Mr. Christopher Anderson reports

XIMEN CONCLUDES 2023 DRILLING AT AMELIA GOLD PROJECT CAMP MCKINNEY, BC

Ximen Mining Corp. has completed its drill campaign for 2023 and demobilized equipment from the Amelia gold project in Camp McKinney near Rock Creek in Southern British Columbia. The outdoor temporary camp was disassembled and demobilized with the onset of winter conditions.

The Cariboo-Amelia mine was British Columbia's first dividend paying gold mine. Over its 68-year history, the mine produced 81,602 ounces of gold and 32,439 ounces of silver from 112,254 tonnes milled (B.C. Minfile records).

The mine is part of a four-kilometre-long system of gold-quartz veins and historic workings. Ximen is planning to continue testing this system, working outwards from the mined area.

Ximen completed eight NQ-size drill holes for a total of 2,064 metres testing the down-dip extension of the historic Cariboo-Amelia gold mine. The target vein was intersected in five holes (AM23-01, 3, 5, 7 and 8) between 30 and 45 metres below the lowest mine level and over a strike length of 150 metres.

The mineralized intercepts contain pyrite, sphalerite, galena plus/minus chalcopyrite and pyrrhotite. Hole AM23-07 intersected multiple zones. Hole AM23-08 intersected the vein within mineralized quartz stringer alteration zone. The vein consisted of blue quartz containing fine grained pyrite. The blue quartz is a local mine term for grey quartz that typically contains gold. Visible gold has not been observed, but this sulphide mineral assemblage is the same as that reported to occur in the vein where it was mined historically. Core samples will be sent for analysis once the sampling is completed.

Holes AM23-03, 04, 05 and 08 intersected a second mineralized vein about 50 metres south of the main vein that is also mineralized with sulphide minerals typically associated with high gold grades.

Holes AM23-02, 04 and 06 targeted the zone at greater depths but did not intersect the vein. It is likely that the vein has been displaced by faults similar to those which occur in the upper levels of the mine, where the vein is displaced a relatively short distance to the south by flat-lying faults.

Over all, the results indicate there is excellent potential for more tonnes to be mined below the lowest level of the mine workings and that there is potential for additional material in parallel zones. A better understanding of the vein system has been gained, which will be used to select additional targets along strike.

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.

Dr. Mathew Ball, PGeo, vice-president of exploration for Ximen Mining and a qualified person as defined by National Instrument 43-101, approved the technical information contained in this news release.

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, 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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