Ximen Mining Corp Engineered Mine Design Initiated for Kenville Underground Project

Recent Operational Progress

• Ximen Mining Corp has initiated engineering work on detailed mine design drawings for the planned underground development at the Kenville mine project.
• Closure plans and cost estimates for the New Venango, 257, and 275 portals have been submitted to the Ministry of Energy and Critical Minerals.
• The new underground decline is designed to access gold-bearing quartz veins identified in previous surface drilling west and south of the historic Kenville mine.

Incremental Progress vs. Market Expectations

• The news is consistent with previous announcements regarding the "final stretch" before construction commencement made in April 2026.
• No new capital raised or resource estimates updated; this is a procedural milestone rather than a value-accretive event.
• The market likely anticipated these engineering submissions given the water license approval and prior portal closure plan updates.

Project Focus

• Primary asset is the Kenville Gold Mine project in Nelson, British Columbia.
• Flagship initiative involves constructing a new underground decline to access gold-bearing quartz veins intersected in surface drilling.
• Secondary exploration focus includes the Brett Project (Vernon, BC), where high-grade intercepts were reported in late 2025.