QUARTZ DRILLING INTERSECTS 123 m of 0.79 g/t AuEQ AND 315 m of 0.73 g/t AuEQ DISCOVERING GOLD-RICH PORPHYRY SYSTEM AND SIGNIFICANTLY EXPANDING PRODIGY MINERALIZATION Unique Au-Rich Porphyry Discovery is Closely Integrated with Epithermal Au-Ag-Mo-Cu
QUARTZ DRILLING INTERSECTS 123 m of 0.79 g/t AuEQ AND 315 m of 0.73 g/t AuEQ DISCOVERING
GOLD-RICH PORPHYRY SYSTEM AND SIGNIFICANTLY EXPANDING PRODIGY MINERALIZATION
Unique Au-Rich Porphyry Discovery is Closely Integrated with Epithermal Au-Ag-Mo-Cu
System at Maestro Project, British Columbia
November 03, 2025 – Vancouver, British Columbia - Quartz Mountain Resources Ltd. (TSXV: QZM, OTC Pink: QZMRF)
("Quartz" or the "Company") is pleased to announce assay results from the Phase 3 drill program conducted on its Maestro
property located 15 km north of Houston, British Columbia ("BC"). Quartz is targeting exciting precious metal mineral
systems that occur up to several kilometers outboard of the large Lone Pine molybdenum deposit, all within the
extensive Maestro Property. The Company's phased drill programs are currently focused on delineation drilling of its
Prodigy Au -Ag-Mo-Cu discovery . The Phase 3 drilling program was completed during June thr ough August, 2025 and
comprised seven holes (PR25 -07 through PR25-13) totalling 3,885 meters. Quartz's sequential drill programs (Phases 1
through 3) at Prodigy now total 8,346 meters across 13 holes (PR23 -01 through PR25-13). This drilling has intersected
three distinct types of mineralization which are closely integrated . They are Porphyry Au, Porphyry Cu-Mo or Mo-Cu
and Epithermal Au-Ag-Mo-Cu. Quartz p lans to mobilize Phase 4 drilling in early February, 2026 to continue further
systematic delineation of Prodigy, and has a treasury of $2.6 million on hand.
Diamond drill hole PR25-13, the last hole of Phase 3, was drilled to test the west side of a northwest trending magnetic
low feature referred to as the Prodigy "EYE" created by pervasive hydrothermal rock alteration and mineralization (see Figure 1). It
intersected broad intervals of Au -Ag-Mo-Cu mineralized quartz -ankerite veins and breccia bodies from shallow depths
representing a high to intermediate sulfidation epithermal mineral system. Below this Epithermal Au-Ag-Mo-Cu system
the hole cut a newly discovered Porphyry Au mineral system continuously over some 340 meters. Highlight intervals from
hole PR25-13 included:
From 122 m Downhole Depth:
• 123 m grading 0.23 g/t Au, 32 g/t Ag, 0.012% Mo and 0.07% Cu (0.79 g/t AuEQ)
Including 45 m grading 0.26 g/t Au, 44 g/t Ag, 0.008% Mo and 0.08% Cu (0.96 g/t AuEQ*)
From 369 m Downhole Depth:
• 315 m grading 0.39 g/t Au, 14 g/t Ag, 0.018% Mo and 0.04% Cu (0.73 g/t AuEQ)
Including 93 m grading 0.54 g/t Au, 9 g/t Ag, 0.050% Mo and 0.03% Cu (1.00 g/t AuEQ)
*For AuEQ see notes to Tables.
Bob Dickinson, Chairman of Quartz commented, “Prodigy is a very exciting precious metal discovery. Over three sequential
phases our drilling has produced impressive results and geological knowledge. We have intersected three classic but
integrated mineral deposit types; extensive epithermal gold and silver mineralization, a new porphyry gold discovery and
porphyry copper -molybdenum mineralization . Adding to the potential is our age dating of Prodigy gold -silver
mineralization compares favorably to the age of the mineralizing event at BC’s new Blackwater Gold Mine. We have funding
in hand to start further drilling as soon as we can in early 2026”, he concluded.
Assay results from Quartz's seven, Phase 3 core holes are listed in Table 1 and the earlier completed and previously
announced Phase 1 core holes and Phase 2 core holes are listed in Table 2. For completeness, results from six
historical core holes drilled in the period 2007-2011 by a past operator in the "EYE" area are listed in Table 3.
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All these holes have intersected Epithermal Au-Ag-Mo-Cu mineralization hosted within earlier deposited Porphyry
Mo-Cu mineralization (see Figure 2). In addition, a number of these holes have intersected pervasively altered
intrusive rock (quartz monzonite) enriched in gold and classified as Porphyry Au mineralization. Also listed in Table 4 are
results from four historical holes located outside to the east of the Prodigy "EYE". These holes intersected a major
Porphyry Mo-Cu system which is distinct from the adjacent Prodigy Epithermal Au-Ag-Mo-Cu discovery and Porphyry
Au mineralization. Notably, drill holes located at the northeast portion of the "EYE" show increasing copper grades
indicating the potential for a Cu dominant porphyry located northeast of the "EYE" (see Figures 2, 5, and 6). The holes
with anomalously increasing Cu grades are listed in Table 5.
Figure 1: Magnetic Plan Map of Maestro Property Showing Magnetic Low Described as the Prodigy “EYE”.
Three distinct types of mineralization have been intersected at Prodigy (See Figures 2, 3, 4, 5, 6, 7 and 8).
1. Porphyry Au Mineralization
An intrusive body (quartz monzonite) at depth, along with the surrounding volcanic rocks (andesite) host a distinct
style of mineralization characterized by pervasive green sericite alteration enriched in gold. Much of the gold
mineralization is associated with pyrite rich zones, either as disseminated mineralization or massive, vein-type pyrite.
The disseminated pyrite and pyrite-rich zones within and around the quartz monzonite are classified as Porphyry Au
mineralization.
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2. Porphyry Mo-Cu (Mo dominant) and Cu-Mo (Cu dominant) Mineralization
The quartz monzonite and the overlying volcanic rocks are affected by strong K-feldspar and biotite alteration,
respectively. Both host rocks are cut by quartz Mo-Cu veins. This early porphyry-type Mo-Cu mineralization has been
intersected in several drill holes located on the east and northeast of the "EYE" . Notably, drilling has identified
increasing Cu grades to the northeast, indicating a potential Porphyry Cu -Mo deposit target located northeast of the
Prodigy "EYE" (see Table 5 and Figures 2, 5 and 6). Hole BD-11-70 intersected 151 m grading 0.12% Cu and 0.04% Mo,
hole BD-11-68 intersected 107 m grading 0.10% Cu and 0.08% Mo, hole PR25 -10 intersected 92 m grading 0.11% Cu
and 0.04% Mo, and hole PR25-11 intersected 90 m of 0.16% Cu and 0.04% Mo.
3. Epithermal Au-Ag-Mo-Cu Mineralization
The early porphyry Mo -Cu mineralization is cut and overprinted by a stockwork of quartz -ankerite veins and vein
breccias containing molybdenite, tetrahedrite, chalcopyrite, pyrite, and locally sphalerite and galena assemblages
typical of high -to intermediate Au-Ag sulfidation systems developed above porphyry deposits. Breccia bodies occur
within the quartz -ankerite vein zone and are associated with intense green sericite alteration. This alteration has
destroyed mafic minerals and magnetite, producing the observed low magnetic “EYE” anomaly.
The vein and breccia system hosting the high to intermediate Au-Ag sulfidation mineralization forms an elongated body
trending northwest with a funnel shape to depth. Drilling to date has indicated this mineral body is approximately 50-
200 m wide, 400 m deep, and 300 m long. It is wide open to the north, south and west.
Figure 2. Prodigy “EYE” Drill Hole Plan Map Showing Drill Hole Traces and AuEQ Estimates.
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Figure 3. Section 1 Looking Northeasterly – Distribution of AuEQ Estimates.
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Figure 4. Section 2 Looking Northwesterly – Distribution of AuEQ Estimates.
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Figure 5. Cross Section 2 Looking Northwesterly – Distribution of Cu Mineralization.
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Figure 6. Section 2 Looking Northwesterly – Distribution of Mo Mineralization.
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Figure 7. Representative Prodigy Rock and Mineral Samples.
PR25-08 at 165 m - Andesite with green sericite alteration cut by high-sulfidation type quartz-ankerite veins with coarse
tetrahedrite, pyrite, and chalcopyrite. This sample represents Epithermal Au-Ag mineralization, starting at shallow depths,
and grades 0.29 g/t Au and 229 g/t Ag (from a 3 m sample interval).
PR25-03 at 584 m - Quartz monzonite with remnants of pink K -feldspar overprinted by strong pervasive coarse green
sericite alteration with disseminated pyrite and trace tetrahedrite, cut by quartz-ankerite vein with massive coarse pyrite.
This sample represents Porphyry Au mineralization and grades 0.64 g/t Au and 84 g/t Ag (from a 2 m sample interval).
PR25-05 at 623 m - Quartz-monzonite with K -silicate alteration, overprinted by green sericite, and cut by quart z-pyrite
veins. This sample represents gold-rich porphyry mineralization and grades 0.92 g/t Au and 6 g/t Ag (from a 2.8 m sample
interval).
Abbreviations: py=pyrite, cp=chalcopyrite, tet=tetrahedrite, qtz=quartz, ank=ankerite, Kspar=K -feldspar, bio=biotite,
ser=sericite.