Fidelity Minerals Announces Appointment of Ryan Batros as CEO and Closing of Second and Final Tranche of Non-Brokered Private Placement

(TheNewswire)

Vancouver, BC – TheNewswire - December 5, 2025 – Fidelity Minerals Corp. (TSX-V: FMN | FSE: S5GM | SSE: MNYC) (“ Fidelity ” or the“ Company ”) is please to announce the appointment of Ryan Batros as the Company’s new ChiefExecutive Officer (“CEO”). Ian Graham has resigned as Interim CEOand will remain as an independent member of the Board. The Board ofDirectors wishes to thank Mr. Graham for his dedicated service andvaluable contributions to Company during his time in this role.

Mr. Batros has over 20 years of experience in thefinancial services industry with senior roles in stockbroking,corporate advisory, equity capital markets and investor relations. Hebrings a vast amount of market knowledge to the Company and is awell-respected member of the investment community. Mr. Batros will betasked with moving the Company forward in terms of developing theCompany’s Las Huaquillas project in Peru and assessing otheraccretive business opportunities.

Closing of Tranche 2 of PrivatePlacement

The Company is pleased to announce that it has closedthe second and tranche of the non-brokered private placement (the“ PrivatePlacement ”) previously announced on October 7,2025, September 24, 2025 and September 17, 2025. The second tranchecomprises a total of 1,500,000 units of the Company (“ Units ”) at a priceof $0.10 per Unit for aggregate gross proceeds of $150,000. Each Unitwill consist of one common share (a “ Common Share ”) andone-half common share purchase warrant, with each full warrant (a“ Warrant ”) being exercisable to purchase oneCommon Share at a price of $0.20 expiring December 5, 2027. Inaggregate the Company issued 15,000,000 Units for total proceeds of$1,500,000 inclusive of the first tranche closing.

Metals One Plc (“Metals One”), a strategic partnerbased in the UK acquired 5,000,000 total Units at $0.10 per Unit fortotal consideration of $500,000 in aggregate in both tranches of thePrivate Placement. Prior to the Private Placement, Metals One did notown or control any securities of the Company. As at the date of thisrelease, Metals One beneficially owns and controls 5,000,000 CommonShares and 2,500,000 Warrants representing 12.47% of the outstandingShares on a non-diluted basis and 17.61% of the outstanding Shares ona partially diluted basis, the partially diluted basis calculatedassuming the exercise of the Warrants.

The Units were acquired by Metals One for investmentpurposes. Metals One has a long-term view of the investment and mayacquire additional securities of the Company including on the openmarket or through private acquisitions or sell securities of theCompany including on the open market or through private dispositionsin the future depending on market conditions, reformulation of plansand/or other relevant factors.

A copy of Metals One’s early warning report willappear on Fidelity’s profile on SEDAR+.

The Company intends to use the net proceeds of theFinancing to advance its Peruvian exploration and community relationprograms, and corporate working capital purposes.

The securities issued pursuant to the second tranche ofthe Private Placement are subject to a four month hold period thatexpires on April 6, 2026.

The Company paid total cash finder’s fees of $33,775and issued 337,750 finder’s warrants to finders in connection withthe first tranche Private Placement. Each warrant being exercisable topurchase one Common Share at a price of $0.20 until October 7, 2027.No commissions or finder fees were payable in connection with secondtranche Private Placement.

Closing of the Private Placement is subject to finalapproval of the TSX Venture Exchange.

About Fidelity Minerals Corp.

Fidelity Minerals Corp. has assembled a portfolio ofhigh-quality mining assets and is targeting large scale copper andgold and aims to delineate major deposits on these properties thatcould attract the interest of mid-tier and major mining companies. TheCompany is focused on progressing its most advanced project – LasHuaquillas, which is a gold, copper and silver in Northern Peru.Fidelity is also looking to opportunistically expand its project portfolio with accretive acquisitions. TheCompany is backed by an experienced management team with diversetechnical, market, and commercial expertise and is supported bycommitted, and sophisticated investors focused on building long-termvalue.

On behalf of the Board of Fidelity Minerals.

Ryan Batros
CEO

Phone: +61-472-658-777
Email: rbatros@fidelityminerals.com

For more information, please visit the corporatewebsite at http://www.fidelityminerals.com or contact:

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 press release contains certain“forward-looking statements” within the meaning of Canadiansecurities legislation, including, but not limited to, statementsregarding the Shares for Debt Settlement is subject to regulatoryapproval, including approval of the TSX Venture Exchange; theCompany’s plans with respect to its resource projects and the timingrelated thereto, the merits of the Company’s projects, and theCompany’s objectives, plans and strategies. Although the Companybelieves that such statements are reasonable, it can give no assurancethat such expectations will prove to be correct. Forward-lookingstatements are statements that are not historical facts; they aregenerally, but not always, identified by the words “expects,”“plans,” “anticipates,” “believes,” “intends,”“estimates,” “projects,” “aims,” “potential,”“goal,” “objective,”, “strategy”, “prospective,” andsimilar expressions, or that events or conditions “will,”“would,” “may,” “can,” “could” or “should” occur,or are those statements, which, by their nature, refer to futureevents. The Company cautions that forward-looking statements are basedon the beliefs, estimates and opinions of the Company’s managementon the date the statements are made and they involve a number of risksand uncertainties. Consequently, there can be no assurances that suchstatements will prove to be accurate and actual results and futureevents could differ materially from those anticipated in suchstatements. Except to the extent required by applicable securitieslaws and the policies of the TSX Venture Exchange, the Companyundertakes no obligation to update these forward-looking statements ifmanagement’s beliefs, estimates or opinions, or other factors,should change. Factors that could cause future results to differmaterially from those anticipated in these forward-looking statementsinclude the risk of accidents and other risks associated with mineralexploration operations, the risk that the Company will encounterunanticipated geological factors, or the possibility that the Companymay not be able to secure permitting and other agency or governmentalclearances, necessary to carry out the Company’s exploration plans,risks of political uncertainties and regulatory or legal changes inthe jurisdictions where the Company carries on its business that mightinterfere with the Company’s business and prospects. The reader isurged to refer to the Company’s reports, publicly available throughthe Canadian Securities Administrators’ System for ElectronicDocument Analysis and Retrieval (SEDAR+) at www.sedarplus.ca for amore complete discussion of such risk factors and their potentialeffects.

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