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QZM.V ·

Quartz Mountain Announces Appointment of Robert Dickinson as Chairman and CEO

Management Changes

QUARTZ MOUNTAIN ANNOUNCES APPOINTMENT OF ROBERT DICKINSON AS CHAIRMAN AND CEO

May 31, 2022 VANCOUVER, BC - Quartz Mountain Resources Ltd. (" Quartz Mountain " or “the

Company") (TSXV: QZM, OTC Pink: QZMRF) is pleased to announce the appointment of Robert Dickinson

as Chairman and CEO, effective May 30, 2022. Mr. Dickinson, Quartz Mountain’s largest shareholder, is

an economic geologist, Canadian Mining Hall of Fame Inductee, and co -founder and Chairman of the

Hunter Dickinson group. He has played a central role in the discovery, advancement and funding of many

important porphyry deposits. He is currently activ e with Quartz Mountain, Amarc Resources (IKE, JOY,

DUKE), Northern Dynasty Minerals (Pebble), Taseko Mines (Gibraltar, Florence), and Northcliff Resources

(Sisson).

Trevor Thomas, having resigned as Chairman, President and CEO, will remain with Quartz Mountain as a

Director and Corporate Secretary. Mr. Thomas has practiced in the areas of corporate commercial,

corporate finance, securities and mining law since 1995, both in private practice environment as well as

in-house positi ons and is currently general counsel for Hunter Dickinson Inc. prior to joining Hunter

Dickinson Inc. he served as in-house legal counsel with Placer Dome Inc.

Leonie Tomlinson, ICD.D, a Director of Quartz Mountain since 2017, has been appointed as Preside nt of

the Company. Ms. Tomlinson is a Business Executive with over 20 years of varied experience. Her practical

sensibility, empathy, and creativity along with her ability to establish governance boundaries makes her a

respected executive. Ms. Tomlinson serves as an Executive Vice President within HDI and is Chair of the

Board of the Britannia Mine Museum. She also serves on the Board of Directors of MineralsEd.

Matthew Dickinson , a Director of the Company since 2019, has been appointed as Vice President

Corporate Development . Mr. Dickinson joined Quartz Mountain to establish the C ompany’s investor

relations, digital communications and media strategy. Past roles include software consulting and

development in the manufacturing and e-commerce sectors, venture capital and marketing.

About Quartz Mountain

Quartz Mountain Resources Ltd. (TSXV: QZM.V, OTC PINK: QZMRF) is a mineral exploration company

based in Vancouver, Canada. It is focused on acquiring, exploring, developing, and transacting high-value

gold, silver, and copper projects in BC. The Company currently holds 100% of the Maestro gold-silver-

copper-molybdenum property and holds an option to acquire 100% of the Jake porphyry copper-gold

property. All Quartz Mountain p rojects are selected under key acquisition principles: easy access to

infrastructure, high potential for discovery of major resources and significant future transaction value.

Quartz Mountain is associated with Hunter Dickinson Inc. (HDI), a company with over 35-years of success,

discovering, developing, and transacting mineral projects in Canada and internationa lly. In B.C, former

HDI projects included Mount Milligan, Kemess South, and Gibraltar - all of which are copper (± gold, silver,

molybdenum) porphyry deposits with current or former producing mines. Other well-known projects with

HDI involvement include Sisson in Canada, Pebble and Florence in the United States, and Xietongmen in

China.

Quartz Mountain is committed to the advancement of critical and essential mining assets while following

HDI’s Responsible Mineral Development principles, including a mandate to employ best practice

approaches in the engagement and involvement of local communities, and meeting rigorous

environmental standards.

On behalf of the Board of Directors,

Leonie Tomlinson

President & Director

For further details, contact Matthew Dickinson, VP Corporate Development at:

T: (604) 842-2690 or within North America at 1-800-667-2114.

E: [email protected]

W: www.quartzmountainresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts

responsibility for the adequacy or accuracy of this release.

This release includes certain statements that may be deemed "forward-looking-statements". All statements in this release, other than statements of

historical facts are forward -looking-statements. Although the Company believes the expectations expressed in such forward -looking statements are based on

reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may diffe r materially from those i n the

forward-looking statements. Assumptions used by the Company to develop forward -looking statements include the following: the Company's projects will obtain all

required environmental and other permits and all land use and other licenses, studies and exploration of the Company’s projects will continue to be positive, and no

geological or technical problems will occur. Though the Company believes the expectations expressed in its forward-looking-statements are based on

reasonable assumptions, such statements are subject to future events and third party discretion such as regulatory personnel. Factors that could cause

actual results to differ materially from those in forward -looking statements include market prices, potential environmental issues or liabilities associated with

exploration, development and mining activities, exploitation and exp loration successes, continuity of mineralization, uncertainties related to the ability to obtain

necessary permits, licenses and tenure and delays due to third party opposition, changes in and the effect of government poli cies regarding mining and natural

resource exploration and exploitation, exploration and development of properties located within Aboriginal groups asserted te rritories may affect or be perceived to

affect asserted aboriginal rights and title, which may cause permitting delays or oppositio n by Aboriginal groups, continued availability of capital and financing, and

general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of futur e performance and actual results or

developments may d iffer materially from those projected in the forward -looking statements. For more information on the Company, and the risks and

uncertainties connected with its business, investors should review the Company's home jurisdiction filings as www.sedar.com and its filings with the United

States Securities and Exchange Commission.