Mr. Robert Dickinson reports

QUARTZ COMPLETES PHASE 4 DRILLING WITH ASSAYS PENDING AT MAESTRO GOLD-SILVER PROJECT, BRITISH COLUMBIA

Quartz Mountain Resources Ltd. has completed its phase 4 core drilling program totalling 4,366 metres in eight drill holes at its 100-per-cent-owned Maestro epithermal gold-silver mineral property. Maestro is located in central British Columbia, 45 kilometres south of Smithers and 15 km north of Houston with year-round road access and nearby infrastructure, including rail, hydroelectric power and natural gas. All phase 4 core samples have been delivered to the ALS Canada Ltd. laboratory for analyses of metal content. Assay results will be reported as they become available. Quartz has a treasury of $2.9-million on hand and has been awarded a B.C. government drill permit for 37 additional drill sites. The company plans to mobilize a phase 5 drill program later this year to capitalize on the results and geological knowledge gained from phase 1 through phase 4 drilling.

Phase 4 drilling was safely completed by Apex Diamond Drilling Ltd. based in Smithers between February and April, with no lost time or environmental incidents to report. Geologists from HEG and Associates Exploration Services Inc. skillfully managed the geological assessment and processing of core samples from the drill sites and the Houston-based Corelak-owned core storage, logging and data management facility. Staggered Peaks Consulting from Houston provided heavy equipment operations for construction of drill sites, road upgrades, drill moves and the comprehensive reclamation of all drill sites.

Quartz is targeting gold- and silver-rich mineral systems that occur outboard of two large known molybdenum deposits, all hosted within the extensive Maestro property. The company's phased drill programs are currently focused on delineation drilling of its Prodigy gold-silver-molybdenum-copper discovery. The phase 4 drilling program was completed between February and April, 2026, and comprised eight holes (26-14 through 26-21) totalling 4,366 metres. Five scout-type holes were drilled up to 500 metres east of the Prodigy discovery, and three holes were drilled up to 300 metres west. Quartz's sequential drill programs (phases 1 through 4) at Prodigy now total 12,951 metres across 21 holes (23-01 through 26-21). This drilling has intersected three distinct types of mineralization, which are closely integrated: epithermal Au-Ag-Mo-Cu, porphyry Au and porphyry Cu-Mo or Mo-Cu.

Bob Dickinson, chairman of Quartz, commented: "Prodigy is an exciting precious metal discovery. Our sequential phases of drilling have produced impressive results while significantly enhancing our geological understanding of the mineralized systems. We have intersected three classic yet integrated mineral deposit types: extensive epithermal gold and silver mineralization, a new porphyry gold discovery, and porphyry copper-molybdenum mineralization. Further enhancing the project's potential, our age dating of Prodigy gold-silver mineralization compares favourably to the age of the mineralizing event associated with B.C.'s new Blackwater gold mine located near Vanderhoof to the south. We are keen to advance our phase 5 drilling later this year to capitalize on our expanding data base after phase 4 results are received and compiled," he concluded.

About Quartz Mountain Resources Ltd.

Headquartered in Vancouver, Canada, Quartz Mountain is a well-financed public company whose successful mine-finding management team is focused on discovering and transacting important-scale gold, silver and copper projects in British Columbia. The company owns 100 per cent of the Maestro gold-silver project and 100 per cent of the Jake porphyry copper-gold-silver project. Both projects are permitted by the B.C. government for drilling activities with access to infrastructure and high potential for the development of substantial resources for significant future transactions.

Quartz is associated with Hunter Dickinson Inc., a company with over 35 years of discovering, developing and transacting mineral projects in Canada and internationally. Former HDI projects in British Columbia included Mount Milligan, Kemess South and Gibraltar, all of which are porphyry copper plus or minus gold deposits that are currently producing or formerly producing mines. Recently, Amarc Resources, an HDI associated company, with financing from Freeport McMoran Inc., announced the exciting discovery of the Tier 1 AuRORA gold-copper porphyry deposit also in British Columbia. Other projects with HDI involvement include Sisson, Duke and Prosperity in Canada, Pebble and Florence in the United States, and Xietongmen in China.

Quartz is committed to the advancement of important-scale, critical and essential mining assets while following responsible mineral development principles, including a mandate to employ best-practice approaches in the engagement and involvement of local communities and meet rigorous environmental standards.

Qualified person

Farshad Shirmohammad, MSc, PGeo, a qualified person within the meaning of National Instrument 43-101 (Standards of Disclosure for Minerals Projects), who is not independent of Quartz Mountain, has reviewed and approved the scientific and technical information contained in this news release.

We seek Safe Harbor.