FMN.V · 2020-08-04 12:00:00

Fidelity Minerals Announces Increase of Private Placement Financing

Financings

Vancouver, BC, August 4th, 2020 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE:

MNYC) (“Fidelity Minerals” or the “Company”) is pleased to announce that it has increased its

previously announced private placement financing (see news release dated July 27, 2020) (the

"Financing") from 6,500,000 units of the Company to 7,500,000 at a price of $0.0 6 per unit for

total gross proceeds of up to $450,000. Each unit consists of one common share and a whole warrant,

with each warrant exercisable into one additional common share at $0.07 for a period of two years

after the closing date . The Company intends to use the net proceeds of the Financing for

corporate working capital purposes.

Finders' fees may be payable to eligible individuals and entities in connection with the Financing in

accordance with the policies of the TSX Venture Exchange. The private placement is subject to

approval of the TSX Venture Exchange.

About Fidelity Minerals Corp.

Fidelity Minerals Corp. is assembling a portfolio of high-quality mining assets in Peru through the

implementation of our Strategic Project Generator (SPG) model. The project generator model

involves the identification and acquisition of appraisal stage opportunities with near-term valuation

catalysts, including potential for high -impact M&A. The company is backed by an experienced

management team with diverse technical, market, and commercial expertise and is supported by

committed and sophisticated investors focused on building long term value.

On behalf of the Board of Fidelity Minerals;

Ian Graham

CEO and Director

Tel: +1.604.671.1353

Investor Contact:

Bahay Ozcakmak

Executive Chairman

Tel: +61.414.596.007

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 NEWS RELEASE.