FMN.V · 2019-04-24 12:00:00

Fidelity Minerals Completes Shares for Debt Transaction

Share Capital & Compensation

Vancouver, BC, April 24th, 2019 – Fidelity Minerals Corp. (TSX -V: FMN | FSE: S5GM | SSE:

MNYC) (“Fidelity Minerals” or the “Company”) announces that it has closed the shares for debt

transaction announced on April 18th, 2019 regarding a debt settlement agreement with a creditor of

the Company pursuant to which the Company has agreed to issue an aggregate of 1,333,830

common shares ("Shares") at a deemed price of $0.055 per share in order to settle certain obligations

related to the Company’s Cerro Dorado S.A.C. subsidiary in Peru tot alling USD $55,000. The

Company decided to satisfy this outstanding indebtedness with Shares in order to preserve its cash

for operations. The issuance the Shares was approved by the TSX Venture Exchange on April 22,

2019.

The Shares are subject to a statutory hold period which expires on August 26, 2019.

About Fidelity Minerals Corp.

Fidelity Minerals Corp. is an emerging gold producer focusing on unlocking value from advanced

stage mining assets in Peru. 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, now anchored by Lions Bay Capital

Inc.

On behalf of the Board of Fidelity Minerals.

Ian Graham

CEO and Director

Tel: +1.604.671.1353

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

contact:

Investor Contacts:

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 RESPONSIBI LITY FOR THE ADEQUACY OR ACCURACY OF

THIS NEWS RELEASE.

Ian Graham

CEO and Director

Tel: +1.604.671.1353