FMN.V · 2020-02-13 12:00:00

Fidelity Minerals Announces Shares for Debt Transaction

Share Capital & Compensation

Vancouver, BC, February 13th, 2020 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM |

SSE: MNYC) (“Fidelity Minerals” or the “Company”) is pleased to announce that it has entered

into a debt settlement agreement with a creditor of the Company pursuant to which the Company

has agreed to pay AUD $20,000 in cash and issue an aggregate of 300,000 common shares

("Shares") in order to settle certain obligations of the Company totalling AUD $100,000 (the

“Transaction”). The Com pany decided to satisfy a portion of the outstanding indebtedness with

Shares in order to preserve its cash for operations. The Transaction is subject to the approval of the

TSX Venture Exchange (the "Exchange"). The Company will issue the Shares once the Transaction

has been approved by the 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: +61.3.9236.2800

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.