Ximen Mining Corporate Update

Ximen Mining Corp. has announced an amendment to its previously disclosed non-brokered private placement, expanding the offering to include 8 million units priced at $0.05 per unit for gross proceeds of $400,000. This represents an adjustment to the financing originally announced on February 24, 2026, indicating management's ability to secure additional capital in the current market environment.

The financing structure includes warrants with an 18-month exercise period at $0.10 per share, providing potential additional capital if the company's share price appreciates above the warrant exercise price. The inclusion of transferable warrants adds liquidity and may attract investors seeking leverage to the company's future performance. Standard regulatory provisions apply, including a four-month hold period and required TSX Venture Exchange approval.

The net proceeds will be directed toward exploration activities on Ximen's British Columbia mineral properties and general working capital requirements. This allocation suggests the company is maintaining its focus on advancing its exploration portfolio while ensuring adequate operational funding. The ability to secure financing at current market conditions provides Ximen with the capital flexibility needed to advance its projects during what remains a challenging environment for junior mining companies.

The participation of directors, officers, and insiders in the offering demonstrates management's continued commitment to the company's prospects. Their willingness to invest personal capital alongside external investors provides additional confidence in the company's strategic direction and near-term operational plans.