Ximen Mining Corp. Closes Private Placement

XIMEN MINING CORP. CLOSES PRIVATE PLACEMENT

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR

DISSEMINATION IN THE UNITED STATES

January 11, 2018 - Vancouver, B.C. – Ximen Mining Corp. (TSXV: XIM) (“Ximen” or the “Company”) is

pleased to announce that it closed on December 13, 2017 its pre viously announced non-brokered private

placement of 2,810,000 units (the “Units”) at a price of $0.05 per Unit, for gross proceeds of $140,500

(the “Offering”). Each Unit consisted of one flow-through share (a “Share”) and one non-transferable

common share purchase warrant (a “Warrant”). E ach Warrant will entitle the holder thereof to purchase

one additional Share at an exercise price of $0.05 per Share fo r five (5) years. The term of the Warrants

may be accelerated in the event that the Shares trade at or abo ve a price of $0.10 cents per Share for a

period of ten (10) consecutive days. In such case of accelerated Warrants, the Company may give notice,

in writing or by way of news release, to the subscribers that the Warrants will expire 30 days from the date

of providing such notice.

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

Company’s British Columbia mineral properties.

All securities issued in connection with the Offering will be subject to a hold period expiring April 14, 2018.

Christopher Anderson, Wesley Warthe-Anderson and Shervin Teymouri, who are directors and/or officers

of the Company, participated in the Offering by subscribing for a total of 2,610,000 Units, constituting a

related party transaction pursuant to TSX Venture Exchange Poli cy 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 share holder approval requirement of MI 61-101

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

For further information please contact:

“Christopher R. Anderson”

Christopher R. Anderson

President, CEO & Director

Tel: 604-488-3800

Forward-Looking Statement Cautions:

This press release contains certain "forward-looking statements " within the meaning of Canadian

securities legislation, relating to, among other things, the Co mpany’s proposed use of proceeds.

Although the Company believes that such statements are reasonable, it can give no assurance that such

expectations will prove to be co rrect. Forward-looking statemen ts are statements that are not historical

facts; they are generally, but not always, identified by the wo rds "expects," "plans," "anticipates,"

"believes," "intends," "estimates," "projects," "aims," "potent ial," "goal," "objective," "prospective," and

similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or

are those statements, which, by their nature, refer to future e vents. The Company cautions that Forward-

looking statements are based on the beliefs, estimates and opin ions of the Company's management on

the date the statements are made and they involve a number of r isks and uncertainties. Consequently,

there can be no assurances that such statements will prove to b e accurate and actual results and future

events could differ materially f rom those anticipated in such s tatements. 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 manage ment's beliefs, estimates or opinions, or

other factors, should change. Factors that could cause future r esults to differ materially from those

anticipated in these forward-look ing statements include, possib le accidents and other risks associated

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with mineral exploration operations, the risk that the Company will encounter unant icipated geological

factors, the possibility that the Company may not be able to se cure permitting and other governmental

clearances necessary to carry out the Company's exploration pla ns, the risk that the Company will not be

able to raise the additional funds in the future to continue to carry out its business plans, and the risk of

political uncertainties and regulatory or legal changes that mi ght interfere with the Company's business

and prospects. The reader is urged to refer to the Company's re ports, publicly available through the

Canadian Securities Administrators' System for Electronic Docum ent Analysis and Retrieval (SEDAR) at

www.sedar.com for a more complete discussion of such risk factors and their potential effects.

This news release does not constitute an offer to sell or a sol icitation of an offer to buy nor shall there be

any sale of any of the securities in any jurisdiction in which such offer, solicitation or sale would be

unlawful, including any of the securities in the United States of America. The securities have not been and

will not be registered under the United States Securities Act o f 1933 (the “1933 Act”) or any state

securities laws and may not be offered or sold within the Unite d States or to, or for account or benefit of,

U.S. Persons (as defined in Regulation S under the 1933 Act) un less registered under the 1933 Act and

applicable state securities laws, or an exemption from such registration requirements is available.

Neither the 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.