Ximen Mining Corp. News Release

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Ximen Mining Corp. News Release

TSX.V : XIM

FRA : 1XM

OTC : XXMMF

Sourcing and mining precious metal assets in British Columbia

April 11, 2018

SUPREME COURT OF BRITISH COLUMBIA

RULES IN FAVOUR OF

XIMEN MINING CORP. AGAINST DISSIDENT SHAREHOLDERS

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

pleased to announce that it has been wholly -successful in its defense of a shareholder oppression action

brought in the BC Supreme Court (the “Court”) against the Company and its directors by a group of

dissident shareholders led by Mr. Allan Slaughter (the “Petitioners”). The Petitioners are all related in the

sense that they are family, friends or clients of two investment advisors , Timothy Wyman and Greg

Obertas of TD Wealth Private Investment Advice. The central element of the Petitioners’ claim against

the Company was that, because of the handling of certain transactions by the Company, the Petitioners

were, contrary to their ex pectations, unable to vote some of their shares at the Company’s 2017 annual

general meeting.

In his reasons for judgment, in Slaughter v. Ximen Mining Corp., 2018 BCSC 573, dismissing the

Slaughter group’s petition, Mr. Justice Skolrood concluded there h as been no oppressive or prejudicial

conduct by the Company or its directors. In concluding that most of the Petitioner’s affidavit evidence was

inadmissible, Justice Skolrood stated that, “They failed to adduce this essential evidence as part of their

case, i.e. in support of the petition, and it is not open to them to subsequently seek to “patch up” their case

under the guise of reply evidence.” Skolrood J. then went on to state that, “… even if these affidavits were

admissible, they are not sufficient t o establish the reasonable expectations alleged. They are all crafted

using identical “cookie cutter” language clearly intended to satisfy the legal test for oppression, which

raises a question as to their veracity.”

The Court made clear that that law req uires that a shareholder, such as Mr. Slaughter, who alleges

oppression must establish, on the evidence, both a reasonable expectation and a violation of that

expectation as a result of conduct that is oppressive or unfairly prejudicial; and found that Mr. Slaughter

had failed to establish either element. The petition was dismissed in its entirety, with costs in favour of

Ximen and its directors, as is customary.

The Company’s CEO, Chris Anderson, commented that, “We’re pleased to have this regrettable

distraction from the Company’s mineral exploration business resolved so that we can get on with our

efforts to prove out our projects and add shareholder value.”

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On behalf of the Board of Directors,

“Christopher R. Anderson”

Christopher R. Anderson,

President, CEO and Director

Ximen Mining Corp. 604 488-3900

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. The securities referred to herein have not been and will not be registered under the United States Securities

Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable

exemption from registration requirements.

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.