Lida Resources Inc. “Lida” is a Canadian mineral exploration and development company, focused on advancing the San Vincent deposit located a short drive from Trujillo, Peru. The Company also the owns the Fruta del Sur deposit, with the potential to be one of Peru’s most prolific mines.

Lida Resources is a De Melt Group Company. Leonard De Melt is the third generation of De Melt miners. The Yellowknife Con Mine was staked by Mr. De Melt grandfather in 1935. Mr. De Melt was born at the Con Mine in the first aid shack. DeMelt Cresent in Yellowknife Northwest Territories Canada is named in his Family’s honor.

Mr. De Melt has held management positions with 12 mining companies internationally and was instrumental in starting and building six mines, including Gulf Oil's Rabbit Lake mine (uranium), Syncrude mine (oil sands), Denison Mines' Quintette (coal), Homestake's Golden Bear mine (gold), BHP's Ekati mine (diamonds) and Goldust's Croiner mine (gold).  He has served as a director of the mining companies Norsemont Resources Inc. and Vena Resources Inc.  Mr. De Melt is an engineering technologist and a graduate of the Haileybury School of Mines.  He also holds a bachelor of arts degree in business and economics and a diploma of mechanical studies from the British Columbia Institute of Technology.  He lives in Lima, Peru.

LIDA'S ENTRY STRATEGY

• Advancing our flagship property San Vincent in Peru with bulk sampling currently underway. 
• Acquiring high-quality assets at a low cost relative to ultimate value.
• Apply management’s extensive operational and exploration expertise to turn around, grow and/or develop the assets.
• Focus on cash returns to shareholders and prudent use of leverage.

OPERATIONAL STRATEGY

• High-margin projects where we can achieve rapid production ramp-ups from restarts, turnaround situations or late-stage development
• Early cash flow to fund exploration, growth, and operational improvements
• Building critical mass through acquisitions.
• Lida Resources: will be an " Incubator." There is a pipeline of properties available to Lida Resources.
• Companies will spin off from Lida Resources, creating additional shares for Lida shareholders.The first company spin off was Fidelity Minerals FMN, January 20, 2019.