Mr. Christopher Anderson reports

XIMEN MINING CORP DRILLING UPDATE: BRETT EPITHERMAL GOLD PROJECT - VERNON BC

Ximen Mining Corp. has provided an update on hole 3 of its continuing drill program at the Brett epithermal gold project near Vernon in Southern British Columbia.

Hole B24-03 has been completed. This hole was designed to follow up on an interval from hole B04-12 that yielded 168.48 grams per tonne gold from a 148.9-metre to 150.2-metre depth.

Hole B24-03 intersected a clay-pyrite-altered zone from 37.89 to 39.65 m (1.76 m) with 5 per cent disseminated pyrite, which overlaps the contact of a porphyry dike intersected from 39.52 to 45.27 m that contains amethystine quartz veinlets (porphyry dike is altered). In the footwall of the dike, the hole passed into tuff to 85.14 m, and then back into mixed tuff, breccia and massive volcanic. A second porphyry dike was intersected from 127.51 to 136.26 m that contains minor amethystine quartz veinlets, with a clay-altered zone on its footwall contact from 135.82 to 136.26 (0.44 m) with 2 per cent pyrite. A third clay-altered zone was intersected at 146.26 to 147.3 (1.04m ) with 2 per cent pyrite on the upper contact of another porphyry dike that was intersected from 144.73 to 148.45 m. A fourth clay-altered zone was intersected in the volcanic rock from 150.96 to 151.8 (0.84 m) with 2 per cent pyrite. The hole ended at 155 m. The target zone correlates with the altered zone between 146.26 and 147.30 metres.

The Brett project (20,043 hectares) covers low-sulphidation epithermal-style gold mineralization hosted in Eocene Penticton group volcanic rocks. Epithermal-style gold mineralization was discovered in 1983, and a 291-tonne surface bulk sample was shipped to the smelter at Trail, B.C., in the 1990s that averaged 27.74 grams per tonne gold and 63.7 grams per tonne silver (Brett 2017 National Instrument 43-101 report). Multiple zones of mineralization occur over a two-kilometre strike, including both bulk-minable and bonanza high-grade styles. Ximen conducted lidar and airborne magnetic surveys over parts of the Brett property in 2022. Interpretation, 3-D modelling and target refinement were then completed in preparation for the 2024 drilling program.

The overall objective of the drill program is to extend the Main zone to the southeast and at depth, and to test for extensions to the New Discovery zone (located east of the Main zone).

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, a qualified person as defined by NI 43-101, approved the technical information contained in this news release.

About Ximen Mining Corp.

Ximen 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 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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