Ximen Mining Corp. Advancing Non-Dilutive Funding for Kenville Gold Mine Portal Development and Announces up to $350,000 Bridge Private Placement

Ximen Mining Corp. (TSXV: XIM) (FSE: 1XM) (OTC: XXMMF) (the "Company" or "Ximen") is pleased to provide an update on its efforts to secure non-dilutive funding for portal and mine development at the Kenville Gold Mine near Nelson, British Columbia and announce a bridge private placement of up to $350,000 expected to close September 25 th , to fund ongoing site operations over the next 30 days.

The Company is discussing a non-dilutive capital to fund mine development at Kenville, with the objective of reducing or avoiding equity dilution to shareholders to the extent achievable on acceptable terms. Ximen is currently negotiating with several groups regarding potential funding structures and hopes to finalize an arrangement within approximately the next 30 days. These discussions are ongoing and no definitive agreement has been entered into. There can be no assurance that any such financing will be completed, or completed within the anticipated timeframe or on terms currently under discussion. Further details will be announced if and when definitive arrangements are entered into.

To support operations at Kenville while the development funding is being finalized, the Company announces a non-brokered private placement of up to 4,375,000 units of the Company (the "Units") at a price of $0.08 per Unit for gross proceeds of up to $350,000 (the "Offering"). Each Unit will consist of one common share of the Company and one common share purchase warrant (a "Warrant"). Each Warrant will entitle the holder to purchase one additional common share of the Company at an exercise price of $0.12 for a period of 18 months from the date of issuance. The Units are hard-dollar units and are not flow-through units.

Proceeds from the Offering are intended to fund the continuation of operations on the ground at the Kenville Gold Mine near Nelson, British Columbia, and to serve as bridge capital to support near-term site execution while the Company works to secure longer-term funding for decline / portal development at Kenville, as described above.

The Company notes that site preparations at Kenville are well advanced: equipment is on site, power is connected, and remaining work is focused on moving into portal / decline construction once funding is in place. Management's current assessment is that no material incremental capital expenditures are required to advance portal / decline development beyond the funding needed to carry out that work, subject to remaining preconditions and permit conditions (including outstanding engineering deliverables such as foundation and mine-roads stability reports and flood retention pond works), contractor engagement, weather, and other customary factors. Work continues on site with a small crew. The Company remains focused on commencing portal construction toward the end of October 2026, subject to financing, the preconditions and permit conditions ...