Mr. Christopher Anderson reports

XIMEN MINING CORP: BRETT EPITHERMAL GOLD PROJECT DRILLING HOLE 5

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

Hole B24-05 was drilled at 45-degree inclination to the northeast to test the Border zone, an alteration zone situated west of the Main zone, and to test 40 metres southeast of an intercept of 16.7 grams per tonne gold from hole 14-13 between 176.0 and 177.5 metres.

B24-05 intersected multiple altered and mineralized zones and three porphyry dikes. The first 15 metres consisted of weathered and argillic altered volcanic rock. From 18.0 to 24.63 metres, a sulphide zone was intersected that consists of pyrite veinlets and/or replacement of volcanic breccia matrix, with fine quartz veinlets. Total sulphide content for the interval is 5 to 10 per cent. Five clay-pyrite mineralized zones were intersected at 31.27 to 34.30 metres (3.03 metres), 51.15 to 60.42 metres (9.27 m), 149.60 to 150.76 metres (1.16 m), 216.38 to 219.49 metres (3.11 m) and 231.07 to 232.81 metres (1.74 m). Pyrite content in these zones ranges between 2 and 10 per cent. The volcanic rocks are silicified adjacent to and between the zones at 213.2 and 231.07 metres with up to 1 per cent disseminated pyrite. A quartz vein breccia was intersected between 154.0 and 154.2 metres that contains 1 to 3 per cent pyrite. Porphyry dikes were intersected at 86.23 to 92.60, 232.81 to 238.79 and 252.28 to 258.65 metres. The dike at 232.81 metres is moderately clay and silica altered.

The initial sulphide zone intersected in hole B24-05 and the altered intervals at 31.27 and 51.15 metres correlate with the West zone. The Border zone, which contains the 16.7 g/t intercept in hole 14-13, correlates with the alteration at 149.60 to 150.6 m or possibly the quartz breccia at 154.0 m. The Main zone correlates with the alteration intersected at 216.38 and possibly the zone at 231.07 m. The porphyry dike intersected at 232.81 metres correlates with the dike associated with the Main zone.

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 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.

About Ximen Mining Corp.

Ximen owns a 100-per-cent interest in three of its precious metal projects located in Southern B.C. Ximen has 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 1XM and WKN with the number as A2JBKL.

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