Mr. Christopher Anderson reports

XIMEN MINING CLOSES $1,322,510 OF PRIVATE PLACEMENT

Ximen Mining Corp. has closed the first tranche and second tranche of the private placement previously announced on April 1, 2022, for gross proceeds of $1,322,510. The first and second tranches of the non-brokered private placement consisted of 8,816,733 units at a price of 15 cents 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 24 months from the date of issue, one additional common share of the issuer at an exercise price of 25 cents per share.

The first tranche totalled 6,966,733 shares, and the company paid a cash commission of $1,417.50 and issued 9,450 broker warrants to Canaccord Genuity Corp., paid a cash commission of $875 and issued 5,833 broker warrants to PI Financial Corp., and paid a cash commission of $10,500 and issued 70,000 broker warrants to Glores Securities Inc. The broker warrants have the same terms as the private placement warrants. All securities issued in connection with the first tranche closing will be subject to a hold period expiring on Aug. 14, 2022.

The second tranche totalled 1.85 million shares, and the company paid a cash commission of $6,825 and issued 45,500 broker warrants to Haywood Securities Inc. The broker warrants have the same terms as the private placement warrants. All securities issued in connection with the second tranche closing will be subject to a hold period expiring on Aug. 15, 2022.

The net proceeds from the offering will be used by the company for exploration expenses on the company's B.C. mineral properties and general working capital. The closing of the first and second tranches of the private placement financing is subject to final TSX Venture Exchange approval.

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). 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 per cent of the company's market capitalization.

About Ximen Mining Corp.

Ximen owns a 100-per-cent interest in three of its precious metal projects located in Southern British Columbia. Ximen owns 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 an option agreement. The option partner is making annual staged cash and stock payments, as well as financing the development of the project. The company has also acquired control of the Kenville gold mine near Nelson, B.C., which comes with surface and underground rights, buildings, and equipment.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the United States under the symbol XXMMF, and in the Frankfurt, Munich and Berlin stock exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

We seek Safe Harbor.