Mr. Christopher Anderson reports

SEVENTH DRILL HOLE AT AMELIA GOLD PROJECT HITS MINERALIZATION - CAMP MCKINNEY, BC

Ximen Mining Corp. has released initial information from its seventh drill hole at the Amelia gold project in Camp McKinney near Rock Creek in Southern British Columbia.

Drilling was done to prove up extensions to the historic Cariboo-Amelia gold mine in Camp McKinney in the Greenwood mining division, B.C. The Cariboo-Amelia mine was B.C.'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 situated within a four-kilometre system of gold-quartz veins and historic workings.

The 2023 drill holes are testing the main McKinney vein beneath the eastern end of the historic mine. After the seventh drill hole was completed, a total of 1,846 metres of NQ-sized core were drilled. The target vein was intersected in four holes (AM23-01, 03, 05 and 07) between 30 and 45 metres below the lowest mine level and over a strike length of 150 metres.

The mineralized intercepts range in core length from 0.26 metre to 0.70 metre and contain pyrite, sphalerite, galena and chalcopyrite. Although visible gold has not been observed, 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 geological logging and sampling are completed.

Holes AM23-03, 04 and 05 also intersected a second mineralized vein about 50 metres south of the main vein that is also mineralized with pathfinder minerals. Its extent has yet to be determined.

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 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.

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, 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 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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