Mr. Christopher Anderson reports

XIMEN MINING CORP. ADVANCING NON-DILUTIVE FUNDING FOR KENVILLE GOLD MINE PORTAL DEVELOPMENT AND ANNOUNCES UP TO $350,000 BRIDGE PRIVATE PLACEMENT

Ximen Mining Corp. has provided an update on its efforts to secure non-dilutive financing for portal and mine development at the Kenville gold mine near Nelson, B.C., and has arranged a bridge private placement of up to $350,000 expected to close Sept. 25, to finance continuing site operations over the next 30 days.

Non-dilutive financing for portal development

The company is discussing a non-dilutive capital to finance mine development at Kenville, with the objective of reducing or avoiding equity dilution to shareholders to the extent achievable on acceptable terms. Ximen is currently negotiating with several groups regarding potential financing structures and hopes to finalize an arrangement within approximately the next 30 days.

These discussions are in progress, and no definitive agreement has been entered into. There can be no assurance that any such financing will be completed, or completed within the anticipated time frame or on terms currently under discussion. Further details will be announced if and when definitive arrangements are entered into.

"Our priority is to build Kenville without giving away the upside our shareholders have waited for," said Christopher R. Anderson, president and chief executive officer of Ximen. "We are in active discussions with several groups on non-dilutive funding for the portal and mine development, and we are encouraged by the level of interest. The site is ready, the equipment is there and the power is on. This small bridge financing keeps our crew working and keeps us on schedule while we work to finalize the larger funding package over the next 30 days."

Bridge private placement

To support operations at Kenville while the development financing is being finalized, the company announces a non-brokered private placement of up to 4,375,000 units of the company at a price of eight cents per unit for gross proceeds of up to $350,000.

Each unit will consist of one common share of the company and one common share purchase warrant. Each warrant will entitle the holder to purchase one additional common share of the company at an exercise price of 12 cents for a period of 18 months from the date of issuance. The units are hard-dollar units and are not flow-through units.

Use of proceeds

Proceeds from the offering are intended to finance the continuation of operations on the ground at the Kenville gold mine near Nelson, B.C., and to serve as bridge capital to support near-term site execution while the company works to secure longer-term financing for decline/portal development at Kenville, as described above.

Site readiness and timeline

The company notes that site preparations at Kenville are well advanced: equipment is on site, power is connected and remaining work is focused on moving into portal/decline construction once financing is in place. Management's current assessment is that no material incremental capital expenditures are required to advance portal/decline development beyond the financing needed to carry out that work, subject to remaining preconditions and permit conditions (including outstanding engineering deliverables such as foundation and mine-road stability reports and flood retention pond works), contractor engagement, weather, and other customary factors.

Work continues on site with a small crew. The company remains focused on commencing portal construction toward the end of October, 2026, subject to financing, the preconditions and permit conditions noted above, weather, contractor availability, and other customary factors.

Portal contractors

Ximen is also in discussions with potential contractors regarding portal development. The company expects to provide a further update on contractor engagement in due course.

Offering terms

The offering is subject to acceptance by the TSX Venture Exchange. The securities issued under the offering will be subject to a hold period of four months and one day from the date of closing under applicable Canadian securities laws. No finders' fees will be paid in connection with the offering. Closing is subject to customary conditions, including receipt of all required regulatory approvals.

Insiders of the company may or may not participate in the offering. Any participation will be on the same terms as arm's-length subscribers and will be disclosed in accordance with applicable securities laws upon closing.

About Ximen Mining Corp.

Ximen acquired the Kenville gold mine near Nelson, B.C., including all surface and underground property and mineral rights, buildings, and equipment. The company also owns a 100-per-cent interest in three of its precious metal projects located in Southern British Columbia, including 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.

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 A3E2DA.

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