Mr. Christopher Anderson reports

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

Ximen Mining Corp. has completed hole 4 of its continuing drill program at the Brett epithermal gold project near Vernon in Southern British Columbia.

Hole B24-04 was drilled to the northeast across the Main zone and was designed to follow up an interval of 62.06 grams per tonne gold in historic hole B87-42.

Hole 4 drilled through porphyritic basalt with minor basalt breccia. The hole intersected four sections of feldspar-hornblende porphyry dike and four clay-pyrite altered sections. The first clay-pyrite altered zone from 27.25 to 28.33 (1.08 metres) was entirely within the volcanic unit and had moderate disseminated pyrite (2 per cent). The second clay altered zone was a large zone from 50.12 to 55.30 (5.18 m) with 2 per cent disseminated pyrite and occurs at the upper contact of the first porphyry dike. The third zone of clay-pyrite from 67.15 to 68.0 metres is a silicified fault breccia with clay altered rock fragments in a siliceous breccia matrix containing abundant fine pyrite (7 per cent). This zone occurs between the second and third sections of porphyry dike. The fourth clay-pyrite altered zone from 107.7 to 109.22 metres was entirely within volcanic rock and contained 3 to 5 per cent pyrite. This zone was a strong fault that was difficult to drill through. The target zone correlates with the pyritic breccia zone at 67.15 metres.

The Brett project (20,043 hectares) covers low-sulphidation epithermal-style gold mineralization hosted in the 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 altered zones that border and parallel 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 National Instrument 43-101, approved the technical information contained in this news release.

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 on the Frankfurt, Munich and Berlin stock exchanges in Germany under the symbol 1XM and WKN with the number as A2JBKL.

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