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File: Xiana - News Release - Financing and Work Program-July 27.docx

XIANA MINING INC. #507, 837 West Hastings Street
Vancouver, BC V6C 3N7
Telephone: 604.685.1017
Facsimile: 604-685-5777 

News Release          July 27, 2016
XIANA MINING INC. ANNOUNCES $700,000 FINANCING, DEBT SETTLEMENT AND EXPLORATION ON DEBORAH PROPERTY
VANCOUVER, BRITISH COLUMBIA - Xiana Mining Inc. ("Xiana" or the "Company") (TSXV: XIA, Frankfurt D05) announces a non-
--->brokered private placement (the "Private Placement") of common shares in the capital of the Company (the "Common Share
--->s") at a price of $0.05 for gross proceeds of up to $700,000.
Finder's fees may be payable in connection with the completion of the Private Placement in accordance with the policie
--->s of the TSX Venture Exchange (the "Exchange").
In addition to the Private Placement the Company and various creditors, including certain related parties have agreed 
--->to the restructuring and settlement of outstanding debts totalling approximately $1.3 million. The $1.3 million of the
---> debt will be restructured in to long term obligations of the Company, without interest or payment obligations and wil
--->l be settled into shares at a deemed price of $0.05 per share, subject to shareholder and regulatory approval as may b
--->e required in connection with the policies of the TSX Venture Exchange (the "Shares for Debt"). The remaining Company 
--->debts will be retired from the proceeds of the Private Placement. 
The closing of the Private Placement and the Shares for Debt are subject to certain conditions including, but not limi
--->ted to, the receipt of all necessary approvals, including the approval of the Exchange.
The net proceeds of the Private Placement after retiring debt will be used on a new work program on the Company's Debo
--->rah property in the Cajamarca region of the Northern Peru copper-gold porphyry-epithermal belt (the "Work Program").  
--->The Work Program will consist of trenching, sampling and geophysics.  It is anticipated that the work program will req
--->uire $100,000 to complete and will take approximately 30 to 45 days.
About Xiana Mining Inc. 
Xiana Mining Inc. is a mineral exploration company focused on the highly prospective Northern Peru copper-gold porphyr
--->y-epithermal belt. The Cajamarca Region is an established mining district with excellent infrastructure. 
ON BEHALF OF THE BOARD OF DIRECTORS OF  XIANA MINING INC.
 /s/ "Anton J. Dresher" 
Anton J. Drescher, Chief Financial Officer 
For further information please contact: ajd@harbourpacific.com 604.685-1017
This press release contains forward looking statements which may include statements concerning completion of any propo
--->sed acquisitions, capital programs, work programs, debt, funds flow from operations, and the anticipated use of the ne
--->t proceeds of the Private Placement. Although Xiana believes that the expectations reflected in these forward looking 
--->statements are reasonable, undue reliance should not be placed on them because Xiana can give no assurance that they w
--->ill prove to be correct. Since forward looking statements address future events and conditions, by their very nature t
--->hey involve inherent risks and uncertainties. Any proposed acquisition may not be completed if required approvals or s
--->ome other condition to closing is not satisfied. The closing of the Offering and the Private Placement could be delaye
--->d if Xiana is not able to obtain the necessary regulatory and stock exchange approvals on the timelines it has planned
--->. The Offering and the Private Placement will not be completed at all if these approvals are not obtained or some othe
--->r condition to the closing is not satisfied. Accordingly, there is a risk that any proposed acquisition or offering wi
--->ll not be completed within the anticipated time or at all. The intended use of the net proceeds of the Offering and Pr
--->ivate Placement by Xiana might change if the board of directors of Xiana determines that it would be in the best inter
--->ests of Xiana to deploy the proceeds for some other purpose.
The forward looking statements contained in this press release are made as of the date hereof and Xiana undertakes no 
--->obligations to update publicly or revise any forward looking statements or information, whether as a result of new inf
--->ormation, future events or otherwise, unless so required by applicable securities laws.
Neither the TSX Venture Exchange Inc. nor its Regulation Services Provider (as that term is defined in the policies of
---> the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.