FMN.V · 2019-02-22 12:00:00

Fidelity Minerals Corp. Completes Oversubscribed Private Placement

Financings

Vancouver, BC, February 22nd, 2019 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM |

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

the second and final tranche of the non-brokered private placement (the “Private Placement”),

previously announced in its News Release s dated January 28 , 201 9 and February 4, 2019. The

Private Placement was oversubscribed, and for the second tranche the Company issued 8,927,800

units (each, a “Unit”) at $0.05 per Unit for gros s proceeds of $446,390. To date the Company has

issued, including the first tranche that closed on February 4, 2019, a total of 15,727,800 units at

$0.05 per Unit for gross proceeds of $ 786,390. Each Unit consists of one common share (each, a

“Share”) and one transferable share purchase warrant (each, a “Warrant”) with each Warrant

exercisable into one additional Share at $0.06 per Share for one (1) year following the closing

date.

In connection with the Private Placement, the Company paid a total of $27,800 in finders’ fees and

issued 540 ,000 broker warrants (the “Broker Warrants”) with each Broker Warrant exercisable

into one additional Share at $0.06 per Share for one (1) year following the closing date. The

Company intends to use the net proceeds from the Private Placement for working capital and

general corporate purposes.

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 Montan.

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:

Luis F. Zapata

Executive Chairman

Tel: +1.604.358.1382

Tel: +51.999.968.827 (Peru)

Bahay Ozcakmak

Director

Tel: +61.3.9236.2800

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PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE

EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY O R ACCURACY OF

THIS NEWS RELEASE.