Ximen Mining closes $147,000 private placement

Mr. Christopher Anderson reports XIMEN MINING CLOSES FINANCING Ximen Mining Corp. has closed the private placement previously announced on Dec. 29, 2025. The private placement consisted of 2.94 million units at a price of five cents per unit for gross proceeds of $147,000. Each unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 18 months from the date of issue, one additional common share of the issuer at an exercise price of 10 cents per share. All securities issued in connection with the placement closing will be subject to a hold period expiring on June 24, 2026. The net proceeds from the offering will be used by the company for exploration expenses on the company's British Columbia mineral properties and general working capital. The closing of the private placement financing is subject to final TSX Venture Exchange approval. The company paid a cash commission of $1,050 to Ventum Financial and issued 21,000 finder warrants. The company also paid a cash commission of $600 to Canaccord Genuity Corp. and issued 12,000 finder warrants. The finder warrants issued have the same terms as the private placement warrants. Christopher Anderson, a director and/or officer of the company, participated in the offering constituting a related party transaction pursuant to TSX-V Policy 5.9 and Multilateral Instrument 61-101, Protection of Minority Security Holders in Special Transactions. The company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the transaction did not exceed 25 per cent of the company's market capitalization. The company further announces that it has arranged a non-brokered private placement of seven million units at a price of five cents per unit for gross proceeds of $350,000. Each unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 18 months from the date of issue, one additional common share of the issuer at an exercise price of 10 cents per share. Finders' fees may be paid to eligible finders in accordance with the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders' fees are both subject to approval by the TSX-V. There is no material fact or material change of the company that has not been generally disclosed. The net proceeds from the offering will be used by the company for exploration expenses on the company's British Columbia mineral properties and general working capital. Directors, officers or other insiders of the company may participate in the foregoing offerings, and such parties may sell securities of the company owned or controlled by them personally through the facilities of the TSX-V to finance participation in such offerings. About Ximen Mining Corp. Ximen Mining owns 100-per-cent interest in three of its precious metal projects located in Southern British Columbia. 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 financing the development of the project. The company has also acquired control of the Kenville gold mine near Nelson, B.C., which comes with surface and underground rights, buildings and equipment. We seek Safe Harbor.