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Ximen Mining Corp to Complete Final Requirements to Start Kenville Gold Mine - Nelson, BC

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Ximen Mining Corp (OTC: XXMMF) updated progress at its Kenville Gold Mine near Nelson, BC on October 16, 2025. The company’s consultant engineer completed a culvert and runoff design for Fisherman Road and submitted it to the BC Ministry of Transportation and Infrastructure (MOTI). Construction of the culvert is planned for early spring and is required before mine construction can start, described as a major step toward breaking ground for a new underground decline. A water retention tank design is nearly complete, and engineering reports on building foundations and road stability remain required before pre-construction is finished.

Ximen Mining Corp (OTC: XXMMF) ha aggiornato i progressi presso Kenville Gold Mine vicino a Nelson, BC, il 16 ottobre 2025. L'ingegnere consulente dell'azienda ha completato un progetto di cunetta e drenaggio per Fisherman Road e lo ha presentato al BC Ministry of Transportation and Infrastructure (MOTI). La costruzione della cunetta è prevista per la prima parte della primavera ed è necessaria prima che possa iniziare la costruzione della miniera, descritta come un passo importante verso la fase di scavo per un nuovo declino sotterraneo. Un progetto di serbatoio di ritenzione dell'acqua è quasi completo, e i rapporti di ingegneria sulle fondazioni degli edifici e sulla stabilità della strada rimangono necessari prima che la pre-costruzione sia terminata.

Ximen Mining Corp (OTC: XXMMF) actualizó el progreso en su Kenville Gold Mine cerca de Nelson, Columbia Británica, el 16 de octubre de 2025. El ingeniero consultor de la empresa completó un diseño de alcantarilla y drenaje para Fisherman Road y lo presentó al BC Ministry of Transportation and Infrastructure (MOTI). La construcción de la alcantarilla está planeada para principios de la primavera y es obligatoria antes de que pueda comenzar la construcción de la mina, descrita como un paso importante para abrir terreno para un nuevo descenso subterráneo. Un diseño de tanque de retención de agua está casi completo, y siguen siendo necesarios informes de ingeniería sobre cimientos y estabilidad de las vías antes de terminar la preconstrucción.

Ximen Mining Corp (OTC: XXMMF) 님은 BC 주 Nelson 근처의 Kenville Gold Mine에서 2025년 10월 16일의 진행 상황을 업데이트했습니다. 회사의 컨설턴트 엔지니어가 Fisherman Road를 위한 배수로 및 배수 설계를 완료하고 이를 BC 교통인프라부(MOTI)에 제출했습니다. 준설 및 도랑 공사는 초봄에 계획되어 있으며 광산 공사를 시작하기 전에 필요하며, 새로운 지하 하강로를 위한 착공의 주요 단계로 설명됩니다. 수류 보존 탱크 설계가 거의 완료되었으며, 기본 공사와 도로 안정성에 대한 엔지니어링 보고서는 사전 공사 완료 전에 여전히 필요합니다.

Ximen Mining Corp (OTC: XXMMF) a fait le point sur ses progrès sur le Kenville Gold Mine près de Nelson, en Colombie-Britannique, le 16 octobre 2025. L’ingénieur consultant de l’entreprise a terminé un design de conduit de drainage et d'évacuation pour Fisherman Road et l’a soumis au Ministère des Transports et de l’Infrastructure de la Colombie-Britannique (MOTI). La construction du conduit est prévue pour le début du printemps et est nécessaire avant le démarrage de la construction de la mine, décrit comme une étape majeure pour lancer les travaux d’un nouveau déclin souterrain. Un design du réservoir de rétention d’eau est presque terminé, et des rapports d’ingénierie sur les fondations et la stabilité des routes restent requis avant la fin de la pré-construction.

Ximen Mining Corp (OTC: XXMMF) berichtete am 16. Oktober 2025 Fortschritte auf seinem Kenville Gold Mine in der Nähe von Nelson, BC. Der beratende Ingenieur des Unternehmens hat einen Rinnen- und Abflussentwurf für Fisherman Road abgeschlossen und ihn dem BC Ministry of Transportation and Infrastructure (MOTI) übermittelt. Der Bau des Rinnens ist für frühen Frühling vorgesehen und ist vor Baubeginn der Mine erforderlich, beschrieben als ein wichtiger Schritt, um mit dem Erdwerk für einen neuen unterirdischen Abstieg zu beginnen. Ein Entwurf für einen Wasseraufbewahrungstank ist fast abgeschlossen, und Ingenieurberichte über Baufundamente und Straßestabilität bleiben vor Beendigung der Vorbereitungsarbeiten erforderlich.

Ximen Mining Corp (OTC: XXMMF) قدمت تحديثاً عن التقدم في منجم كينفيل للذهب قرب نيليسُون، كولومبيا البريطانية، في 16 أكتوبر 2025. أكمل المهندس الاستشاري للشركة تصميماً لقناة صرف ومفيض لممر Fisherman Road وقدمها إلى وزارة النقل والبنية التحتية في كولومبيا البريطانية (MOTI). من المقرر أن يُجرى بناء قناة الصرف في أواخر الربيع وهو مطلوب قبل أن يبدأ بناء المنجم، ووصف بأنه خطوة رئيسية نحو بدء الحفر لافتتاح انخفاض تحت الأرض جديد. التصميم لخزان احتجاز المياه يقترب من الاكتمال، والتقارير الهندسية حول أسس المباني وثبات الطرق لا تزال مطلوبة قبل انتهاء أعمال ما قبل البناء.

Ximen Mining Corp (OTC: XXMMF) 在 2025 年 10 月 16 日更新了其位于不列颠哥伦比亚省 Nelson 附近的 Kenville Gold Mine 的进展。公司的顾问工程师完成了 Fisherman Road 的 涵洞及径流设计,并已提交给 BC 交通与基础设施部(MOTI)。涵洞的施工计划在 明春初,且在矿山开工前是必须完成的,被描述为新地下下降道开工的一个重要步骤。一个 蓄水池设计 已接近完成,关于建筑基础和道路稳定性的工程报告仍然是前期施工完成前所需要的。

Positive
  • Culvert and runoff design submitted to MOTI
  • Culvert construction planned for early spring
  • Water retention tank design is nearly complete
  • Company aims to break ground for new underground decline after pre-construction
Negative
  • Mine start depends on MOTI approval and permit timing
  • Engineering reports on foundations and road stability are still required
  • Construction timeline is conditional and only described as planned

Vancouver, British Columbia--(Newsfile Corp. - October 16, 2025) - Ximen Mining Corp. (TSXV: XIM) (FSE: 1XM) (OTC: XXMMF) (the "Company" or "Ximen") is pleased to provide this update on activities at its Kenville Gold Mine project near Nelson in southeastern BC.

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Lloyd Penner - Mine Manager at the Kenville Gold Mine Property

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The Company reports that its consultant engineer completed the design for a culvert and run off installation to construct a culvert across Fisherman Road and provided the design to the BC Ministry of Transportation and Infrastructure (MOTI). The culvert is a drainage diversion upgrade that is required to be in place before mine construction can be started. Construction of the culvert is planned for early spring. This is a major step forward towards starting the mine.

A design for a water retention tank to protect the drainage channel in case of a flood event is nearly completed, and an engineering report on mine site building foundations and road stability are also required to be completed.

The Kenville gold mine project continues moving forward. The Company is aiming to break ground for the new underground decline as soon as these pre-construction requirements are completed.

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"

Christopher R. Anderson,
President, CEO and Director
604 488-3900

Investor Relations: 604-488-3900, ir@XimenMiningCorp.com

About Ximen Mining Corp.

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Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects, 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 also 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.

This press release contains certain "forward-looking statements" within the meaning of Canadian securities This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management's beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ximen Mining Corp

888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/270578

FAQ

What did Ximen Mining (XXMMF) announce about the Kenville Gold Mine on October 16, 2025?

Ximen said its consultant engineer submitted a culvert and runoff design to MOTI and that culvert construction is planned for early spring before mine construction can begin.

How does the culvert design submission affect the Kenville (XXMMF) project timeline?

The submission is described as a major step forward; culvert construction is required before starting mine construction and is planned for early spring.

What remaining pre-construction items did Ximen (XXMMF) say are needed before breaking ground at Kenville?

A nearly completed water retention tank design plus engineering reports on site building foundations and road stability are still required.

When does Ximen expect to start construction on the new underground decline at Kenville (XXMMF)?

The company aims to break ground as soon as the pre-construction requirements, including the culvert and engineering reports, are completed.

Who approved the technical information in Ximen’s Kenville update (XXMMF)?

Dr. Mathew Ball, P.Geo., VP Exploration and a Qualified Person under NI 43-101, approved the technical information.
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