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Quartz Mountain Resources Ltd. 
Listed Company 

QUARTZ MOUNTAIN RESOURCES LTD. ("QZM")
BULLETIN TYPE: Property-Asset or Share Purchase Amending Agreement
BULLETIN DATE: November 14, 2014
TSX Venture Tier 2 Company

TSX Venture Exchange has accepted for filing documentation relating to an amendment agreement dated October 1, 2014 between the Company and Bearclaw Capital Corporation ("Bearclaw"), as announced in the news release dated October 10, 2014, whereby the Mineral Property Purchase Agreement accepted by the Exchange on August 22, 2012 and amended on July 4, 2013 has been further amended, as to the debenture, as follows:

a) remove the maturity date,
b) provide for annual repayment installments,
c) provide for payment of $50,000 by the Company to Bearclaw on or before October 8, 2014,
d) reduce the rate of interest to 7.5%,
e) change the conversion price and provisions to automatically convert 50% of the outstanding principle in the event of minimum equity investment,
f) prepayment by the Company without penalty
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