Quartz drills 164 m of 0.72 g/t AuEQ at Phase 4

Results Successfully Expand the Prodigy Gold-Silver Discovery at the Maestro Project and Samples from Property-Wide Historical Drill Core Return Significant Gold Values VANCOUVER, BC / ACCESS Newswire / July 7, 2026 / Quartz Mountain Resources Ltd. (TSXV:QZM)(OTCQX:QZMRF) ("Quartz" or the "Company") is pleased to announce assay results from the Phase 4 core drilling program at its 100%-owned Maestro Project in central British Columbia. The results continue to expand the open-ended Prodigy gold-silver discovery and confirm four related mineralization styles (near-surface epithermal gold-silver-molybdenum mineralization, high grade epithermal gold-silver veins, an underlying porphyry gold system and porphyry molybdenum (±copper) deposits. The potential of the Maestro Project is further enhanced by age dating of Prodigy's gold-silver mineralization which compares to the age of the mineralizing event associated with BC's new Blackwater Gold-Silver Mine located near Vanderhoof to the south (see Quartz News Release dated November 03, 2025).

A The Company's immediate priority is the continued delineation and expansion of the high-potential Prodigy near-surface epithermal gold-silver discovery. Building on the strong drill results and geological insights gained from Phases 1 through 4 drill programs, Phase 5 drilling is planned to mobilize in September 2026, as rigs become available. With a working capital position of $2.6 million and a British Columbia drill permit already in hand covering 37 additional drill sites, Quartz is well positioned to continue unlocking the important potential of the new Prodigy gold-silver discovery.

The Phase 4 program comprised eight drill holes (26-14 through 26-21) totaling 4,366 metres. Five scout holes tested targets up to 500 metres east of the Prodigy discovery, while three scout holes were