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.

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Quartz Mountain Resources Announces Phase 4 Drill Results and Expands Prodigy Gold-Silver Discovery At Maestro Project

Quartz Mountain Resources Ltd. Announces Induced Polarization Geophysical Survey Results for Maestro Gold-Silver Project, British Columbia

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