Mr. Christopher Anderson reports

XIMEN COMMENCES WITH SHARES FOR DEBT

Further to the news release of Dec. 24, 2014, and again on Jan. 30, 2015, Ximen Mining Corp. continues to pursue a proposed non-brokered private placement financing for aggregate gross proceeds of $1,050,888.

The current tranche that will be completed will close on 1.15 million units. Each 15-cent non-flow-through unit consists of one non-flow-through common share of the company and one non-transferable share purchase warrant. Each warrant has a two-year term for the purchase of one further non-flow-through common share of the company at an exercise price of 25 cents per share. A finder's fee may be paid to eligible finders in accordance to TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing.

The company also announces that it is proceeding with a shares-for-debt filing to pay outstanding debts of $221,343.59. Approximately 1,475,624 shares in the capital stock of the company will be issued to pay these outstanding payables. The shares-for-debt agreement is subject to TSX Venture Exchange approval.