Quadro Announces Approval of Acquisition of Additional Newfoundland Mineral Claims
QUADRO ANNOUNCES APPROVAL OF ACQUISITION OF
ADDITIONAL NEWFOUNDLAND MINERAL CLAIMS
Vancouver, B.C., August 26 , 2026. Quadro Resources Ltd. (“Quadro” or the “Company”) ( TSXV: QRO;
FSE: G4O ) is pleased to announce that, further to its news release dated May 13, 2026, it has completed the
acquisition of an aggregate of 53 mineral claims pursuant to three separate mineral property acquisition agreements.
Benton Acquisition
The Company has completed the acquisition of 5 mineral claims from Benton Resources Inc. (“Benton”) in
consideration for a cash payment of $10,000 and the issuance of 100,000 common shares of the Company.
Quadro and Benton are considered Non-Arm’s Length Parties under the policies of the TSX Venture Exchange (the
“Exchange”) as a result of having a common officer, Gordon Fretwell, who serves as Corporate Secretary of both
companies. Mr. Fretwell did not participate in the negotiation of the transaction and did not participate in the board’s
approval of the transaction.
The Company has considered the application of Exchange Policy 5.9 – Protection of Minority Security Holders in
Special Transactions and Multilateral Instrument 61 -101 – Protection of Minority Security Holders in Special
Transactions (“MI 61-101”). The formal valuation and minority shareholder approval requirements of MI 61-101 and
Exchange Policy 5.9 are therefore not applicable, and the Company is not relying on an exemption from either
requirement.
Peters and Ralph Acquisitions
The Company has also completed two acquisitions pursuant to the expedited acquisition procedures of the Exchange.
Pursuant to an acquisition agreement with John Peters, the Company acquired 39 mineral claims in consideration for
a cash payment of $25,000 and the issuance of 250,000 common shares of the Company.
Pursuant to an acquisition agreement with Mark Ralph, the Company acquired nine mineral claims in consideration
for a cash payment of $5,000 and the issuance of 50,000 common shares of the Company.
In aggregate, the Company has acquired 53 mineral claims, issued 400,000 common shares and paid aggregate cash
consideration of $40,000 pursuant to the three acquisitions.
All securities issued in connection with the acquisitions are subject to a hold period of four months and one day from
the date of issuance in accordance with applicable securities laws and the policies of the Exchange.
Strategic Expansion of Long Lake Portfolio
These acquisitions materially expand Quadro’s Long Lake portfolio in Newfoundland and strengthen the Company’s
regional land position in an area considered prospective for gold and base metal mineralization.
“We are pleased to significantly expand Quadro’s Long Lake portfolio through the acquisition of these additional
claims,” stated Barry Coughlan, CEO. “These acquisitions strengthen our regional land position in a prospective
mineral belt in Newfoundland and align with our strategy of consolidating and advancing high-potential exploration
assets in Atlantic Canada.”
Qualified Person
Wayne Reid, P. Geo., VP Exploration for Quadro and a qualified person as defined in National Instrument 43 -101,
is responsible for this release and supervised the preparation of the information forming the basis for this release.
About Quadro Resources – Quadro Resources Ltd. is a publicly traded mineral exploration company with
approximately 36 million shares outstanding, listed on the TSX Venture Exchange under the ticker symbol “QRO.”
The Company focuses on gold exploration in North America. Quadro owns a 49% interest in the Staghorn property,
while TRU Precious Metals Corp. holds 51%. Quadro maintains a 100% ownership in its Long Lake property. Both
properties are located along the Cape Ray Fault in Newfoundland and Labrador.
On behalf of the board of directors,
Quadro Resources Ltd.
“T. Barry Coughlan”
President and CEO
Tel (604) 644-9561
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release." 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.sedarplus.ca