Fidelity Minerals Provides Corporate Update
Fidelity Minerals Provides Corporate Update
• Indicative Timeline for Valuation Catalysts
• Updated Corporate Presentation
• Ongoing Business Development
• MD&A and Financial Statements
Vancouver, BC, Aril 1st , 2019 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE:
MNYC) (“Fidelity Minerals” or the “ Company”) is pleased to provide the following corporate
update.
Indicative Timeline for Valuation Catalysts
The Company has committed to an accelerated timeline to advance key project initiatives towards
important milestones which the Company expects will represent material valuation catalysts.
Indicative Timeline
Overview of near-term valuation catalysts. Certain items are subject to third -party approvals, consents and/or funding and are subject to
change.
COD: Commercial Operation Date, FID: Final Investment Decision.
* - Represents projects and or interests that remain incomplete. Refer to Fidelity Minerals Corporate Update (13 March
2019) for additional details.
Updated Corporate Presentation
An updated Fidelity Minerals Corporate Presentation (1 Apr 2019) was released earlier today. The
updated presentation provides details on:
▪ Updated project related information.
▪ Details about the Strategic Project Generator model developed by the Company.
▪ The indicative timeline for valuation catalysts.
▪ The latest corporate presentation can be downloaded from:
o https://www.fidelityminerals.com/corporate-presentation
Ongoing Business Development
Whilst Company remains focused on advancing its existing portfolio of projects in Peru, the
Company is also actively negotiating the acquisition of additional high-potential projects in Peru on
a 100% basis, which would provide the Company with greater operational control and the flexibility
of farming-out these projects at the appropriate time. Recent project-level transactions in both Peru
and neighbouring Ecuador provide further evidence that high quality projects in the Northern
Andean Copper Belt continue to deliver excellent transaction -based outc omes. Through the
Strategic Project Generator model, the Company is positioning itself to be a beneficiary in this
increased appetite for prospective projects in this region.
Financial Statements and MD&A
The Company announces the filing of its quarterly financial statements and management's
discussion and analysis for the period ended January 31, 2019.
Increased Insider Purchasing
Lions Bay Capital Inc. (TSXV: LBI) acquired ownership of an additional 2,100,000 common shares
of the Company by exercising 2,000,000 warrants at an exercise price of $0.06 per warrant for
aggregate consideration of $120,000 and purchasing 100,000 common shares in the open market at
a price of $0.065.
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
Email: [email protected]
Investor Contacts:
Bahay Ozcakmak
Executive Chairman
Tel: +61.3.9236.2800
Email: [email protected]
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.
Disclaimer & Forward Looking Statements: This news release contains forward -looking
statements. Forward -looking statements are statements that relate to future events or future
financial performance. In some cases, you can identify forw ard-looking statements by the use of
terminology such as “may”, “should”, “intend”, “expect”, “plan”, “anticipate”, “believe”,
“estimate”, “project”, “predict”, “potential”, or “continue” or the negative of these terms or other
comparable terminology. These statements speak only as of the date of this news release. This news
release may also contain inferences to future oriented financial information (“FOFI”) within the
meaning of applicable securities laws. The information in this news release has been pre pared by
our management to provide a context for the project acquisition and to provide the reader with an
outlook for our future activities and anticipated key projects and may not be appropriate for other
purposes. Forward -looking statements in this anno uncement include, (but are not limited to)
advancing certain key project initiatives that could represent important milestones which the
Company expects will represent material valuation catalysts, and that the Company is also actively
negotiating the acquisition of additional high-potential projects in Peru on a 100% basis (and which
projects would provide the Company with greater operational control and the flexibility of farming-
out these projects at the appropriate time), and that the Company believes that recent project-level
transactions in both Peru and neighbouring Ecuador provide s evidence that high quality projects
in the Northern Andean Copper Belt could deliver excellent potential transaction-based outcomes
for the Company, and that t hrough the Strategic Project Generator model the Company is
positioning itself to be a beneficiary in this environment of increased appetite for prospective
projects in this region.