Fidelity Minerals closes first tranche non-brokered private placement

   Vancouver, BC – TheNewswire - June 8, 2026 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE: MNYC) (“ Fidelity Minerals ” or the “ Company ”) is pleased to announce that it has closed the first tranche of the non-brokered private placement financing (the “ Private Placement ”), previously announced in its News Releases dated  May 4, 2026 and May 21, 2026. In the first tranche, the Company issued 3,160,000 units (each, a “ Unit ”) at $0.20 per Unit for gross proceeds of $632,000. Each Unit consists of one common share (each, a “ Share ”) and one-half transferable share purchase warrant (each, a “ Warrant ”) with each whole Warrant exercisable into one additional Share at $0.30 per Share until June 8, 2028.

If the closing price of the Company’s common shares equals or exceeds $0.60 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants by press release, after which the warrants will expire 30 days later. The Private Placement has been conditionally approved by the TSX Venture Exchange (the “ TSX-V ”) but remains subject to final TSX-V approval. The Company intends to complete additional tranches of the Private Placement.   In connection with the first tranche, the Company paid cash finders’ fees of $42,840 and issued 214,200 broker warrants (the “Broker Warrants”) with each Broker Warrant exercisable into one additional Share at $0.30 per Share until June 8, 2028.

If the closing price of the Company’s common shares equals or exceeds $0.60 for 10 consecutive trading days, the Company may accelerate the expiry date of the warrants by press release, after which the warrants will expire 30 days later.   The securities issued under the Private Placement, the Broker Warrants, and the Shares issuable upon exercise of the Warrants and Broker Warrants are subject to a statutory hold period expiring on October 9, 2026.   The Company intends to use the net proceeds of the Financing to advance its Peruvian exploration and community relations programs, and general working capital.   The securities described herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act"), or any state securities laws, and accordingly, may not be offered or sold within the United States except in compliance with the registration requirements of the U.S. Securities Act and applicable state securities requirements or pursuant to exemptions therefrom. This press release does not constitute an offer to sell or a solicitation to buy any securities in any jurisdiction.   About Fidelity Minerals Corp.   Fidelity Minerals Corp. is a TSX-V listed resource company.

Its principal focus is the 44.5%-owned (with a right to earn 50%) brownfield Las Huaquillas project in northern Peru. The Company has a near-term objective to confirm previous underground sampling results and prepare for drilling with an objective of preparing a new NI 43-101 compliant mineral resource estimate. In addition to the Los Socavones brownfield gold opportunity, Las Huaquillas offers copper upside potential through exploration of the two confirmed porphyry systems flanking the Los Socavones epithermal gold zone.   The Company is run 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.