Mr. Roger Dent reports

QUINSAM ANNOUNCES Q1/2026 RESULTS

Quinsam Capital Corp. has released its Q1 (first quarter) 2026 results, with net income of $1.4-million (1.5 cents per share basic, 1.5 cents fully diluted), versus a net income of $200,000 (0.2 cent per share basic, 0.2 cent fully diluted) in Q1 2025. Investors can access the company's full financial statements on SEDAR+.

"Q1 was a positive quarter for Quinsam, with a number of our companies performing well, including EDM Resources, Saturn Oil & Gas, and Nevada Organic Phosphate," said Roger Dent, chief executive officer.

"We expect to see our investment in Peninsula Capital Corp. go public through a direct listing in Canada, with trading likely at around the end of the June quarter. This event should move over one cent per share from our private portfolio to our public portfolio. While markets remain volatile, we have seen gains in the second quarter to date, with notable increases in the share prices of EDM Resources, Nevada Organic Phosphate and Deep Sea Minerals.

"At March 31, 2026, we had net assets 11.7 cents per share outstanding," said Mr. Dent. "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. The company's 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 Q1 2026, the company did not acquire any 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 which will terminate on Sept. 18, 2026, or on an earlier date in the event that the number of common shares sought in the bid 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 Wednesday, May 20, 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 its decision making process. Generally, Quinsam does not announce the sale of investments.

We seek Safe Harbor.