FMN.V · 2019-12-04 12:00:00

Fidelity Minerals Corp. Completes Oversubscribed Private Placement

Financings

Vancouver, BC, December 20 th, 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 non-brokered private placement (the “Private Placement”), previously announced in its News

Release dated December 4, 2019. The Private Placement was oversubscribed, and the Company

issued 5,000,000 units (each, a “Unit”) at $0.05 per Unit for gross proceed s of $ 250,000. 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

two (2) year s following the closing date. The Private Placement is subject to final TSX -V

approval.

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 op portunities 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: +61.414.596.007 (Australia)

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.