Mr. Christopher Anderson reports

XIMEN MINING RECEIVES DRAFT PERMIT FOR REVIEW KENVILLE GOLD MINE

Further to its news release of Dec. 16, 2022, Ximen Mining Corp. has now received the first draft of one of two permits expected for the Kenville gold mine. The company management received the draft environment permit for review on Friday, Dec. 23, 2022, and has had an initial look at the terms and conditions; and everything appears to be in order and as expected.

In summary

Most items have been discussed and agreed to over the last three years and have already been addressed, such as construction of the discharge channel. The balance of items is mostly related to clerical and administrative clarity (example: update site plans A and B in a scale of eight-by-11 or 11-by-17 format with new legends). Once the remaining items have been addressed and the company has had time to give the permit a final review, the final EMS permit will be issued.

The company is also waiting on a second draft permit from the mines department. In calls and discussions last week, the company can see the end is very near. Currently, the task at hand is to digitize some existing historic reports for the completion of determining the bond amount and precise boundary of the area of the permit. There is nothing unexpected and things appear to be straightforward from here. Once the bond amount in determined and the permit boundary defined, the company expects to immediately receive a draft for final review.

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

About Ximen Mining Corp.

Ximen Mining owns 100-per-cent interest in three of its precious metal projects located in Southern British Columbia. 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.

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 exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

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