Mr. Christopher Anderson reports

XIMEN MINING CLOSES FIRST TRANCHE OF FINANCING

Ximen Mining Corp. has closed the first tranche of the private placement previously announced on Aug. 3, 2023. The first tranche consisted of eight million units for gross proceeds of $480,000. The private placement consisted of units at a price of six 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 eight cents per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of 10 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 20 days from the date of providing such notice.

All securities issued in connection with the placement closing will be subject to a hold period expiring on Dec. 12, 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.

There were no finders' fees payable on this placement.

About Ximen Mining Corp.

Ximen owns a 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 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.