Mr. Ryan Batros reports

FIDELITY MINERALS ANNOUNCES LAS HUAQUILLAS GROUND ACCESS & APPOINTMENT OF CONTRACTOR

On Feb. 4, 2026, Fidelity Minerals Corp. executed a surface access and land use agreement with a local landowner at its flagship Las Huaquillas gold-copper project located in northern Peru.

The agreement grants the company the right to construct and utilize an access road across the property to facilitate safe and efficient access to Los Socavones historical underground mine workings (including adits S1 and S2 and Los Socavones high-grade gold zone) and planned exploration areas. The access will enable the company to mobilize personnel and equipment to advance sampling and exploration activities at the project in preparation for underground drilling later this year.

The company has engaged an independent local contractor to commence construction of the access road. Initial work will include road clearing, grading and improvements to allow vehicle access to the historic underground infrastructure. Construction is expected to begin immediately and is anticipated to be completed the first week of April, 2026, subject to weather and site conditions.

Ryan Batros, chief executive officer of Fidelity, commented: "This is a critical milestone to launch the company's confirmation and exploration program for the accelerated development of Las Huaquillas. Over the coming months, Fidelity will seek to confirm previous underground sampling results and prepare for drilling with the intent to prepare a new NI 43-101-compliant mineral resource estimate."

As part of the agreement, the company has agreed to make the following payments:

• $22,400 (U.S.) upon signing the agreement (paid);
• $22,400 (U.S.) 30 days after agreement date;
• $44,800 (U.S.) one-year after agreement date; and
• $895 (U.S.) per month for 36 months.

About Fidelity Minerals Corp.

Fidelity Minerals is a TSX Venture Exchange-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.

Dean Pekeski, BSc, PGeo, a director of Fidelity, a qualified person in the context of National Instrument 43-101, has read and approved the technical content of this news release.

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