Ximen Mining Corp News Release 1 Advancing precious metal assets in British Columbia

Ximen Mining Corp News Release

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Advancing precious metal assets in British Columbia

June 17, 2019 TSX.V: XIM

Frankfurt: XIM

USA: XXMMF

Ximen Provides Update on Acquisition of Kenville Gold Mine

Vancouver, B.C., June 17, 2019 – Ximen Mining Corp. (TSX-V: XIM, “Ximen” or the “Company”)

announces that, further to its news releases of April 8, 2019 , May 2, 2019 and May 9, 2019, it has

entered into four new arm’s length agreements to acquire an additional 4,733,333 common shares

(“Target Shares”) of 0995237 B.C. Ltd., a private B.C. company (“0995237”).

In consideration for these 4,733,333 additional Target Shares the Company proposes to issue a total

of 236,666 Ximen common shares at a deemed issue price of $0. 70 per share (the “Consideration

Shares”). The principal asset of 0995237 is its option to acquire the Kenville Gold Mine, located west

of Nelson, B.C.

The acquisition of the Target Shares remains subject to TSX Venture Exchange acceptance. The

Consideration Shares will be subject to a customary 4-month, plus one day, hold period running from

the date on which they are issued. The acquisition of the Target Shares is expected to complete by

June 30, 2019.

On behalf of the Board of Directors,

“Christopher R. Anderson”

Christopher R. Anderson,

President, CEO and Director

604 488-3900

Investor Relations: Mr. William Sattlegger, 604-488-3900 [email protected]

Ximen Mining Corp News Release

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Ximen Mining Corp.

Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects. Ximen’s

two gold projects, The Gold Drop Project and Brett Gold Project are located in southern British

Columbia. Ximen also owns the Treasure Mountain Silver project adjacent to the past producing

Huldra Silver Mine. 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 1XM and WKN with the number as A1W2EG.

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

including statements regarding the receipt of TSX Venture Exchange acceptance of the above-described proposed

transaction. 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 are 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 o n the date the statements are made and they involve a number 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 anticip ated 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 opinion s, or other factors, should change. Factors that

could cause 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 t imely manner, if at all. 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 the re

be any sale of securities in any state in the United States in which such of fer, 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