January 12, 2023

Press Release

Ximen Mining Provides Further Update on its 100% Owned Kenville Gold Mine Permits — Nelson BC

Vancouver, B.C., January 12, 2023 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) is pleased to announce that the Company has submitted its final responses to the draft environmental permit. The Company will now have a meeting with the Ministry of Environment and Climate Change Strategy to confirm all issues have been concluded. Once we have completed our meeting and the review period has officially concluded the Company expects the final environmental permit will be issued.

Regarding the Mines permit, all the digitized files of the existing historic reports have been submitted. Discussions with the Ministry of Energy, Mines and Low Carbon Innovation for the completion of determining the bond amount and precise boundary of the area of the permit should be finalized within days. The Company then expects to immediately receive a draft permit for review and approval by Ximen.

Communication has been open and timely with all parties, and it is apparent that everyone is working in a best effort to finalize these permits so that Ximen can begin work.   Once again, we appreciate our shareholders ongoing patience and support.

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.

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.

On behalf of the Board of Directors,

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

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

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