2012 News


Quartz Mountain Arranges $641,000 Non-Brokered Financing

12/28/2012

December 28, 2012, Vancouver, BC -- Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V: QZM; OTC: QZMRF) announces that it has arranged a non-brokered private placement (the "Offering"), comprised of 1,752,409 flow-through common shares at a price of $0.30 per share, and 461,914 non flow-through common shares at a price of $0.25 per share, for gross proceeds of $641,201. A finder''s fee is payable on a portion of the Offering.

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Quartz Mountain Successfully Closes Letter Agreement On The Galaxie And ZNT Projects In BC Galaxie Drilling Underway

12/11/2012

December 11, 2012, Vancouver, BC - Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V: QZM; OTC: QZMRF) is pleased to announce that the letter agreement with Amarc Resources Ltd. ("Amarc") described in the Company''s November 7, 2012 News Release has become unconditional, binding and effective. Under the agreement, Amarc can acquire up to a 50% ownership interest in Quartz Mountain''s 100% owned Galaxie and ZNT Projects (the "Projects") in British Columbia ("BC") upon making a cash payment to Quartz Mountain and funding exploration expenditures in relation to the Projects.

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Quartz Mountain Announces New Director And Chairman

11/22/2012

November 22, 2012, Vancouver, BC -- Quartz Mountain Resources Ltd. ("Quartz Mountain" or the "Company") (TSX-V: QZM; OTC: QZMRF) announces that Scott Cousens has been appointed to the Company''s Board of Directors, effective immediately. Mr. Cousens has also been appointed as Chairman of the Board, replacing Robert Dickinson who is stepping down as Chairman but who will remain on the Board as a director.

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Quartz Mountain Assembles Bulk Tonnage Copper-Gold Project Acquires Galaxie Project & Hotailah Slope Property In Northern BC

7/30/2012

July 30, 2012, Vancouver, BC -- Quartz Mountain Resources Ltd. ("Quartz Mountain") (TSX-V: QZM; OTCBB: QZMRF) announces that it has acquired a 100% interest in the Galaxie Project from Finsbury Exploration Ltd ("Finsbury") through a sale agreement (the "Sale Agreement") dated as of July 27, 2012. In a separate agreement, Quartz Mountain has also acquired a 100% interest in the Hotailah Slope Mineral Claims that lie immediately adjacent and to the south of the Galaxie Project.

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The geological and technical information on this website has been reviewed and approved by Farshad Shirmohammad, P.Geo., a Qualified Person, as defined by National Instrument 43-101, who is not independent of Quartz Mountain Resources Ltd.

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