Mr. Ian Graham reports

FIDELITY MINERALS ANNOUNCES PROPOSED SHARE CONSOLIDATION

Fidelity Minerals Corp. has provided notice that it intends to complete a consolidation of its common shares on the basis of five preconsolidation common shares for one postconsolidation common share. As of the date hereof, there are 108,652,859 common shares issued and outstanding. Subject to the company receiving all required approvals, including the approval of the TSX Venture Exchange, the consolidation is expected to take effect on or about June 30, 2025. On a postconsolidation basis, the company shall have approximately 21,730,571 common shares issued and outstanding.

The directors believe the consolidation will enhance the marketability of the common shares as an investment and help to facilitate additional financings to finance future operations.

Holders of shares of the company who hold uncertificated shares (that is, shares held in book entry form and not represented by a physical share certificate), either as registered holders or beneficial owners, will have their existing book entry account(s) electronically adjusted by the company's transfer agent or, in the case of beneficial shareholders, by their brokerage firms, banks or trusts. Such holders generally do not need to take any additional actions to exchange their preconsolidation shares for postconsolidation shares. If you hold your shares with such a bank, broker or other nominee and if you have questions in this regard, you are encouraged to contact your nominee.

Registered shareholders holding share certificates will be mailed a letter of transmittal advising of the consolidation and instructing them to surrender the share certificates representing preconsolidation shares for replacement certificates or a direct registration advice representing their postconsolidation shares. Until surrendered for exchange, each share certificate formerly representing preconsolidation shares will be deemed to represent the number of whole postconsolidation shares to which the holder is entitled as a result of the consolidation.

About Fidelity Minerals Corp.

Fidelity Minerals is assembling a portfolio of high-quality mining assets in Peru and Canada, and aims to delineate major deposits on these properties that could attract the interest of mid-tier and major mining companies. The company is currently assessing its recently optioned Sunsets project in British Columbia and is also focused on progressing its most advanced project, Las Huaquillas, which is a gold, copper and silver project in northern Peru. Fidelity also owns a 25-per-cent interest in the Florina greensand project, a low chloride glauconite resource, and a potential feedstock resource into the low-chloride organic and strategic regional and global potassium fertilizer market in collaboration with Lions Bay. Fidelity is also looking to opportunistically expand its project portfolio with accretive acquisitions. 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.

We seek Safe Harbor.