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FTZ.V ·

Fitzroy Minerals Announces Management Changes

Management Changes

Fitzroy Minerals Announces Management Changes

Vancouver, British Columbia February 14, 2024 – Fitzroy Minerals Inc. (TSXV: FTZ)

(OTCQB: FTZFF) (“ Fitzroy Minerals ” or the “ Company ”) is pleased to announce that it has

appointed Merlin Marr-Johnson, as President and CEO , in a move from his current role as Chief

Operating Officer. Sean Hurd, formerly President an d CEO, Director moves to Corporate

Development and remains a key member of our team.

“I am very pleased that Merlin has accepted the position of President and CEO of Fitzroy Minerals.

As the Company has made significant inroads into Chile with the addition of the Caballos copper

and the Polimet gold-copper projects, Merlin’s experience in Chile and in South America is a great

asset to Fitzroy shareholders”, stated Sean Hurd.

Mr. Marr-Johnson has over 25 years of experience in the resources sector in technical, corporate,

and capital markets roles. Merlin holds an honors degree in geology from Manchester University

and a Master’s Degree in Mineral Deposit Evaluation from the Royal School of Mines, Imperial

College. He speaks several languages, including Spanish. He is currently a non-executive director

of Salazar Resources Ltd (TSXV).

About Fitzroy Minerals

Fitzroy Minerals is focused on exploring and develo ping mineral assets with substantial upside

potential in the Americas. The Company’s current property portfolio includes the Caballos Copper

and Polimet Gold-Copper-Silver projects located in Valparaiso, Chile and the Taquetren gold

project located in Rio Negro, Argentina, as well as the Cariboo project in British Columbia,

Canada. Fitzroy Minerals’ shares are listed on the TSX Venture Exchange under the symbol FTZ

and on the OTCQB under the symbol FTZFF.

On behalf of Fitzroy Minerals Inc.

Merlin Marr-Johnson

President & CEO

For further information, please contact:

Merlin Marr-Johnson

[email protected]

+1 604-505-4554

For more information on Fitzroy Minerals, please visit the Company's website.

www.fitzroyminerals.com

This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the

securities in the United States. The securities hav e not been and will not be registered under the

United States Securities Act of 1933, as amended, o r any state securities laws and may not be

offered or sold within the United States or to or f or the account or benefit of a U.S. person (as

defined in Regulation S under the United States Sec urities Act) unless registered under the U.S.

Securities Act and applicable state securities laws or an exemption from such registration is

available.

Neither Exchange nor its Regulation Services Provid er (as that term is defined in the policies of

the Exchange) accepts responsibility for the adequacy or accuracy of this release.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION:

This news release includes certain "forward-looking statements" which are not comprised of

historical facts. Forward looking statements includ e estimates and statements that describe the

Company’s future plans, objectives or goals, includ ing words to the effect that the Company or

management expects a stated condition or result to occur. Forward-looking statements may be

identified by such terms as “believes”, “anticipate s”, “expects”, “estimates”, “may”, “could”,

“would”, “will”, or “plan”. Since forward-looking s tatements are based on assumptions and

address future events and conditions, by their very nature they involve inherent risks and

uncertainties. Although these statements are based on information currently available to the

Company, the Company provides no assurance that act ual results will meet management’s

expectations. Risks, uncertainties and other factor s involved with forward-looking information

could cause actual events, results, performance, pr ospects and opportunities to differ materially

from those expressed or implied by such forward-loo king information. Forward looking

information in this news release includes, but is not limited to, the Company’s objectives, goals or

future plans, statements, exploration results, pote ntial mineralization, the estimation of mineral

resources, exploration and mine development plans, timing of the commencement of operations,

estimates of market conditions, and payment of find er’s fees. Factors that could cause actual

results to differ materially from such forward-look ing information include, but are not limited to

failure to identify mineral resources, failure to c onvert estimated mineral resources to reserves,

delays in obtaining or failures to obtain required governmental, environmental or other project

approvals, delays in obtaining or failures to obtai n regulatory approvals, including the approval

of the Exchange for the acquisition of each of the Polimet Option and the Caballos Option, and

the finder’s fee associated therewith, political ri sks, uncertainties relating to the availability and

costs of financing needed in the future, changes in equity markets, inflation, changes in exchange

rates, fluctuations in commodity prices, delays in the development of projects, capital and

operating costs varying significantly from estimate s, and the other risks involved in the mineral

exploration and development industry. Although the Company believes that the assumptions and

factors used in preparing the forward-looking infor mation in this news release are reasonable,

undue reliance should not be placed on such information, which only applies as of the date of this

news release, and no assurance can be given that su ch events will occur in the disclosed time

frames or at all. The Company disclaims any intenti on or obligation to update or revise any

forward-looking information, whether as a result of new information, future events or otherwise,

other than as required by law.