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Quartz Mountain Announces New Director And Chairman

VANCOUVER, Nov. 22, 2012 /PRNewswire/ - 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.

Scott Cousens is a mining executive who has over 20 years of industry experience. His focus over the years has been on the development of relationships within the international investment community. Through substantial financings and subsequent corporate success, he has established strong ties with North American, European and Middle Eastern investors. Mr. Cousens is also the Director of Capital Finance for Hunter Dickinson Inc. (HDI) where he directs financing and investor relations for a number of publicly traded companies associated with HDI.

" The nomination of Scott Cousens as a Director and as Chairman will add a high level of expertise to Quartz Mountain's Board. His in-depth knowledge and significant experience, particularly in capital finance, will be great assets as we advance our BC-based projects", said Ron Thiessen, President and CEO. " Furthermore, I would like to take this opportunity on behalf of the Board to thank Bob Dickinson for his leadership during his tenure as Chairman of the Board."

About Quartz Mountain Resources Ltd.

Quartz Mountain Resources Ltd. is a Vancouver-based exploration company focused on making a major new deposit discovery in British Columbia. Quartz Mountain is associated with Hunter Dickinson Inc. (HDI), a diversified, global mining group with more than 25 years of mineral development success.

On behalf of the Board of Directors Ron Thiessen President and CEO

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.

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