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

Rhea-AI Summary

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.

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.

Lloyd Penner - Mine Manager at the Kenville Gold Mine Property

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/270578_d5a3fee294146967_001full.jpg

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.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/3028/270578_d5a3fee294146967_002full.jpg

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.