Ximen Mining Provides Further Update on its 100% Owned Kenville Gold Mine Permits

Rhea-AI Summary

Ximen Mining Corp (OTCQB: XXMMF) has submitted final responses for its environmental permit and is in talks with the Ministry of Environment and Climate Change to finalize all issues. The issuance of the final environmental permit is anticipated post-review. The company has also completed submissions for the Mines permit and expects a draft permit shortly. Communication with authorities has been positive, signaling progress. Ximen owns three precious metal projects in southern BC, including the Kenville Gold Mine, and is committed to advancing these projects.

Positive

• Final environmental permit responses are submitted, indicating progress.
• Anticipated issuance of the final environmental permit after reviews.
• Submission of digitized historic reports for the Mines permit is completed.
• Timely communication with relevant authorities shows a collaborative effort.

Negative

• None.

Nelson BC

VANCOUVER, BC / ACCESSWIRE / January 12, 2023 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") is pleased to announce that the Company has submitted its final responses to the draft environmental permit. The Company will now have a meeting with the Ministry of Environment and Climate Change Strategy to confirm all issues have been concluded. Once we have completed our meeting and the review period has officially concluded the Company expects the final environmental permit will be issued.

Regarding the Mines permit, all the digitized files of the existing historic reports have been submitted. Discussions with the Ministry of Energy, Mines and Low Carbon Innovation for the completion of determining the bond amount and precise boundary of the area of the permit should be finalized within days. The Company then expects to immediately receive a draft permit for review and approval by Ximen.

Communication has been open and timely with all parties, and it is apparent that everyone is working in a best effort to finalize these permits so that Ximen can begin work. Once again, we appreciate our shareholders ongoing patience and support.

Readers are cautioned that historical records referred to in this News Release have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to in this News Release are accurate.

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:
Sophy Cesar,
604-488-3900
ir@XimenMiningCorp.com

About Ximen Mining Corp.

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

SOURCE: Ximen Mining Corp.

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https://www.accesswire.com/734959/Ximen-Mining-Provides-Further-Update-on-its-100-Owned-Kenville-Gold-Mine-Permits

FAQ

What is the status of the environmental permit for Ximen Mining Corp (XXMMF)?

Ximen Mining Corp has submitted final responses for the environmental permit and expects it to be issued after concluding the review period.

When can Ximen Mining Corp expect to receive its Mines permit?

Ximen Mining Corp anticipates receiving a draft permit for its Mines project within days, following the completion of submissions.

What projects does Ximen Mining Corp own?

Ximen Mining Corp owns three precious metal projects in southern BC, including the Kenville Gold Mine, the Amelia Gold Mine, and the Brett Epithermal Gold Project.

Are there any current developments regarding the Kenville Gold Mine permits?

Yes, Ximen has submitted the necessary documentation for the Kenville Gold Mine permits and is in active discussions with regulatory authorities.

How is Ximen Mining Corp communicating with regulatory authorities?

Ximen Mining Corp has maintained open and timely communication with regulatory authorities, ensuring a collaborative approach to finalizing permits.