Mr. Christopher Anderson reports

XIMEN MINING AMENDS FINANCING

Ximen Mining Corp. has amended the previously announced private placement of Dec. 23, 2024, to the following terms. The non-brokered private placement will now be for five million flow-through units at a price of eight cents per unit for gross proceeds of $400,000. Each flow-through unit consists of one common share that qualifies as a flow-through share as defined in Subsection 66(15) of the Income Tax Act and one common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow-through common share at the price of 12 cents for 36 months after closing.

The net proceeds from the offering will be used by the company for exploration expenses on the company's British Columbia mineral properties.

The flow-through shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada)). An amount equal to the gross proceeds from the issuance of the flow-through shares will be used to incur eligible resource exploration expenses, which will qualify as: (i) Canadian exploration expenses (as defined in the tax act); and (ii) flow-through critical mineral mining expenditures (as defined in Subsection 127(9) of the tax act). Qualifying expenditures in an aggregate amount not less than the gross proceeds raised from the issue of the flow-through shares will be incurred (or deemed to be incurred) by the company on or before Dec. 31, 2025, and will be renounced by the company to the initial purchasers of the flow-through shares with an effective date no later than Dec. 31, 2024.

A finder's fee may be paid to eligible finders in accordance with the TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and the payment of finders' fees are both subject to approval by the TSX-V.

About Ximen Mining Corp.

Ximen Mining is focused on acquiring high-grade gold assets in Southern British Columbia, with easy access and solid infrastructure. Ximen aims to build a gold mining company with the blue-sky potential of a land package with multimillion ounces of gold targeting over 10 million ounces. Ximen strives to always take a 100-per-cent interest in all its projects and assets. The company has bought out all the possible net smelter return royalties on its key mineral precious metal assets and several other assets in the vicinity of its holdings. Simultaneously, Ximen is advancing the Kenville gold mine forward and on the path toward production. The focus remains on meeting all the established targets while at the same time maintaining aversion toward debt and dilution, all while moving forward with responsible development and sustainable mining and exploration practices building ethical and sustainable value.

Ximen is a publicly listed company trading on the TSX-V 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 1XMA (WKN: A2JBKL).

We seek Safe Harbor.