New Risk • Jul 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.6m free cash flow). Earnings have declined by 49% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (CA$27.6m market cap, or US$19.6m). Announcement • Jul 08
Quartz Mountain Resources Announces Phase 4 Drill Results and Expands Prodigy Gold-Silver Discovery At Maestro Project Quartz Mountain Resources Ltd. announced assay results from the Phase 4 core drilling program at its 100%-owned Maestro Project in central British Columbia. The results continue to expand the open-ended Prodigy gold-silver discovery and confirm four related mineralization styles (near-surface epithermal gold-silver-molybdenum mineralization, high grade epithermal gold-silver veins, an underlying porphyry gold system and porphyry molybdenum (±copper) deposits. The potential of the Maestro Project is further enhanced by age dating of Prodigy’s gold-silver mineralization which compares to the age of the mineralizing event associated with BC’s new Blackwater Gold-Silver Mine located near Vanderhoof to the south. The Company's immediate priority is the continued delineation and expansion of the high-potential Prodigy near-surface epithermal gold-silver discovery. Building on the strong drill results and geological insights gained from Phases 1 through 4 drill programs, Phase 5 drilling is planned to mobilize in September 2026, as rigs become available. With a working capital position of $2.6 million and a British Columbia drill permit already in hand covering 37 additional drill sites, Quartz is well positioned to continue unlocking the important potential of the new Prodigy gold-silver discovery. The Phase 4 program comprised eight drill holes (26-14 through 26-21) totaling 4,366 metres. Five scout holes tested targets up to 500 metres east of the Prodigy discovery, while three scout holes were drilled up to 300 metres west. Combined drilling completed at the Prodigy discovery during Phases 1 through 4 now totals 12,951 metres across 21 drill holes. Phase 4 drill program highlights include: Multiple new intercepts of near surface epithermal gold-silver mineralization including: 306.6 m grading 0.23 g/t Au, 12 g/t Ag, 0.020% Mo and 0.03% Cu: 0.54 g/t AuEQ (26-14); 163.9 m grading 0.31 g/t Au, 18 g/t Ag, 0.024% Mo and 0.04% Cu: 0.72 g/t AuEQ (26-14); 59.0 m grading 0.31 g/t Au, 5 g/t Ag, 0.014% Mo and 0.03% Cu: 0.50 g/t AuEQ (26-19). Expansion of the northwest-trending Prodigy epithermal gold-silver system to a mineralized volume measuring approximately 600 metres long, 100 to 200 metres wide, and up to 500 metres deep. Multiple new intercepts of higher grade gold-silver veins including: 2.4 m grading 5.09 g/t Au, 46 g/t Ag, 0.029% Mo and 0.02% Cu: 5.86 g/t AuEQ (26-14); 3.0 m grading 2.17 g/t Au, 246 g/t Ag, 0.003% Mo and 0.00% Cu: 5.20 g/t AuEQ (26-17); 1.3 m grading 7.26 g/t Au, 145 g/t Ag, 0.054% Mo and 0.60% Cu: 10.21 g/t AuEQ (26-21). Multiple broad intervals of porphyry molybdenum (± copper) mineralization east of Prodigy, supporting the emergence of a second large molybdenum deposit on the Maestro Property: 151.0 m grading 0.026 % Mo and 0.04% Cu (26-15); 396.0 m grading 0.017 % Mo and 0.03% Cu (26-16); 97.0 m grading 0.021 Mo and 0.03% Cu (26-17). While Phase 4 drilling was not specifically designed to target deeper porphyry gold mineralization, several holes intersected broad zones of porphyry molybdenum (± copper) mineralization east of the Prodigy discovery. These results combined with nearby historical drill hole results support the emergence of a potentially significant molybdenum system adjacent to Prodigy that may be comparable in scale to the Company's Lone Pine molybdenum deposit, located approximately one kilometre to the south. Announcement • Jan 27
Quartz Mountain Resources Ltd. Announces Induced Polarization Geophysical Survey Results for Maestro Gold-Silver Project, British Columbia Quartz Mountain Resources Ltd. announced it has received the results of an induced polarization ("IP") geophysical survey completed over key portions of its Maestro property by Peter E. Walcott and Associates Limited. The Maestro IP survey results and upcoming drill program are part of focused efforts to create significant shareholder value. IP surveying is widely known to be very useful in outlining sulphide mineral systems like Prodigy gold-silver discovery. The survey has successfully outlined a 3 km sulphide system, and most importantly where Prodigy gold-silver discovery fits within that system. Since Prodigy's geological environment is extensively replicated on the Property, this scientific knowledge is potentially pivotal, and will greatly enhance the potential success of drill program which is set to mobilize on February 3rd. The potential for this project is significant and are looking forward to the results from the upcoming drill program. Highlights: High-resolution IP survey successfully outlines Maestro's sulphide mineral systems, including the Prodigy Au-Ag discovery. Prodigy Au-Ag discovery located adjacent to central core in the high-chargeability margin of the system, a geological environment that is extensively replicated on the Property. Survey results significantly enhance the potential success of the next drill program which is set to commence February 3rd. The deep sensing IP survey obtained high resolution chargeability and resistivity responses over the area proximal to the Prodigy Au- Ag discovery and the Lone Pine molybdenum deposit located one kilometer to the south. The Maestro Project, located in central British Columbia, lies adjacent to Highway 16, 15 km north of Houston and 45 km south of Smithers, providing year-round road access to the project and nearby infrastructure including, rail, hydroelectricity, and natural gas. Covering 2,422 hectares, it has a rich exploration history dating back to 1914, primarily focusing on the Lone Pine Mo-Cu porphyry deposit and not the precious metals potential of the surrounding area. Since acquiring the property, Quartz has conducted comprehensive geochemical and geophysical surveys, including soil/silt sampling, induced polarization geophysics, airborne magnetic surveys, hyperspectral studies, detailed relogging and re-assaying of historical drill core located across the Maestro Property. Quartz's first ever drill test on its Maestro Property, a Phase One, two-hole drill program at the Prodigy Zone, discovered exciting high-grade Au-Ag lodes and Ag-Au veins which are both hosted within an extensive epithermal Au-Ag system. The Au lodes and Ag veins along with the more disseminated precious metals intersected by the drill holes are all hosted within a large and earlier deposited, Mo-Cu porphyry system. Quartz's second core hole, PR23 -02 intersected 102 meters grading 2.22 g/t Au and 104 g/t Ag, including 12 meters grading 1.23 g/t Au and 586 g/t Ag and also 36 meters of 5.73 g/t Au and 87 g/t Ag. Drill results to date indicate high potential for both bulk tonnage and underground high-grade gold and silver mineralization. Three phases of delineation type drilling consisting of 13 holes (8,346 meters) that focused on the new Prodigy discovery at Maestro have been completed and announced. Plans are for further drilling at Prodigy being consistently advanced in multiple stages during 2026. Mineralization remains open in multiple directions and at depth, promising significant further potential. Adding to the potential at Maestro is recent age dating of Prodigy gold-silver mineralization compares favorably to the age of the mineralizing event at BC's successful new Blackwater Gold Mine. 
