FMN.V · 2020-07-27 12:00:00

Fidelity Minerals Announces Private Placement Financing

Financings

Vancouver, BC, July 27th, 2020 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE:

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

private placement financing (the "Financing") of up to 6,500,000 units at a price of $0.06 per unit

for total gross proceeds of up to $ 390,000. Each unit consists of one common share and a whole

warrant, with each warrant exercisable into one additional common share at $0.0 7 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.

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.