Fidelity Minerals Corp. Closes First Tranche of Private Placement Financing

Vancouver, BC — June 9, 2026 — Leads & Copy — Fidelity Minerals Corp. announced the successful closing of the first tranche of its non-brokered private placement financing, raising $632,000. The company issued 3,160,000 units at $0.20 per unit. Each unit includes one common share and one-half of a share purchase warrant. The warrants are exercisable at $0.30 per share until June 8, 2028. The company may accelerate the warrant expiry date if the common share price equals or exceeds $0.60 for 10 consecutive trading days, at which point the warrants will expire 30 days later.

The private placement received conditional approval from the TSX Venture Exchange (TSX-V) and is subject to final approval. Fidelity Minerals plans to complete additional tranches of the financing. In connection with the first tranche, the company paid $42,840 in cash finders' fees and issued 214,200 broker warrants, also exercisable at $0.30 per share until June 8, 2028. These broker warrants are subject to the same acceleration clause as the unit warrants.

Securities issued in this tranche, including the broker warrants and shares issuable upon their exercise, are subject to a statutory hold period ending October 9, 2026. The net proceeds from the financing are intended for advancing Fidelity Minerals' Peruvian exploration and community relations programs, as well as for general working capital.

Fidelity Minerals Corp., a TSX-V listed resource company, focuses on its 44.5%-owned Las Huaquillas project in northern Peru, with a right to earn a 50% interest. The company's near-term objective is to confirm previous underground sampling results and prepare for drilling to establish a new NI 43-101 compliant mineral resource estimate. The Las Huaquillas project includes the Los Socavones epithermal gold zone and offers potential copper upside through exploration of two confirmed porphyry systems.

The company is led by an experienced management team with diverse expertise and supported by investors focused on long-term value. John Byrne, Fidelity’s founder, brings over 50 years of experience in the minerals sector, with a history of developing brownfield sites into profitable mines.

Source: Fidelity Minerals Corp.