Quadro Announces the Staking of Claims IN New Precious Metals Discovery Area of Northern Newfoundland, Appoints Director and Issues Stock Options
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (778) 373-6734 Fax (604) 685 -8677
QUADRO ANNOUNCES THE STAKING OF CLAIMS IN NEW PRECIOUS
METALS DISCOVERY AREA OF NORTHERN NEWFOUNDLAND,
APPOINTS DIRECTOR AND ISSUES STOCK OPTIONS
Vancouver, B.C. January 18, 2018. Quadro Resources Ltd. (“Quadro” or the “Company”)
(TSXV:QRO) announces that it has acquired by staking two claim blocks in the St. Anthony
area on the Northern Peninsula, Newfoundland. The two blocks (Pistolet and Cape Rouge) total
122 claim units (30.5 sq km) and cover a portion of graphitic black argillaceous shale unit which
is analogous to the geology which hosts White Metals Resources Corp.’s new gold discoveries
(see TSXV:WHM press release dated Nov. 20, 2017). The Quadro claims were identified for
staking based on the favorable geology and coincident Ag-in-lake sediment anomalies. White
Metals Resources’ recent discoveries consist of highly anomalous gold within pyritic black
shales found over a 15 sq. km area and this has led to significant additional staking by White
Metals Resources and by other resource companies. The area could be a significant discovery
in a unique environment and which may be analogous to large gold deposits hosted in black
shales in other parts of the world, such as those in the Kalgoorlie area of Australia.
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.
The Company is also pleased to announce the appointment to the Board of Directors of Mr.
Nelson Baker. Mr. Baker, P.Eng., has been active in the mineral exploration industry for many
years. He received his Mining Technology Diploma (1964) at the Haileybury School of Mines, in
Ontario followed by a B.Sc. degree in Geological Engineering in 1968 from the South Dakota
School of Mines, in Rapid City, South Dakota. Mr. Baker has been the Preside nt and CEO of
Mineral Mountain Resources Ltd. since July 2010 (TSXV:MMV). Over the years he has served
on several boards particularly in the junior resource sector. He was one of the founding
principles of Rainy River Resources Ltd., and served as a director, President and CEO Of Rainy
River from March 2005 to June 2009. During that period, he and his team successfully
expanded the Rainy River gold deposit from 450,000 ounces to 5 million ounces of gold.
The Company announces the resignation of Tim Hennebe rry as a director of the Company
effective immediately. The Company thanks Mr. Henneberry for his years of service and wishes
him every success in his future endeavors.
The Company also announces that, subject to regulatory approval, it has issued 1,950,0 00
stock options to directors, officers, and consultants.
About Quadro Resources – Quadro is a Vancouver-based, publicly traded mineral exploration
company. It is led by an experienced and successful management team and is focused on
exploring for gold in North America. Quadro has 27,427,094 shares outstanding. The
1500 – 1040 West Georgia Street Vancouver, B.C. V6E 4H1 Tel (778) 373-6734 Fax (604) 685 -8677
Company’s shares trade on the TSX Venture Exchange under the symbol “QRO”. Quadro owns
a 100% interest in the Staghorn property in Newfoundland.
ON BEHALF OF THE BOARD OF DIRECTORS
“T. Barry Coughlan”
President and CEO
"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.sedar.com.