Mr. Ryan Batros reports

FIDELITY MINERALS ANNOUNCES APPOINTMENT OF RYAN BATROS AS CEO AND CLOSING OF SECOND AND FINAL TRANCHE OF NON-BROKERED PRIVATE PLACEMENT

Fidelity Minerals Corp. has appointed Ryan Batros as the company's new chief executive officer (CEO). Ian Graham has resigned as interim CEO and will remain as an independent member of the board. The board of directors wishes to thank Mr. Graham for his dedicated service and valuable contributions to company during his time in this role.

Mr. Batros has over 20 years of experience in the financial services industry with senior roles in stockbroking, corporate advisory, equity capital markets and investor relations. He brings a vast amount of market knowledge to the company and is a well-respected member of the investment community. Mr. Batros will be tasked with moving the company forward in terms of developing the company's Las Huaquillas project in Peru and assessing other accretive business opportunities.

Closing of tranche 2 of private placement

The company is pleased to announce that it has closed the second and tranche of the non-brokered private placement previously announced on Oct. 7, 2025, Sept. 24, 2025, and Sept. 17, 2025. The second tranche comprises a total of 1.5 million units of the company at a price of 10 cents per unit for aggregate gross proceeds of $150,000. Each unit will consist of one common share and one-half common share purchase warrant, with each full warrant being exercisable to purchase one common share at a price of 20 cents expiring Dec. 5, 2027. In aggregate the company issued 15 million units for total proceeds of $1.5-million inclusive of the first tranche closing.

Metals One PLC, a strategic partner based in the United Kingdom, acquired five million total units at 10 cents per unit for total consideration of $500,000 in aggregate in both tranches of the private placement. Prior to the private placement, Metals One did not own or control any securities of the company. As at the date of this release, Metals One beneficially owns and controls five million common shares and 2.5 million warrants representing 12.47 per cent of the outstanding shares on a non-diluted basis and 17.61 per cent of the outstanding shares on a partially diluted basis, the partially diluted basis calculated assuming the exercise of the warrants.

The units were acquired by Metals One for investment purposes. Metals One has a long-term view of the investment and may acquire additional securities of the company including on the open market or through private acquisitions or sell securities of the company including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans, and/or other relevant factors.

A copy of Metals One's early warning report will appear on Fidelity's profile on SEDAR+.

The company intends to use the net proceeds of the financing to advance its Peruvian exploration and community relation programs, and corporate working capital purposes.

The securities issued pursuant to the second tranche of the private placement are subject to a four-month hold period that expires on April 6, 2026.

The company paid total cash finders' fees of $33,775 and issued 337,750 finders' warrants to finders in connection with the first tranche private placement. Each warrant being exercisable to purchase one common share at a price of 20 cents until Oct. 7, 2027. No commissions or finder fees were payable in connection with second tranche private placement.

Closing of the private placement is subject to final approval of the TSX Venture Exchange.

About Fidelity Minerals Corp.

Fidelity Minerals has assembled a portfolio of high-quality mining assets and is targeting large scale copper and gold, and aims to delineate major deposits on these properties that could attract the interest of mid-tier and major mining companies. The company is focused on progressing its most advanced project -- Las Huaquillas, which is a gold, copper and silver in Northern Peru. 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.