Mr. Ryan Batros reports

FIDELITY ANNOUNCES EXTENSION OF NON-BROKERED PRIVATE PLACEMENT

The TSX Venture Exchange has granted Fidelity Minerals Corp. an extension until July 18, 2026, to complete its previously announced non-brokered private placement financing. The company may complete one or more additional tranches of the private placement, or the balance of the private placement in full, at any time prior to July 18, 2026.

The private placement was originally announced on May 4, 2026, and was subsequently upsized on May 21, 2026. The private placement consists of up to 14.05 million units of the company at a price of 20 cents per unit, for aggregate gross proceeds of up to $2.81-million. The company closed the first tranche of the private placement on June 8, 2026, issuing 3.16 million units for gross proceeds of $632,000.

Each unit consists of one common share of the company and one-half of one transferable common share purchase warrant, with each whole warrant exercisable into one additional common share at 30 cents per share for a period of 24 months from the applicable 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 news release, after which the warrants will expire 30 days later.

All securities issued in connection with any subsequent tranche of the private placement will be subject to a statutory hold period expiring four months and one day from the date of issuance, in accordance with applicable Canadian securities laws. Completion of the private placement remains subject to final acceptance of the TSX Venture Exchange.

The company intends to use the net proceeds of the private placement to advance its Peruvian exploration and community relations programs, and for general working capital. The company may pay finders' fees to eligible finders in connection with one or more additional tranches of the private placement, in accordance with applicable securities laws and the policies of the TSX Venture Exchange.

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 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. Fidelity's founder John Byrne has over 50 years of experience in the minerals sector with a record of developing brownfield sites into profitable mines.

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