Fidelity Minerals, landowner enter deal for access road

Executive Summary

• Fidelity Minerals Corp. has executed a surface access and land use agreement with a local landowner at its Las Huaquillas gold-copper project in northern Peru, securing rights to construct an access road to historical underground mine workings.
• The company has engaged a local contractor to begin immediate construction of the access road, with completion expected in the first week of April 2026.
• This infrastructure development is a critical milestone to facilitate sampling, exploration, and upcoming underground drilling, with the ultimate goal of preparing a new NI 43-101-compliant mineral resource estimate.

Key Details

• Agreement Execution: Surface access and land use agreement signed on Feb. 4, 2026, with a local landowner.
• Project Location: Las Huaquillas gold-copper project, northern Peru.
• Access Rights: Grants rights to construct and utilize an access road to facilitate access to:
  • Los Socavones historical underground mine workings.
  • Adits S1 and S2.
  • Los Socavones high-grade gold zone.
  • Planned exploration areas.
• Construction Scope: Initial work includes road clearing, grading, and improvements to allow vehicle access to historic underground infrastructure.
• Timeline: Construction begins immediately; anticipated completion in the first week of April 2026 (subject to weather and site conditions).
• Strategic Objective: Enable mobilization of personnel and equipment for sampling and exploration activities to prepare for underground drilling later in 2026.
• Future Goals: Confirm previous underground sampling results and prepare a new NI 43-101-compliant mineral resource estimate.
• Payment Terms:
  • $22,400 USD upon signing (paid).
  • $22,400 USD 30 days after agreement date.
  • $44,800 USD one year after agreement date.
  • $895 USD per month for 36 months.

Notable Quotes

• "This is a critical milestone to launch the company's confirmation and exploration program for the accelerated development of Las Huaquillas. Over the coming months, Fidelity will seek to confirm previous underground sampling results and prepare for drilling with the intent to prepare a new NI 43-101-compliant mineral resource estimate." — Ryan Batros, Chief Executive Officer