May 23, 2023

Press Release

Ximen Mining Receives Water Use Permit and Advances Drilling Plans for Amelia Gold Mine — Greenwood BC

Vancouver, B.C., May 23, 2023 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) announces that it has received a water use approval for its Amelia project near Rock Creek in southern B.C.

Image showing Amelia property and main gold-quartz veins

Ximen assembled a land position covering over 3,446 hectares surrounding and including the historic Amelia gold mine (see figure above). Historic production from the Cariboo-Amelia was 81,602 ounces of gold, 32,439 ounces of silver, 113,302 pounds of lead and 198,140 pounds of zinc. The average recovered gold grade was 24.68 grams per tonne gold (from BC Minfile).

“Ximen Mining has had an excellent start this year, obtaining all the necessary permits for the execution of plans at the Kenville Gold mine. Additionally, progress on the drilling activities at the Amelia site is also going well. It is noteworthy that Kenville was one of the first gold mines to be put into production in southern BC, and Amelia was the first dividend-paying gold mine in the same region. Ximen Mining proudly owns both of these valuable assets in their entirety,” states Anderson, CEO.

Historic Data indicates excellent potential in the historic mine, as indicated in the diagram below:

Long Section view of the Amelia Gold mine showing
historic drifts and shafts (black) and target area (green)

Under the Water Sustainability Act, in November of 2021 the Company applied for a short term water use permit to draw from various water sources in the area of its Amelia property for drilling. Local sources of water are fully recorded so additional sources were identified that require long distance pumping or trucking of water to drill sites. The Ministry of Forests granted the permit earlier this year. The permit will allow periodic extraction of water from five points of diversion, subject to conditions.

Photo of swamp at Eureka vein target showing example of local water source

The Company is pleased to have this permit in place, which will allow it to proceed with plans for drilling at the Amelia property.  Drilling is planned for this season.

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,

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