Mr. Christopher Anderson reports

XIMEN MINING CORP ANNOUNCES THREE YEAR EXTENSION OF NSR PURCHASE AGREEMENT AND $1,000,000 PRIVATE PLACEMENT

Ximen Mining Corp. has reached an agreement to extend the purchase terms of the net smelter return royalty on certain mineral claims comprising the Brett gold property. The agreement announced by way of news release on Jan. 19, 2013, of which the balance of $1.35-million was due on Feb. 20, 2017, has now been extended to Feb. 20, 2020, under the following terms: $50,000 worth of Ximen common stock on a 10-day weighted average upon signing of the extension, that being Feb. 18, 2017, thus totalling 628,900 shares. A further $60,000 in cash or stock upon the first anniversary and $75,000 in cash or stock upon the second anniversary and the final purchase price now being reduced to $1.25-million due to Feb. 20, 2020.

Further, the company also announces it has arranged a non-brokered private placement of up to 10 million units at a price of 10 cents per unit for gross proceeds of up to $1-million. The units of the financing will comprise one common share and a full share purchase warrant, which may be exercised for a period of five years at a price of 12 cents per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of 15 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice. Directors, officers or other insiders of the company may participate in the foregoing offerings, and such parties may sell securities of the company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offerings. The offering is subject to approval by the TSX-V.

About Ximen Mining Corp.

Ximen Mining owns a 100-per-cent interest in all three of its precious metal projects. Ximen's two gold projects, the Gold Drop project and the Brett gold project, are located in Southern British Columbia. Ximen also owns the Treasure Mountain silver project adjacent to the past-producing Huldra silver mine.