SAIDF - Fidelity Minerals Mandates Red Cloud Securities to Provide Corporate Advisory & Investor Relations Related Services

(TheNewswire)

Vancouver, BC - TheNewswire - October 21 st , 2020- Fidelity Minerals Corp. (TSXV:FMN ) ( FSE:S5GM ) ( SSE:MNYC) (" Fidelity Minerals " or the" Company ") is pleased to advise it hasengaged Red Cloud Securities Inc. and Red Cloud Financial ServicesInc. (together "RedCloud" ) to provide the Company with a rangeof corporate advisory and investor relations related services.

Following the transformation of Fidelity Minerals,reconfirmation of the sale of Cerro Dorado and the recent explorationsuccess at Las Brujas, the Company is now well placed for futuresuccess. The project portfolio the Company has assembled in NorthernPeru has generated significant industry interest, including fromestablished mining companies interested in transactionalopportunities.

As the Company enters the next stage of growth, theengagement of Red Cloud will assist with introducing Fidelity Mineralsto a broader investors base, provide improved access to equity capitalmarkets (ECM), and provide access to corporate advisory/investmentbanking services in support of any potential transactionactivity.

Key Terms of Engagement

• - Initial term: 6 months.

  - Scope of services: Includes, typical ECM,corporate advisory, investor relations and

marketing related services.

• - Consideration: $75,000.

  • • • • - Additional contingent consideration payable inrelation to transaction related activity, where applicable.

Red Cloud has established itself as a leadingindependent research and ECM services provider, specifically focusedon the mining industry.

About Red Cloud

Red Cloud Securities Inc. ("Red Cloud") isregistered as an Investment Dealer in Ontario, Quebec, Alberta andBritish Columbia and is a member of the Investment IndustryOrganization of Canada (IIROC). Part of Red Cloud Securities Inc.'sbusiness is to connect mining companies with suitable investors.

For additional information about Red Cloud: https://www.redcloudfs.com

On behalf of the Board of FidelityMinerals;

Ian Graham
CEO and Director
Tel: +1.604.671.1353
Email: igraham@fidelityminerals.com

NEITHER THE TSXVENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM ISDEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTSRESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWSRELEASE.

Disclaimer & Forward-LookingStatements: This news releasecontains forward-looking statements. Forward-looking statements arestatements that relate to future events or future financialperformance. In some cases, you can identify forward-lookingstatements by the use of terminology such as "may","should", "intend", "expect","plan", "anticipate", "believe","estimate", "project", "predict","potential", or "continue" or the negative ofthese terms or other comparable terminology. These statements speakonly as of the date of this news release. This news release may alsocontain inferences to future oriented financial information("FOFI") within the meaning of applicable securities laws.The information in this news release has been prepared by ourmanagement to provide a context for the project acquisition and toprovide the reader with an outlook for our future activities andanticipated key projects and may not be appropriate for otherpurposes. Forward-looking statements in this announcement include,(but are not limited to) advancing certain key project activities thatcould represent important milestones which the Company expects mayrepresent material valuation catalysts, such as the expectation thatthrough the Strategic Project Generator model Fidelity Minerals ispositioning itself to be a beneficiary in this environment ofincreased appetite for prospective projects in this region. Further,forward-looking statements in this release include that FidelityMinerals Corp. is assembling a portfolio of high-quality mining assetsin Peru through the implementation of our Strategic Project Generator(SPG) model. The project generator model involves the identificationand acquisition of appraisal stage opportunities with near-termvaluation catalysts, including potential for high-impactM&A.

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