Quartz Mountain Expands Maestro Project With Claim Acquisition
Quartz Mountain Expands Maestro Project With Claim Acquisition
January 16, 2026 – Vancouver, British Columbia – Quartz Mountain Resources Ltd. (TSXV: QZM, OTCQX: QZMRF)
(“Quartz” or the “Company”) is pleased to announce that it has entered into a purchase agreement with Wild West
Gold Corp. to acquire an additional mineral claim contiguous with the Company’s 100%-owned Maestro Project in
central British Columbia (“BC”). The acquisition expands Quartz’s land position at Maestro to 2,422 hectares and
further consolidates prospective mineral host rocks adjacent to the Company’s primary project area.
Bob Dickinson, Quartz’s Chairman commented, “This newly acquired claim now forms part of the Maestro project
area, where exploration activities have been underway to advance multiple priority targets . This acquisition is
strategic to Quartz and illustrate s our strong conviction in the potential of Maestro. Quartz was built with the
mission to discover and transact high -value gold-silver-copper projects that are coveted by major operators and
this expansion of Maestro contributes to that strategy. The potential for Maestro is significant and we are looking
forward to the additional drill programs and survey results coming in 2026. Our Phase 4 drill program is planned
to mobilize in early February.”
Acquisition Highlights
• The acquired claim comprises approximately 113 hectares immediately adjacent to the east of the current
Maestro property claims.
• The claim acquisition secures ground adjacent to a newly identified, multi -element soil geochemical
anomaly on the Maestro Project, providing important area protection.
• The expanded land position enhances Quartz Mountain’s ability to advance exploration across the broader
Maestro area, which hosts geological features and a mineralization age similar to the new Blackwater Mine
(Artemis Gold) near Vanderhoof.
• Recent drilling at the Maestro Property (Nov. 3, 2025) has commenced delineating the Prodigy Au-Ag-Mo-
Cu discovery, with 8,346 metres completed in 13 holes and a fully funded Phase 4 drill program is planned
to commence in February 2026.
Transaction Details
Quartz has entered into a claim purchase agreement with Wild West Gold Corp. an arms -length Canadian
exploration company, to acquire a 100% interest in a mineral claim subject to the approval of the TSX -Venture
Exchange and other customary conditions. The consideration consists of 25,000 Quartz shares upon closing of the
transaction.
About Quartz
Headquartered in Vancouver, Canada, Quartz Mountain Resources (TSXV:QZM, QTCQX:QZMRF) is a well- funded
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% of the Maestro
gold-silver project and 100% of the Jake porphyry copper -gold-silver project. Both projects are permitted by the
British Columbia government for drilling activities with access to infrastructure and high potential for the
development of substantial resources for significant future transactions.
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Quartz is associated with Hunter Dickinson Inc. (HDI), a company with over 35 years of successfully 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±gold deposits with current-
producing or former -producing mines. Recently, Amarc Resources, also an associate of HDI, which is in joint
venture with Freeport Minerals Canada Inc., announced the exciting discovery of the high grade, AuRORA gold -
copper porphyry deposit in British Columbia. Other well-known projects with HDI involvement include Sisson 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 meeting rigorous environmental standards.
About Maestro
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 (see Quartz news release March 19 th, 2024, and NI 43 -101 Technical Report and Preliminary
Economic Assessment, P&E Mining Consultants Inc., January 21st, 2011).
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 of historical drill co re and assaying for gold only 976 pulp samples derived from historical
assaying of numerous core holes 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, dis covered 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 d elineation type drilling of the new Prodigy discovery at Maestro
have been completed and announced. It is expected that further drilling at Prodigy will be consistently advanced
in multiple stages during 202 6. Mineralization remains open in multiple directions and at depth, promising
significant further potential.
About Jake
Mineralization at Jake is situated within a prominent rusty coloured gossan measuring 3.5 km long by 1.5 km wide.
The combination of extensive historical and recent exploration work has outlined a very expansive altered area at
Jake hosting epithermal and porphyry-style sulphide disseminations and veinlets containing Cu-Au-Ag-Zn-Mo and
Re. A series of modern surface exploration programs were first completed by Quartz to build on very compelling
historical data on the Property developed by legendary porphyry copper explorers, including Kennco, Canadian
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Superior, Cities Service, Placer Development and Teck Corp. Taken together this comprehensive technical database
defined a significant-scale porphyry copper-gold deposit target which Quartz tested with 3,418 meters of drilling
in seven 7 holes during 2024. This initial drill program successfully discovered a new porphyry copper-gold-silver
system, wide open to expansion. Upon discovery, Quartz acquired a 100% interest in mineral tenures over an
entire new BC porphyry copper -gold district surrounding the Jake Property. The next milestone towards a
transaction will be delineation drilling of the new Jake discovery, currently being planned to commence after
successful delineation drilling being conducted at Maestro over 2025.
Qualified Person
Farshad Shirmohammad, M.Sc., P .Geo., a “Qualified Person” within the meaning of National Instrument 43-101 –
Standards of Disclosure for Minerals Projects, who is not independent of Quartz Mountain Resources Ltd., has
reviewed and approved the scientific and technical information contained in this news release
On behalf of the Board of Directors
Robert Dickinson
Chairman
For further information, please contact:
Bob Dickinson
Email: [email protected] Ph: +1 604-684-6365
or:
Roger Blair
Email: [email protected] Ph: +1 604-351-0025
or
Jeff Wilson
E Mail: [email protected] Ph: +1 604-837-5440
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.
Cautionary Statement Regarding Forward-Looking Information.
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 differ materially from those in 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 variations in market prices, continuity of mineralization and
exploration success, and potential environmental issues or liabilities associated with exploration, development and mining
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activities, uncertainties related to the ability to obtain necessary permits, licenses and tenure and delays due to third par ty
opposition, changes in and the effect of government policies regarding mining and natural resource exploration and
exploitation, and exploration and development of properties located within Aboriginal groups asserted territories that may
affect or be perceived to affect asserted aboriginal rights and title, and which may cause permitting delays or opposition by
Aboriginal groups, c ontinued availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments
may differ 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.sedarplus.ca and its 20F filings with the United States Securities and Exchange Commission.