Ximen Mining Closes Financing

Advancing precious metal assets in British Columbia

April 15, 2024 TSX.V: XIM

FRA: 1XMA

OTCQB: XXMMF

Ximen Mining Closes Financing

Vancouver, B.C., April 15, 2024 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB:

XXMMF) (the “Company” or “Ximen”) announces that it has closed the private placement

previously announced on March 28, 2024 for gross proceeds of $500,000. The private placement

consisted of 5 million units at a price of $0.10 per unit. Each Unit consists of one common share

and one transferable common share purchase warrant. Each whole warrant will entitle the holder

to purchase, for a period of 60 months from the date of issue, one additional common share of

the Issuer at an exercise price of $0.16 per share.

All securities issued in connection with the placement closing will be subject to a hold period

expiring on August 12, 2024.

The net proceeds from the Offering will be used by the Company for exploration expenses on the

Company’s British Columbia mineral properties and general working capital. The closing of the

private placement financing is subject to final TSX-V approval.

The Company paid a cash commission of $3,500 to Glores Securities Inc. and issued 35,000

finder warrants. The finder warrants issued to Glores Securities Inc. have the same terms as the

private placement warrants.

Christopher Anderson a director and/or officer of the Company, participated in the Offering

constituting a related party transaction pursuant to TSX Venture Exchange Policy 5.9 and

Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions

(“MI 61-101”). The Company relied on section 5.5(a) of MI 61-101 for an exemption from the

formal valuation requirement and section 5.7(1)(a) of MI 61-101 for an exemption from the

minority shareholder approval requirement of MI 61-101 as the fair market value of the

transaction did not exceed 25% of the Company’s market capitalization.

On behalf of the Board of Directors,

“Christopher R. Anderson”

Ximen Mining Corp News Release

2

Christopher R. Anderson,

President, CEO and Director

604 488-3900

Investor Relations: 604-488-3900, [email protected]

About Ximen Mining Corp.

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 th e past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is

under a 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 Mining Corp News Release

3

This press release includes certain statements that may be deemed “forward -looking statements” within the meaning

of Canadian securities legislation. All statements in this release, other than statements of historical facts, that address

future exploration drilling, exploration activities and events or developments that the Company expects, are forward

looking statements. Although the Company believes the expectations expressed in such forward-looking statements are

based on reasonable assumptions, such statements are not guarantees of future performance and actual results or

developments may differ materia lly from those in forward -looking statements. Factors that could cause actual results

to differ materially from those in forward-looking statements include exploitation and exploration successes, continued

availability of financing, and general economic, m arket or business conditions. The reader is urged to refer to the

Company's reports, publicly available through the Canadian Securities Administrators' System for 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