Mr. Christopher Anderson reports

XIMEN MINING CLOSES PRIVATE PLACEMENT

Ximen Mining Corp. has closed the private placement previously announced on June 28, 2022, and July 4, 2022, for gross proceeds of $560,000. The private placement consisted of eight million units at a price of seven 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 60 months from the date of issue, one additional common share of the issuer at an exercise price of 10 cents per share.

There were no finders' fees payable on this placement. All securities issued in connection with the placement closing will be subject to a hold period expiring on Nov. 6, 2022.

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.

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.

About Ximen Mining Corp.

Ximen Mining owns 100-per-cent interest in three of its precious metal projects located in southern B.C. 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 an option agreement. The option partner is making annual staged cash and stocks 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 Frankfurt, Munich, and Berlin Stock exchanstock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

We seek Safe Harbor.