Mr. Roger Dent reports

QUINSAM REPORTS Q4/2025 RESULTS

Quinsam Capital Corp. has released its Q4 (fourth quarter) 2025 results, with a net income of $400,000 (one cent per share basic, one cent fully diluted), versus a net loss of $4.3-million (four cents per share basic, one cent fully diluted) in Q4 2024. Investors can access the company's full financial statements on SEDAR+.

"Q4 was a positive quarter for Quinsam, with a number of our companies performing well, including Blumetric and Royalties Inc." said Roger Dent, chief executive officer. "While Blumetric declined in Q1 2026, other investments did well in Q1 2026 including Nevada Organic Phosphate, EDM Resources, Cematrix, Saturn Oil & Gas, and Newlox. Accordingly, we expect to see a NAV increase in Q1 2026."

Quinsam made a number of new investments in recent months. The company acquired 250,000 shares of Deep Sea Minerals in its recent 40-cent private placement. It acquired positions in Bon Intelligence, Longview Gold, Blackcomb Silver and Ubercrete Advance Materials, all of which plan to list in the coming months. Quinsam also acquired more shares of Peninsula Capital as it prepares to list in the coming months. The company exited its entire position in Saturn Oil & Gas.

"At Dec. 31, 2025, we had net assets of over 10 cents per share outstanding," said Roger Dent, chief executive officer. "Our shares continue to trade at a very steep discount from NAV. We also note that the total of our more liquid investments (including cash, public equities and derivatives on public equities) is approximately six cents per share."

The search for a value creating transaction continues. The company anticipates that it may take some time to find a suitable, value-creating transaction. Its plan is to patiently wait for a high-quality transaction. Further announcements will be made on the status of such steps, which are subject to all applicable shareholder and regulatory approvals.

Issuer bid

In Q4 2025, the company acquired no shares pursuant to its normal course issuer bid (NCIB) to purchase up to 4.5 million of its common shares that commenced on Sept. 19, 2025, and will terminate on Sept. 18, 2026, or on an earlier date in the event that the number of common shares sought in the NCIB has been repurchased. Total purchases pursuant to this NCIB are nil shares.

Quinsam has repurchased and cancelled over 20 million shares since 2018 pursuant to its issuer bids.

Investor call

An investor call will be held at 10 a.m. Eastern Time on Tuesday, April 28, 2026, by Zoom.

About Quinsam Capital Corp.

Quinsam is a merchant bank with a focus on small-cap investments that it believes are undervalued. The company does not invest on behalf of third parties or offer investment advice.

Generally, Quinsam does not believe that individual investments are material events. Quinsam may choose to announce certain investments once the company has finished buying its position because it feels that this information helps investors understand the company's decision making process. Generally, Quinsam does not announce the sale of any investments.

We seek Safe Harbor.