October 22, 2020

Press Release

Ximen Receives Assays from Amelia Property 103 G/T Gold /T & 1465 G/T Silver

Vancouver, B.C., Oct 22, 2020 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) is pleased to announce results from its Amelia property near Greenwood in southern British Columbia.

Photo of sample from the Fontenoy claim showing abundant galena.

Assay results were received recently from prospecting and geological work done earlier this season at the Company’s Amelia property. Results for a total of 34 rock chip grab samples were received. Ten of the samples returned significant gold results, three of which also retuned significant silver results (see table below).

Map showing locations and results for rock chip grab samples at Amelia property

The highest gold results were from the historic Cariboo-Amelia mine site from dump samples of quartz vein material mineralized with pyrite, chalcopyrite and sphalerite, and host rock argillite containing up to 40% disseminated fine-grained pyrite (see photos below).

Photos of vein samples from Cariboo-Amelia mine dumps, with pyrite, chalcopyrite and sphalerite mineralization

Photo of geologist in the historic Cariboo Amelia mine workings on Cariboo claim.

A sample from an historic dump on the Fontenoy claim assayed 1465 g/t silver. This sample consists of quartz carbonate and clay containing 20% galena (see photo below). The Fontenoy is situated almost one kilometer east from the historic Cariboo-Amelia mine and is likely a separate vein system.

A sample collected on the western side of the area from the historic Eureka mine dump assayed 2.24 g/t gold. The Eureka mine is situated a kilometer west of the Cariboo-Amelia mine on what is thought to be a continuation of the Cariboo vein. A considerable amount of vein material was removed from the Eureka occurrence, although there are no known production records (BC Minfile).

Follow-up exploration drilling is planned to test beneath the Cariboo-Amelia mine and trenching and drilling is planned to explore the east and western extensions.

Analyses disclosed in this release were conducted by ALS Global – Geochemistry Analytical Lab in North Vancouver, BC, Canada. ALS is an independent, fully accredited commercial laboratory. Gold was determined by the fire assay method using a 50-gram sample weight and ICP finish, with over-limits checked using a 50-gram sample weight and gravimetric finish. Other metals were analyzed as part of a 48-element package using a four-acid digestion and determination by ICP-MS. Over-limits for silver were determined by the fire assay method using a 50-gram sample weight and ICP finish, and over limits for silver, lead, zinc and copper by specific four-acid digestions with ICP-AES finish for high grade materials.

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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