June 9, 2020

Press Release

Ximen Mining Covers EM Target Expands Land Position at Ymir Protection Gold Mine Properties

Vancouver, B.C., June 09, 2020 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) is pleased to announce that it has acquired additional claims near Ymir in southern British Columbia. The property is located about 30 km south of Nelson, BC and 3 km east of the town of Ymir along Highway 6.

Map showing Total Magnetic Field for geophysical survey area near Ymir.

Three new claims covering approximately 2,294 hectares were acquired via the BC Mineral Titles Online system by Ximen. These claims adjoin the Ymir Protection mine property acquired last week. The new claims were staked to cover the mineralized trend extending northeast from the Arizona mine. Part of this area was flown in 2007/8 by Fugro Airborne Surveys Corp. for a helicopter-borne geophysical survey, using the DIGHEM electromagnetic system and a cesium vapor magnetometer. The purpose was to identify the geophysical signature of known mineralized shear-hosted vein systems and trace these signatures along strike to the northeast in search of similar deposits. There are several mineralized vein systems covered by the airborne survey.

Map showing new claims, geophysical survey boundary and current Ximen properties in Nelson-Salmo area.

The new claims add to the total land package that Ximen has assembled since first acquiring the Kenville gold mine. Earlier this year, properties were acquired from Emgold Mining Corporation, Klondike Gold Corp. and 49er Creek Gold Corp. Ximen’s land package in the Nelson-Ymir-Salmo area now amounts to approximately 18,889 hectares.
Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, approved the technical information contained in this News Release.

Investor Relations: Sophy Cesar, 604-488-3900, ir@XimenMiningCorp.com

On behalf of the Board of Directors,

Christopher R. Anderson,
President, CEO and Director
604 488-3900

Investor Relations: Sophy Cesar, 604-488-3900, ir@XimenMiningCorp.com

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