Ximen Mining Closes Financing
Advancing precious metal assets in British Columbia
February 24, 2026 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Mining Closes Financing
Vancouver, B.C., February 24, 2026 – 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 December 29, 2025. The private placement consisted of
2,940,000 units at a price of $0.05 per unit for gross proceeds of $147,000. 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 18 months from the date of issue, one
additional common share of the Issuer at an exercise price of $0.10 per share.
All securities issued in connection with the placement closing will be subject to a hold period
expiring on June 24, 2026.
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 $1,050 to Ventum Financial and issued 21,000 finder
warrants. The Company also paid a cash commission of $600.00 to Canaccord Genuity Corp.
and issued 12,000 finder warrants. The finder warrants issued 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.
Ximen Mining Corp News Release
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The Company further announces that it has arranged a non-brokered private placement of 7
million units at a price of $0.05 per unit for gross proceeds of $350,000. 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 18 months from the date of issue, one
additional common share of the Issuer at an exercise price of $0.10 per share.
A finder's fee may be paid to eligible finders in accordance with the TSX Venture Exchange
policies. All securities issued pursuant to the offering will be subject to a hold period of four
months and one day from the date of closing. The offering and payment of finders' fees are both
subject to approval by the TSX-V. There is no material fact or material change of the Company
that has not been generally disclosed.
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.
Directors, officers or other insiders of the Company may participate in the foregoing offerings,
and such parties may sell securities of the Company owned or controlled by them personally
through the facilities of the TSX Venture Exchange to finance participation in such offerings.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Investor Relations: 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 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.
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 sta tements are not guarantees of future performance and actual results or
developments may differ materially 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
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availability of financing, and general economic, market 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