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Ximen Mining Corp Water Retention Plan Next Step for Kenville Mine Project — Nelson BC

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Ximen Mining Corp Water Retention Plan Next Step for Kenville Mine Project — Nelson BC

Executive Summary

Ximen Mining Corp has taken another important step forward in developing its Kenville mine project in the historic Nelson mining camp of southeastern British Columbia. The company's engineering and environmental consultants completed site work to finalize a water retention works design, which must be submitted to the Ministry of Energy and Critical Minerals for approval before construction can begin under the project's Mines Act permit.

This permitting milestone represents critical progress in Ximen's broader strategy to advance the Kenville project toward construction. The immediate objective is to build a new underground decline that will provide access to multiple gold-bearing quartz veins located west and south of the historic mine workings. These targets were previously identified through surface drilling programs, indicating the potential to expand the known mineralization.

The systematic approach to permitting and engineering design demonstrates Ximen's commitment to regulatory compliance and environmental stewardship as it moves the project through development phases. The involvement of qualified environmental and engineering consultants, along with oversight by Dr. Mathew Ball as the project's Qualified Person, ensures technical rigor in the advancement process.

For the broader British Columbia mining sector, this development reflects continued activity in established mining districts where modern techniques can unlock additional value from historically productive areas. The Nelson mining camp has a long history of gold production, and projects like Kenville demonstrate how contemporary exploration and development can build upon this legacy while meeting current regulatory and environmental standards.
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Press Release

Vancouver, B.C., May 8th, 2026 – Ximen Mining Corp. (TSX.v: XIM) (FSE: 1XM) (OTC: XXMMF) (the “Company” or “Ximen”) is pleased to provide the following update on its Kenville mine project, located in the historic Nelson mining camp in southeastern B.C.

Consultant Engineer and Mine Manager at Kenville mine site

The Company reports that its engineering and environmental consultants were on the mine site last week to coordinate their input on completion of a water retention works design. The engineered design is required to be submitted to the Ministry of Energy and Critical Minerals for approval prior to commencement of construction. This item is required prior to mine construction under the Mines Act permit for the Kenville mine project.

This is a key step in the work being done by the Company to advance this project toward construction of the new underground decline. The objective of the decline is to access multiple gold-bearing quartz veins in the areas west and south of the historic mine that were intersected in surface drill holes.

Dr. Mathew Ball, P.Geo., VP Exploration for Ximen Mining Corp. and a Qualified Person as defined by NI 43-101, reviewed and approved the technical information contained in this News Release.

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