Mr. Ian Graham reports

FIDELITY MINERALS ANNOUNCES PRIVATE PLACEMENT FINANCING

Fidelity Minerals Corp. has arranged a non-brokered private placement financing of up to 12.5 million units at a price of 10 cents per unit for total gross proceeds of up to $1.25-million. Each unit will consist of one common share and one-half warrant, with each full warrant exercisable into one additional common share at 20 cents for a period of 24 months after the closing date.

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 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 has assembled a portfolio of high-quality mining assets, 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.

We seek Safe Harbor.