XIMEN MINING CORP - XXMMF STOCK NEWS

Ximen Mining Corp (OTCQB:XXMMF) has commenced its 2022 exploration program focused on the Nelson property in southeastern BC, covering approximately 21,300 hectares. Initial activities include sampling at the Wilcox mine dump and tailings, which revealed a gold-bearing tailings deposit with an average grade of 2.39 grams per tonne. The program builds on 2021 efforts, with upcoming drilling at the California gold mine. Soil sampling indicates elevated gold, silver, and copper values, notably near the Kenville mine. Historical records require further verification.

Ximen Mining Corp (OTCQB: XXMMF) has successfully closed the final tranche of its private placement, raising $90,000 through the issuance of 600,000 units priced at $0.15 each. Each unit includes one share and one purchase warrant, exercisable for $0.25 per share for 24 months. The company plans to use the net proceeds for exploration and working capital. The financing is pending TSX-V approval. Ximen Mining owns several precious metal projects in British Columbia, including gold and silver interests.

Ximen Mining Corp. has successfully closed the first and second tranches of a private placement, raising gross proceeds of $1,322,510. The placement involved issuing 8,816,733 units at $0.15 each, with each unit comprising one common share and one purchase warrant exercisable at $0.25 for two years. The proceeds will fund exploration activities in British Columbia and for general working capital. Notably, a director participated in the offering, qualifying it as a related party transaction.

Ximen Mining Corp (OTCQB:XXMMF) has announced a non-brokered private placement of 10 million units priced at $0.15 each, aiming to raise $1,500,000. Each unit consists of one common share and a warrant, allowing the purchase of an additional share at $0.25. Proceeds will fund exploration in British Columbia and working capital. Insiders may participate, and a finder's fee may be paid subject to TSX Venture Exchange approval. All securities are under a four-month hold period from closing.

Ximen Mining Corp. has secured steel sets for the construction of the new 1200 Meter Portal at the Kenville Gold Mine, despite facing supply shortages. The portal will support ground cover and aims to provide local jobs with a small environmental footprint. Key facilities, including a lab and temporary housing, are expected to arrive promptly to ensure a smooth development process. CEO Chris Anderson emphasized the company's commitment to community support and timely project execution.

Ximen Mining Corp (OTCQB: XXMMF) has engaged Native Ads Inc for strategic digital media services, budgeting CAD$250,000 over the next 12 months. The campaign encompasses digital marketing, content development, and analytics, leveraging Native Ads' access to 3-7 billion daily ad impressions in North America. The appointment is pending approval from the TSX Venture Exchange. Ximen Mining operates several precious metal projects in southern BC, including the Amelia Gold Mine and the Treasure Mountain Silver Project.

Ximen Mining Corp (OTCQB: XXMMF) is preparing to commence a drilling program at its Bud-Elk property in southeastern British Columbia, with drilling scheduled to start in April 2022. The program aims to explore targets for disseminated gold-copper mineralization. Historical production from the Morrison occurrence includes 230 ounces of gold and 23,637 pounds of copper. Ximen has secured permits for 40 holes, allowing for up to approximately 10,000 meters of drilling this year. In addition, the company has granted stock options and RSUs to its employees and directors.

Ximen Mining Corp (OTCQB: XXMMF) has completed a VTEM geophysical survey over its Providence and Bud-Elk properties in southeastern BC, identifying potential targets for gold and copper mineralization. The survey revealed significant magnetic and conductive features associated with known mineral deposits, including historic mines. High magnetic responses suggest areas of interest for further exploration, with the company holding permits for up to 14,000 meters of drilling. The results warrant follow-up investigations, enhancing the prospectivity of the properties.

Ximen Mining Corp. has announced significant progress on its Kenville Gold Mine project, with a draft permit for development and underground drilling expected from the Ministry of Energy, Mines and Low Carbon Innovation within 30 days. A secured funding of US$5,000,000 has been arranged, facilitating the project's launch in 2022. The Kenville Gold Mine, historically a significant producer, aims to begin operations with minimal environmental impact, promising economic benefits and job creation in the region.