Quinsam Opportunities I Inc. Announces Termination of Letter of Intent for Qualifying Transaction with Windward Holdings Inc. Carrying on Business as Rossiter Boats and Q3 Results

Toronto, Ontario--(Newsfile Corp. - November 3, 2015) - Quinsam Opportunities I Inc. (TSXV: QOP) ("QOP" or the "Company") today announced that it has terminated its non-binding letter of intent with Windward Holdings Inc. to complete a qualifying transaction (the "Transaction"). The Transaction was to involve the merger of the Company with Windward Holdings Inc., carrying on business as Rossiter Boats ("Rossiter").

"Market conditions were very negative after we negotiated our letter of intent in August" said Roger Dent, CEO of QOP. "While markets have stabilized, demand for new small caps stories from public investors remains anemic. The market has not provided sufficient support to close the transaction to date. However, a private investor came forward and agreed to satisfy Rossiter's financial requirements without a going public transaction. While we continue to think that Rossiter would have made an excellent public company and we are very disappointed that we will not be able to proceed with the Rossiter merger, we understand that Rossiter must act in its own best interests."

The Company's common shares are expected to resume trading shortly on the TSXV under the stock symbol "QOP.P".

Q3 Results

QOP has announced its results for the quarter ending September 30, 2015. QOP's expenses in the quarter were $31,000 including approximately $10,000 in listing fees and $15,000 in legal fees on the Rossiter transaction and other matters. There were no operations in the company's comparable year earlier period. The company's cash balance remained in excess of $500,000 at the end of the quarter and remains in excess of $500,000 today.

"We managed our expenses very carefully during the Rossiter transaction." said Roger Dent, CEO of QOP. "In current difficult markets, we knew there was a risk that the transaction could not be completed. We wanted to ensure that investors in QOP would be able to move forward largely intact."

QOP has posted its Q3 results on SEDAR.

For further information please contact:

John Lewis
(416) 523-7086
john@quinsamcapital.com

Eric Szustak
(905) 330-7948
eric@quinsamcapital.com

Roger Dent
(647) 993-5475
roger@quinsamcapital.com

CAUTIONARY STATEMENT: This news release contains "forward-looking statements" within the meaning of applicable securities laws relating to the proposal to complete the Qualifying Transaction and associated transactions, including statements regarding the terms and conditions of the Qualifying Transaction and associated transactions. Readers are cautioned not to place undue reliance on forward-looking statements. Actual results and developments may differ materially from those contemplated by these statements depending on, among other things, the risks that the parties will not proceed with the Qualifying Transaction and associated transactions, that the ultimate terms of the Qualifying Transaction and associated transactions will differ from those that currently are contemplated, and that the Qualifying Transaction and associated transactions will not be successfully completed for any reason (including the failure to obtain the required approvals or clearances from regulatory authorities). The statements in this news release are made as of the date of this release. The Corporation undertakes no obligation to comment on analyses, expectations or statements made by third parties in respect of the Corporation, Prodigy Ventures, or their respective financial or operating results or (as applicable), their securities. Neither 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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