Ximen Receives Mines Permit
Advancing precious metal assets in British Columbia
February 23, 2023 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Receives Mines Permit
Kenville Gold Mine
Nelson, BC
Vancouver, B.C., February 23, 20 23 – Ximen Mining Corp . (TSX.v: XIM) (FRA: 1XMA)
(OTCQB: XXMMF) (the “Company” or “Ximen”) announces that it has received the draft of the
Mines Act Permit for the underground development program at its Kenville Gold Mine from the
BC government.
The Company has now received two permits in draft, one from the Ministry of Environment and
this recent one from the Ministry of Energy,
Mines and Low-Carbon Innovation. The draft
Environmental Permit was received earlier and
has been reviewed and approved by Ximen. The
Company has now submitted its final responses
and we anticipate the final permit to be issued
shortly.
Now received is t he all-important Mines Act
Permit draft approving the following key
activities:
• Establishment of the new Venango Portal and
1200 m of decline development at this portal with
associated re-mucks, safety bays and sumps
• Underground Exploration Drilling (20,250
m) from the new Venango decline.
• Establishment of one Waste Rock Storage
facility (approx. 3750 m2)
• Installation of surface water management
structures.
• Location of one portable office structure.
• Onsite fuel storage (two 4,500 enviro tanks).
Mine Manager Mr Lloyd Penner.
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The Company is very pleased with the permit draft and has reviewed the conditions that apply
prior to and during the development program, a majority of which have already been met. Ximen
is making a final review of the exact wording and conditions. Once our review has been completed
and relayed to the Mines department, the final Mines Act Permit is expected to be received.
Map showing revised Kenville mine permit boundary.
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Key highlights of the Draft Permit conditions are:
• Reclamation Security: $103,800 must be posted with the Minister of Finance.
• Construction to be completed under the supervision of a Professional Engineer.
• Finalizing the development and implementation of a Ground Control Management Plan
that is consistent with industry standards.
• Waste rock dumps must be developed in accordance with the design and recommendations
prepared by a Professional Engineer.
• A foundation inspection must be completed by a Professional Engineer prior to waste rock
dump construction.
• A monitoring well pair (shallow and deep) located near the underground workings must be
installed and continuously monitored for water levels.
• The Archaeological Chance Find Procedure (CFP) must be implemented prior to
commencement of work.
Kenville Site (2023)
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This Permit brings us one step closer to , moving forward into a more
sustainable self -reliant economy, working at expanding the art of
underground mining, a long industrious trade that empowers those
executing the work with a sense of accomplishment and pride, while
maintaining our environment and utilizing hydro, a green energy source
to advance the project.
The Kenville Gold Mine is again making firsts, it was the first
Underground Gold mine in BC , and now will be achieving first , as
Ximen completes one more milestone bringing us closer to empowering
families with the opportunity to embrace a sustainable income, all within
15 minutes of their homestead.
This, while respecting and maintaining the beauty and abundance of all that surrounds us and adds
to the quality of our lives, providing for your family, building a happy healthy community, while
doing it in a socially responsible manner with minimal impac t on the environment. This is our
focus of ours, as we proudly advance towards opening what we consider to be one of the greenest,
gold mines in Southern BC, The Kenville Gold Mine,” states Anderson, CEO.
Technical disclosure in this news release has been approved by Dr. Mathew Ball, P.Geo., a
Qualified Person as defined by National Instrument 43-101 and VP Exploration for Ximen Mining
Corp.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Investor Relations: Sophy Cesar, 604-488-3900, [email protected]
About Ximen Mining Corp.
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Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern
BC. Ximen`s two Gold projects , The Amelia Gold Mine and The Brett Epithermal Gold Project.
Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver
Mine. Currently, the Treasure Mountain Silver Project is under a n option agreement. The option
partner is making annual staged cash and stocks payments as well as funding the development of
the project. The company has also acquired control of the Kenville Gold mine near Nelson British
Columbia which comes with surface and underground rights, buildings and equipment.
Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM,
in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in
Germany under the symbol 1XMA and WKN with the number as A2JBKL.
This press release contains certain "forward-looking statements" within the meaning of Canadian securities This press
release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including
statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although
the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove
to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always,
identified by the words " expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims,"
"potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would,"
"may," "can," "could" or "should" occur, or ar e those statements, which, by their nature, refer to future events. The
Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made and they involve a num ber of risks and uncertainties. Consequently,
there can be no assurances that such statements will prove to be accurate and actual results and future events could
differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws
and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking
statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could ca use
future results to differ materially from those anticipated in these forward-looking statements include the possibility that
the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. The reader is urged
to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for
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Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk
factors and their potential effects.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there
be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Ximen Mining Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900