June 11, 2024

Press Release

Ximen Mining Corp. Initiates First Phase Program With Energy Plug

Vancouver, British Columbia (June 11, 2024)Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”)  is excited to announce the signing of its first battery contract with Energy Plug to install a 20kWh Battery Energy Storage Systems (“BESS”) at Ximen’s Kenville Gold Mine in Nelson, BC.

“When we decided to enhance our clean energy efforts to support the Kenville Gold Mine, choosing Energy Plug was an obvious decision,” said Christopher R. Anderson, President, CEO, and Director of Ximen. “Energy Plug’s innovative technology will seamlessly integrate into our current infrastructure, offering vital support to our energy systems and significantly advancing our progress towards achieving our net-zero emissions goals.”

Earlier this year, Ximen entered into an agreement with Energy Plug for a comprehensive two-phase program aimed at generating clean electricity for our Kenville Gold Mine. This initiative will focus on harnessing renewable power sources, particularly solar and hydropower. In the first phase of this program, Energy Plug will provide and support the installation of a solar power-connected 20kWh Lithium-Iron Phosphate battery system. This system will play a crucial role in mitigating blackouts and brownouts, significantly lowering our reliance on diesel, and advancing our commitment towards achieving net-zero emissions.

The second phase of the energy program is expected to include the installation of a 100kWh BESS at the Kenville Gold Mine. The BESS systems will be designed to accommodate high power consumption equipment including compressors and ventilation systems. Once installed, the BESS system will allow Ximen to store energy during off-peak hours and supply it back during peak load periods, increasing the energy efficiency of the mine site, and reducing strain on the site’s grid system.

“Energy Plug is committed to helping organizations of all sizes tap into battery storage technologies to support climate objectives and reduce energy costs,” said Broderick Gunning, Energy Plug President & CEO. “We’re pleased to be working alongside Ximen to deliver a clean energy program that will support its critical infrastructure and balance its energy supply with renewable energy sources, validating the important role of BESS for sustainable energy.”

About Energy Plug Technologies Corp.

Energy Plug Technologies Corp. is an energy technology company, dedicated to innovation and sustainability. With a focus on assembling customized Lithium Iron Phosphate Battery packs, we cater to a diverse range of residential, commercial, and industrial storage needs. Our goal is to advance battery technologies to enhance energy management and grid resiliency. Based in British Columbia, we seek to leverage strategic partnerships with local Indigenous communities, and the development of a vertically integrated supply chain involving industry-leading companies in Taiwan to provide advanced solutions to our customers and partners. For more information about Energy Plug, visit our website at https://energyplug.com.

About Ximen Mining Corp.

Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen’s two Gold projects are 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 funding the development of the project. The company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

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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