Legal

Website Information

The facts and information provided to users in the pages of the Quartz Mountain Resources Ltd. website are for informational purposes only. Users should not rely on information on this website for any purpose other than for gaining general knowledge of Quartz Mountain Resources Ltd.

This information is not intended to be and should not be construed in any way as part of an offering or solicitation of securities. No securities commission or other regulatory authority in Canada, the United States or any other country or jurisdiction has in any way passed upon the information contained in these pages.

Forward-Looking Statements

This website includes certain statements that may be deemed "forward-looking statements" under applicable law. All statements on this website, other than statements of historical facts, are forward-looking statements, including statements that relate to exploration drilling, exploitation activities, and events or developments that the Quartz Mountain Resources Ltd. expects to occur. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks, uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include fluctuations in market prices, the conclusions of feasibility and technical analyses, lower than expected grades and quantities of mineralization and resources, continuity of mineralization, technological or mechanical problems relating to exploration or development, mining rates and recovery rates, potential environmental and other liabilities associated with exploration, development and mining activities, uncertainties related to the ability to obtain necessary environmental, land use and other permits, approvals and licenses on a timely basis and delays due to third party opposition or litigation, changes in government policies regarding natural resource exploration and exploitation, availability of financing on terms acceptable to Quartz Mountain Resources Ltd., 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 Quartz Mountain Resources Ltd. and potential factors that could affect financial results, investors should review Quartz Mountain Resources Ltd.'s continuous disclosure filings that are available at www.sedar.com.

Cautionary Note To US Investors Concerning Estimates of Reserves and Resources

This website may use the terms "measured resources," "indicated resources" and "inferred resources" which are recognized and required by Canadian regulations underNational Instrument 43-101, Standards of Disclosure for Mineral Projects("43-101"). The United States Securities and Exchange Commission (the"SEC") has adopted amendments to its disclosure rules to modernize the mineral property disclosure requirements for issuers whose securities are registered with the SEC under the U.S. Exchange Act, effective February 25,2019 ("The SEC Modernization Rules"). The SEC Modernization Rules adopt definitions of the terms and the categories of resources which are"substantially similar" to the corresponding terms under Canadian regulations in 43-101. Quartz Mountain Resources Ltd. cautions investors not to assume that all or any part of the mineral deposits in these categories will ever be converted into reserves. In addition, "inferred resources"have a great amount of uncertainty as to their existence, and economic and legal feasibility. Under Canadian rules, estimates of inferred resources may not form the basis of feasibility or pre-feasibility studies, or economic studies except for a Preliminary Economic Assessment as defined under 43-101.Investors are cautioned not to assume that all or part of an inferred resource exists, or is economically or legally mineable.

No Warranty

Although Quartz Mountain Resources Ltd. believes the facts and information contained in the pages of this website to be correct and attempts to keep this information as current as possible, Quartz Mountain Resources Ltd. does not warrant or make any representations as to the accuracy, validity or completeness of any facts or information contained in these pages.

Disclaimer

Quartz Mountain Resources Ltd. shall not be liable or responsible for any claim or damage, direct or indirect, special or consequential, incurred by the user arising out of the interpretation, reliance upon or other use of the information contained in the pages of this website.

Hyperlinks

Any hyperlinks to or from this website from or to another website is provided to the user for convenience only. No endorsement of any products or services is expressed or implied by any information, material or content referred to or included on, or linked from this website.

Trade Marks and Copyright

Certain names, graphics, logos, icons, designs, words, titles or phrases on this website may constitute trade names or trade marks of Quartz Mountain Resources Ltd. The display of any trade mark does not imply that a license of any kind to use the trade mark has been granted. All information found in the pages of this website is protected under the copyright laws of Canada and in other countries.

Unless otherwise specified, no user has permission to copy, redistribute, reproduce or republish, in any form, any information found in the pages of this website. Any user who, without authorization, re-transmits, copies or modifies any trade marks may violate federal or common law trade mark and/or copywriter law, and may be subject to legal action.

Applicable Law

Quartz Mountain Resources Ltd. does not currently offer any products or services for sale. Any matters arising from the use of this website will be governed by the laws of the Province of British Columbia and the federal laws of Canada applicable therein.

Confidentiality

Confidentiality and security of information provided over the Internet is not possible at this time. Quartz Mountain Resources Ltd. cannot ensure the privacy and authenticity of any information or correspondence shared over the Internet between it and a user, and will not be responsible for any damages or claims incurred by a user who communicates confidential information to Quartz Mountain Resources Ltd. through this website.

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