Mr. Christopher Anderson reports

XIMEN MINING CORP. PROVIDES KENVILLE SITE UPDATE AND TARGETS EARLY NOVEMBER PORTAL-FACE START

Ximen Mining Corp. has provided an update on site readiness at the Kenville gold mine near Nelson, B.C., as the company targets commencement of portal-face work in early November, 2026.

Site infrastructure and equipment

Site buildings and supporting infrastructure are in place at Kenville, including office and change facilities, shop capacity, and related surface works. Power is connected to site. Primary mining and surface equipment for the planned start of portal-face work is on site, with critical spare parts held for key items. Certain backup equipment and support items remain off-site and are available to be mobilized as needed.

Survey and portal preparations

The survey plan for facing of the new portal has been completed. The company is preparing to square the portal face and advance portal and decline work under its existing Mines Act authorization.

Crew

A start-up crew has been assembled for the planned portal-face work, including:

• Class 1 -- urban and close proximity blaster for surface blasting/portal square up;
• Class 2 -- underground blaster for all underground development;
• An experienced miner on-site; and
• A Level 3 first aid certified person, who will also take the role of occupational health and safety manager.

Additional crew members are planned to join as underground development advances, subject to operating needs.

Timing

The company is targeting the start of portal work in early November, 2026. This updates the original target date of the end of October, 2026, disclosed in the company's news releases of Sept. 15 and Sept. 18, 2026. The change reflects final site preparation and the need to complete remaining permit preconditions, including explosives storage and use authorization, before collaring the portal. Portal construction will commence once all safety protocols for explosives and overall site safety are established. The explosive magazines are on-site, and the company expects to have all requirements in place within the next two weeks to start portal construction and then the decline.

Financing

An update on financing is expected shortly. As previously disclosed on Sept. 18, 2026, the company has been in discussions regarding non-dilutive/development financing alternatives. Discussions are continuing, and no definitive agreement has been entered into. There can be no assurance that any financing will be completed, within any particular time frame, or on terms acceptable to the company. Further details will be announced if and when definitive arrangements are entered into.

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.

Andrew Randell, PGeo, president and chief executive officer of Aeonian Resources Corp., a qualified person as defined by National Instrument 43-101, reviewed and approved the technical information contained in this news release. Mr. Randell is independent of the company.

About Ximen Mining Corp.

Ximen Mining 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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