lake claims in Central Newfoundland (see Quadro's news release dated December 8, 2022). These cancellations resulted in the Company being unable from exploring and developing these claims while it argued its case before the Newfoundland Mineral Rights Adjudication Board to have the claims reinstated.

The cancellations coincided with the Company's announced $1,000,000 private placement which collapsed as a result, helping to cause a fall in the Company's stock price (see Quadro's news release dated November 29, 2022). see & read more on
https://www.newsfilecorp.com/release/200310/