Mr. Christopher Anderson reports

XIMEN MINING CLOSES FINANCING

Ximen Mining Corp. closed its previously announced non-brokered private placement on Dec. 27, 2024, of five million flow-through units at a price of eight cents per share for gross proceeds of $400,000. Each flow-through share 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.

All securities issued in connection with the placement closing will be subject to a hold period expiring on April 28, 2025. The company paid a cash commission of $24,000 and issued 300,000 finder's warrants to PB Markets Inc. The finder warrants are valid for three years from closing with an exercise price of eight cents.

The closing of this private placement financing is subject to final TSX Venture Exchange approval.

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) as 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 FT 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 FT shares with an effective date no later than Dec. 31, 2024.

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 to 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 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.

We seek Safe Harbor.