Fidelity Minerals Announces Las Huaquillas Ground Access & Appointment of Contractor

(TheNewswire)

Critical milestonefor activation of exploration program at large-scale gold-copperproject, Peru

Vancouver, BC – TheNewswire - February 19, 2026 – Fidelity Minerals Corp.(TSX-V: FMN | FSE: S5GM | SSE: MNYC)(“Fidelity” or the “Company”) is pleased to announce that onFebruary 4, 2026 the Company executed a surface access and land useagreement (the “Agreement”) with a local landowner at its flagshipLas Huaquillas gold-copper project located in northern Peru.

The Agreement grants the Company the right to constructand utilize an access road across the property to facilitate safe andefficient access to the Los Socavones historical underground mineworkings (including Adits S1 and S2 and the Los Socavones high-gradegold zone) and planned exploration areas. The access will enable theCompany to mobilize personnel and equipment to advance sampling andexploration activities at the project in preparation for undergrounddrilling later this year.

The Company has engaged an independent local contractorto commence construction of the access road. Initial work will includeroad clearing, grading and improvements to allow vehicle access to thehistoric underground infrastructure. Construction is expected to beginimmediately and is anticipated to be completed the first week of April2026, subject to weather and site conditions.

Ryan Batros, Chief Executive Officerof Fidelity, commented:

“This is a critical milestone tolaunch the Company’s confirmation and exploration program for theaccelerated development of Las Huaquillas. Over the coming monthsFidelity will seek to confirm previous underground sampling resultsand prepare for drilling with the intent to prepare a new NI 43-101compliant mineral resource estimate.”

As part of the Agreement, the Company has agreed tomake the following payments:

• USD $22,400 upon signing the Agreement (paid) 

• USD $22,400 30 days after Agreement date 

• USD $44,800 one-year after Agreement date 

• USD $895 per month for 36 months  

About Fidelity Minerals Corp.

Fidelity Minerals Corp. is a TSX-V listed resourcecompany. Its principal focus is the 44.5%-owned (with a right to earn50%) brownfield Las Huaquillas project in northern Peru. The Companyhas a near-term objective to confirm previous underground samplingresults and prepare for drilling with an objective of preparing a newNI 43-101 compliant mineral resource estimate. In addition to the LosSocavones brownfield gold opportunity, Las Huaquillas offers copperupside potential through exploration of the two confirmed porphyrysystems flanking the Los Socavones epithermal gold zone.

The Company is run by an experienced management teamwith diverse technical, market, and commercial expertise and issupported by committed, and sophisticated investors focused onbuilding long-term value. Fidelity’s founder John Byrne has over 50years’ experience in the minerals sector with a track record ofdeveloping brownfield sites into profitable mines.  

Dean Pekeski B.Sc., P.Geo., a Director of Fidelity andQualified Person in the context of National Instrument 43-101, hasread and approved the technical content of this News Release.

On behalf of the Board of Fidelity Minerals.

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

Ryan Batros
CEO

Phone: +61-472-658-777
Email: rbatros@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 release containsforward-looking information and forward-looking statements within themeaning of applicable Canadian securities laws (collectively,“forward-looking statements”). Forward-looking statements relateto future events or future performance and reflect management’sexpectations and assumptions as at the date of this newsrelease.

Forward-looking statements in thisrelease include, but are not limited to, statements regarding: theconstruction and completion of the access road; the timing ofmobilization of personnel and equipment; the advancement of samplingand exploration activities; preparation for underground drilling; theconfirmation of previous underground sampling results; the preparationof a new NI 43-101 compliant mineral resource estimate; developmentobjectives; copper exploration potential; and the Company’s abilityto advance or expand its project portfolio.

Forward-looking statements are basedon certain assumptions, including, without limitation: continuedaccess to the project area; timely receipt of any required permits orapprovals; availability of contractors, equipment and labour;favourable weather and site conditions; accuracy and reliability ofprior sampling data; continuity of mineralization; the Company’sability to secure adequate financing; and general economic and marketconditions.

Forward-looking statements aresubject to a number of risks and uncertainties that could cause actualresults to differ materially from those anticipated, including, butnot limited to: delays in construction or exploration; adverse weatherconditions; permitting or regulatory delays; changes in laws orregulations; inability to secure or maintain surface access;geological or technical challenges; risks associated with mineralexploration and development; failure to obtain sufficient data tosupport a mineral resource estimate; fluctuations in commodity prices;capital market conditions; and other risks disclosed in theCompany’s public filings available on SEDAR+.

Readers are cautioned thatforward-looking statements are not guarantees of future performanceand actual results may differ materially from those expressed orimplied by such statements. The Company undertakes no obligation toupdate or revise any forward-looking statements, except as required byapplicable securities laws.

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