Mr. Christopher Anderson reports

XIMEN MINING COMPLETES MAGNETIC, LIDAR SURVEYS AT BRETT EPITHERMAL GOLD PROPERTY SOUTHERN BC

During the 2022 field season, Ximen Mining Corp. conducted airborne lidar and magnetic surveys at its Brett property near Vernon, in Southern British Columbia.

A total of 54 square kilometres were covered by magnetic surveys, flown at 50-metre spaced flight lines. The lidar surveys covered a total of 12 square kilometres and included orthophotos. Data were collected with a Phoenix Ranger lidar scanner via a manned helicopter.

The Brett epithermal gold property covers 20,000 hectares located 30 kilometres west of Vernon, in Southern B.C. Since its discovery in 1983, a total of 160 diamond drill holes (20,945 metres) and several reverse circulation holes have been completed on the property. Most of the drilling targeted the Main zone, where high-grade gold is hosted in quartz-carbonate veins associated with a northwest-trending fault zone in argillic and silica-altered volcanic rocks of the Eocene Penticton group. The veins locally contain visible gold and show textures characteristic of an epithermal deposit, such as bladed calcite.

Mineralized sections of the Main zone include the Bonanza zone, with the RW vein and TR-21 sections, and the Northern Extension zone. Underground exploration was done in 1995/1996, including an exploration drift, raise and sublevel development under the Bonanza zone. A surface bulk sample was mined from the RW and TR-21 zones totalling 260 tonnes grading 27.74 grams per tonne (g/t) gold (Au) (Brett National Instrument 43-101, 2017). Parallel mineralized zones near the Main zone include the TR-1, Stockwork, 490 and Border zones. Farther from the Main zone are the New Discovery and East zones. The Gossan and West zones are large areas of altered rocks with local gold geochemical anomalies. New zones were also discovered with exploration campaigns conducted by Ximen in 2014 and 2016.

In 2022, Ximen initiated a review of all previous exploration work, generated new 3-D models of the mineralized zones, and reviewed surface and down hole geochemical results. This work will used to design further exploration drilling and exploratory surveys.

The 2022 helicopter magnetic and lidar surveys were done to provide base information for exploring for extensions to the Main and parallel zones. The magnetic results will be used to map the distribution of rock types beneath cover and identify possible demagnetized zones associated with mineralization. The lidar will be used to identify fault structures and to provide a detailed topographic base. Results will be used for generating targets for future exploration and drilling.

Readers are cautioned that historical records referred to in this news release have been examined but not verified by a qualified person. Further work is required to verify that historical records referred to in this news release are accurate.

Technical disclosure in this news release has been approved by Dr. Mathew Ball, PGeo, vice-president of exploration for Ximen Mining and a qualified person as defined by National Instrument 43-101.

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 are 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.

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