Ximen Mining Corp. (TSX-V: XIM) (FSE: 1XM) (OTC: XXMMF) provides the following update on its Brett epithermal gold property, near Vernon in south-central B.C.

The Company is pleased to report assay results received from hole B24-07, which intersected visible gold in the West Zone. The gold-bearing intercept assayed 79.20 grams gold per tonne over 0.55 meters core length. This intercept is one of three zones with significant assays as summarized in the table below.

Table showing significant results (greater than 1.0 grams gold per tonne) for B24-07.
Visible gold was observed in the interval 97.00-87.55 meters. Lengths are core lengths.
The geometry of the zone has not been determined and so true widths are unknown.

“Hole B24-07 confirms what our team has long suspected – that the West Zone hosts a robust and consistent gold system that’s been largely underexplored. The grades we’re seeing, including visible gold in multiple intercepts, validate the structural model we’ve been refining for years. This is the kind of hard geological evidence that gives a project real legs, not just headlines. The data speaks for itself – Brett continues to deliver,” states Anderson CEO.

Previously released assays greater than 1.0 g/t Au are shown in the table below.

Significant intercepts with assays greater than 1.0 g/t Au. Lengths are core lengths and not true widths

Composite intercepts calculated using a 0.1 gram gold per tonne cut-off are shown in the table below. Hole B24-07 is the most significant in terms of gold grade. Holes B24-01, 02, 03 and 05 were the most significant in terms of length. The results for individual holes are described below.

Composite intercepts calculated using 0.1 g/t Au cutoff
(* = previously released)

Hole B24-07 was drilled from the same collar location as the preceding holes 5 and 6 but was drilled to the southwest across the West Zone alteration zone (see figures below).

Plan view of hole B24-07 (left) and cross-section (right). Extent of hydrothermal alteration along faulted zones is indicated in yellow. Hole was drilled towards the west across the West Zone.

The hole initially intersected a zone of oxidized and argillic altered volcanic rocks with abundant iron oxides from 3.0 to 9.32 m. This zone assayed 3.37 grams per tonne gold over 6.22 meters.

This was followed by hydrothermally altered volcanic and intrusive rocks with pervasive silicification and intervals of clay-rich (illite/smectite and kaolinite) alteration associated with faults, extending from 19.86 to the end of the hole at 214 m. Dark grey, silica-pyrite forms veinlets and breccia matrix in the altered rocks. Mineralization is dominated by disseminated pyrite that ranges visually from 3 to 10%.

Sections of quartz and pyrite veinlets include the intervals 19.86 to 32.87 (13.01 m) and 85.80 to 88.08 m (2.28 m). A significant intercept of 2.05 grams per tonne gold was obtained between 26.45 and 28.50 meters. Multiple grains of visible gold (20) were observed at 87.25 m within a colloform-banded silica-pyrite veinlet. This mineralization corresponds to the significant intercept of 0.55m grading 79.2 grams gold per tonne (87.0 – 87.55m).

The assay results for Hole 7 demonstrate that the West Zone is a major gold-bearing zone. The West Zone is characterized by clay alteration, multiple faults and a significant amount of porphyry, all of which are consistently associated with high grade gold mineralization on this property. This zone was essentially un-tested but is now a prime target for further exploration.

Overall, the results were very positive and confirm the geological model developed to date. The Company is now planning and permitting for expanded exploration of the West Zone.

Assays for two other holes, B24-06 and B24-08 are pending.

Drill core was logged for geological features on-site and half-core samples were cut, bagged and sealed. Samples were then delivered to the laboratory by company representatives. The analyses quoted above were performed by ALS Laboratories in North Vancouver, BC., which is an independent ISO certified and accredited commercial laboratory. Analyses for gold in rocks and drill core were done by fire assay with AA finish (Atomic Absorption Spectrometry) on 30 gram subsamples (ALS code Au-AA25). Analyses for silver and 47 other elements were done by four acid digestion with ICP-MS (Inductively Coupled Plasma – Mass Spectrometry) finish (typically a 0.25 gram sub-sample) following ALS code MEMS-61. Quality control was monitored from the results for certified reference standards, blank material and field duplicate samples inserted alternately at a frequency of every 10 samples.

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.

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.