Quartz Intersects Long Gold-Silver Intervals from Phase Two Drilling at Maestro Potential Significant Scale, Open-Ended Mineralization is Indicated

Phase Three Drilling About to Commence

VANCOUVER, BC / ACCESS Newswire / June 24, 2025 / Quartz Mountain Resources Ltd. (TSXV:QZM)(OTC PINK:QZMRF) ("Quartz" or the "Company") is pleased to announce assay results from four core holes that comprise the Phase Two drill program completed at the Prodigy gold-silver discovery on its Maestro Property in Central British Columbia. All four holes, PR25-03 through PR25-06, returned broad intervals of precious and base metals mineralization, starting from a shallow depth. The results represent a successful follow-up to previously announced discovery drilling and the initial start to delineation of a substantial new epithermal Au-Ag system at Maestro. Drill intersections indicate strong potential for both bulk tonnage and high-grade mineralization. The Prodigy Au-Ag system remains open in all directions promising significant upside and expansion potential. Phase Three drilling is now mobilizing to site to continue the systematic delineation of Prodigy.

Assay results from Quartz's four, Phase Two core holes and the earlier completed two, Phase One core holes (PR23-01 and PR23-02) are listed in Table 1 below. For completeness, results from six historical core holes drilled in the period 2007-2011 by a past operator in the Prodigy area are listed in Table 2. All these holes have intersected Au-Ag veins occurring within a bulk tonnage-epithermal-style, disseminated Au-Ag system hosted within Mo-Cu porphyry mineralization (see Figure 1 and Figure 2, Prodigy "Eye" Drill Hole Plan Map). Table 3 lists results from four historical holes located east of Prodigy which clearly intersected a major molybdenum-copper porphyry system which is separate and distinct from the adjacent Prodigy epithermal Au-Ag discovery.

Bob Dickinson, Chairman of Quartz said "One of the things that excites us most is Maestro shares a promising geological environment with the Blackwater Gold Mine which Artemis Gold Inc., recently placed into production. This geological connection strengthens our belief in Maestro's significant potential and inspires our ongoing 2025, multi-stage delineation drill programs. At Prodigy, large volumes of multiple styles of brecciation have undergone extensive rock alteration and quartz-ankerite veining. Rock alteration, predominantly green sericite, which is associated with Au-Ag mineralization, has created a significant magnetic low due to the destruction of magnetite within the altered and mineralized area. This prominent magnetic low has an "Eye" shaped geometry measuring 525 m long by 225 m wide and indicates a substantial mineral system to be drill delineated. With $3,600,000 of funds on hand, Phase Three drilling at Prodigy is about to commence and is designed to support Quartz's strategy of developing high value, high demand projects with significant transaction potential."

The Maestro property completely covers the large Lone Pine molybdenum deposit and Quartz's targeted, and potentially related, epithermal precious metal systems that occur up to several kilometres outboard of Lone Pine. Currently, the Company's phased drill programs are focused on delineation drilling of the Prodigy Au-Ag discovery, one of several exciting precious metal deposit targets on the Maestro Property. The four, Phase Two holes, totalling totally 3,255 meters, were drilled westerly at angles of 60° to 73° across the southern end of the "Eye". Au-Ag mineralization in multiple zones was cut by these holes from near surface, laterally for approximately 325 meters and to vertical depths of over 650 meters.

Quartz Phase One and Phase Two Prodigy "Eye" Assay Results^A