Mr. Christopher R. Anderson reports

XIMEN MINING CLOSES FINANCING

Ximen Mining Corp. has closed the private placement previously announced on May 3, 2023, for gross proceeds of $600,000. The private placement consisted of six million units at a price of 10 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 15 cents per share.

All securities issued in connection with the placement closing will be subject to a hold period expiring on Sept. 20, 2023.

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 Venture Exchange approval.

The company also announces that it is proceeding with a share-for-debt filing to pay outstanding debts of $248,256.48 to an arm's-length party. Approximately 1,655,043 shares in the capital stock of the company will be issued to pay these outstanding payables. The share-for-debt agreement is subject to TSX Venture Exchange acceptance and, if issued, will be subject to the customary four-month hold period.

About Ximen Mining Corp.

Ximen Mining owns a 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 a 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.

We seek Safe Harbor.