Quartz Mountain Resources Ltd. announced the Company has agreed under two separate transactions, to purchase a 100% interest in each of the Lone Pine Claim and the North Claim (the "Acquisitions"). These two mineral claims total 169 hectares and are located within the Company's 100%-owned Maestro Property located 15km north of the town of Houston, British Columbia. Consolidation of the 2,309 -hectare Maestro Project area allows continuous, through-going access to explore the potential for multiple overlapping precious and base metal systems in their entirety.

As such, they add significant value to the Company's strategic plan to develop and transact the Maestro Project. In December 2023, Quartz completed 1,445 meters of diamond drilling in two holes at the Prodigy Au-Ag-Mo-Cu epithermal target approximately 1km north of the Lone Pine porphyry deposit. In addition, Quartz also completed surface and downhole geophysical surveys over the newly drilled area immediately after completion of its two drill holes.

Results from the 482 core samples collected during that drill program are being processed and expected to be announced within the next three weeks. The Lone Pine mineral claim was purchased from Eagle Plains Resources Ltd., an arms-length vendor, for 750,000 common shares of the Company and a 2% NSR royalty, of which 1.5% can be purchased at any time by payment of $5 million. The shares are subject to a 24-month contractual resale restriction and a further right for the Company to arrange purchasers of the shares in the case of resales after that period.

The Lone Pine transaction is subject to customary TSX Venture Exchange acceptance and closing conditions. The North mineral claim was purchased from Shawn Merkley, an arms-length vendor, for $24,000, 45,000 common shares of the Company, and a 2% NSR royalty which can be purchased at any time by a payment of $2 million. The cash and common shares will be paid in three equal installments ($8,000 and 15,000 common shares) over two years with the first installment due upon closing.

The North transaction is subject to customary TSX Venture Exchange acceptance and closing conditions. Historical Resource Estimate at Lone Pine Claim1 Drilling of some 24,300 meters was completed historically in 49 holes at the porphyry molybdenum deposit on the Lone Pine claim by previous owners. A historical estimate of the mineral resources was also done and comprises Measured and Indicated Resources (M+I) of 110Mt grading 0.083% Mo, and Inferred Resources of 25.8Mt grading 0.088% Mo at a 0.04% Mo cut-off described in NI-43-101 Technical Report, effective date of January 21, 2011, by P & E Mining Consultants Inc. for Bard Ventures Ltd.