Quadro Confirms Execution of Joint Venture Agreement ON Staghorn Property
QUADRO CONFIRMS EXECUTION OF JOINT VENTURE AGREEMENT ON
STAGHORN PROPERTY
Vancouver, B.C., February 1 9, 2026. Quadro Resources Ltd. (“Quadro” or the “Company”)
(TSXV: QRO ; FSE: G4O ) is pleased to confirm that it has executed a Joint Venture Agreement
(“JVA”) with TRU Precious Metals Corp. (“TRU”) governing the parties’ respective 49% (Quadro) and
51% (TRU) interests in the Staghorn Property, located within TRU’s broader Golden Rose Project in
Newfoundland, located along the auriferous Cape Ray Fault and proximal to Equinox Gold Corp.'s
Valentine Mine.
The JVA formalizes the joint venture relationship that became effective July 5, 2025, following TRU’s
decision not to exercise its additional option under the original Option Agreement dated June 15, 2022
(as amended).
Key Commercial Terms
Under the JVA:
• The parties will fund approved programs and budgets on a pro rata basis (51% TRU / 49%
Quadro).
• A management committee has been established with two representatives appointed by TRU and
one representative appointed by Quadro.
• TRU will act as operator and is entitled to a 10% operator fee on qualifying joint venture
expenditures.
• Standard dilution provisions apply in the event a party elects not to fund approved expenditures.
• The JVA contemplates certain royalty conversion mechanics in defined circumstances.
Quadro notes that these terms are consistent with the framework contemplated under the original Option
Agreement.
Quadro’s Position and Strategic Context
The Staghorn Property represents a significant asset within the Golden Rose land package. Quadro’s
49% participating interest preserves substantial exposure to exploration upside while limiting capital
obligations relative to a 100% ownership structure. The JVA remains subject to the rights of Eldorado
Gold Corporation under its earn-in agreement with TRU on the broader Golden Rose Project.
Quadro continues to evaluate capital allocation and exploration priorities across its broader project
portfolio and will participate in approved programs at Staghorn consistent with its strategic and financial
objectives.
T. Barry Coughlan, CEO & President, commented: “This agreement clarifies how the Staghorn joint
venture will operate going forward. Quadro retains a strong 49% interest, and we look forward to
advancing the project in a practical and disciplined way while protecting shareholder value.”
Further updates regarding exploration plans and budgets will be provided as they are approved by the
joint venture management committee.
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.” F or more information on the
Company, interested parties should review the Company's filings that are available at www.sedarplus.ca