Mr. Ryan Batros reports

FIDELITY MINERALS ANNOUNCES UPSIZING OF PROPOSED NON-BROKERED PRIVATE PLACEMENT FINANCING

Fidelity Minerals Corp. has increased the size of the previously announced non-brokered private placement financing of units of the company at a price of 20 cents per unit. The size of the financing has been increased from 12.5 million units to 14.05 million units for aggregate gross proceeds of $2.81-million. Each unit will consist of one common share and one-half warrant, with each full warrant exercisable into one additional common share at 30 cents for a period of 24 months after the closing date. If the closing price of the company's common shares equals or exceeds 60 cents 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 company intends to use the net proceeds of the financing to advance its Peruvian exploration and community relations programs and for general working capital.

The company intends to pay finders' fees to eligible finders in accordance with applicable securities laws and the policies of the TSX Venture Exchange. The financing is subject to approval of the TSX-V, and all securities issued under the financing will be subject to statutory hold periods expiring four months and one day from the date of closing of the financing.

About Fidelity Minerals Corp.

Fidelity Minerals is a TSX-V-listed resource company. Its principal focus is the 44.5-per-cent-owned (with a right to earn 50 per cent) 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 National Instrument 43-101-compliant mineral resource estimate. In addition to Los Socavones brownfield gold opportunity, Las Huaquillas offers copper upside potential through exploration of the two confirmed porphyry systems flanking 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. Fidelity's founder John Byrne has over 50 years experience in the mineral sector with a record of developing brownfield sites into profitable mines.

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