FMN.V · 2020-02-26 12:00:00

Fidelity Minerals Completes Shares for Debt Transaction

Share Capital & Compensation

Vancouver, BC, February 26th, 2020 – 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 February 13th, 2020 regarding 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 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 February 25, 2020.

The Shares are subject to a statutory hold period which expires on June 27, 2020.

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.