FMN.V · 2021-03-22 12:00:00

Fidelity Minerals Announces Private Placement Financing

Financings

Vancouver, BC, March 22nd, 2021 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE: MNYC)

(“Fidelity Minerals” or the “Company”) is pleased to announce that it has arranged a non-brokered private

placement financing (the "Financing") of up to 4,800,000 units at a price of C$0.125 per unit for total gross

proceeds of up to C$600,000. Each unit consists of one common share and a whole warrant, with each warrant

exercisable into one additional common share at C$0.15 for a period of two years after the closing date. Red

Cloud Securities Inc. will be acting as finder for the Company under the Offering.

The Company intends to use the net proceeds of the Financing to advance its Peruvian exploration and

community relation programs . Proceed s will also support commercial negotiations intended to increase

ownership at its Las Huaquillas Project, and corporate working capital purposes.

The Financing is scheduled to close on or about April 6, 2021, and is subject to certain conditions including,

but not limited to, the receipt of all necessary approvals including the approval of the TSX Venture Exchange.

The common shares to be issued under the Financing will have a hold period of four months and o ne day

from the closing.

The securities described herein have not been, and will not be, registered under the United States Securities

Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not

be offered or sold within the United States except in compliance with the registration requirements of the

U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This

press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.

About Fidelity Minerals Corp.

Fidelity Minerals Corp. is assembling and advancing 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 c atalysts,

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.

Dean Pekeski

CEO, President and Director

Tel: +1.778.828.9724

For more information, please visit the corporate website at http://www.fidelityminerals.com or contact:

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.