Ximen Mining Business & Shareholder Meeting to Proceed as Planned

Vancouver, British Columbia (FSCwire) - Ximen Mining Corp. (TSX-V: XIM, “Ximen” or the “Company”) is compelled to respond to a news release issued this morning by the TD Investment Group now being led by Al Slaughter to correct material misrepresentations contained in that dissident news release.

With respect to the placement of a 4-month resale restriction legend being placed on Ximen shares issued, on the conversion of convertible debentures, that matter is completely unrelated to the business of Ximen’s 2017 annual general and special meeting (the “Meeting”), and resulted from an administrative error affecting all of the conversion shares issued in December 2016 and January 2017, including 3,081,340 million shares issued to Ximen’s CEO, Christopher Anderson. Since being made aware of that issue, Ximen has given notice to all of the concerned shareholders confirming that Ximen’s registrar and transfer agent, Computershare Investor Services Inc., will replace any improperly legended certificates upon the surrender of the original legended certificate.

Ximen believes that the dissident shareholder group whom received their convertible debenture shares at $00.05, is seeking to use an un-related administrative error over a hold-period legend, and unfounded claims regarding the date of the issuance of certain of their shares, to interfere with the Company’s business to their personal advantage, including trying to circumvent the advance notice policy in Ximen’s corporate articles that requires timely and adequate notice of nominees for the position of director to be considered at the Meeting, and to install their nominees on the Ximen board of directors.

“We have a very exciting Project and these are the types of issues that can arise. The TD investment group is welcome to have a reasonable discussion with Ximen, should they wish to do so. Ximen has no intention of stopping its plans for financing, which is currently set at above market, and advancing the Brett Gold Project."

Says Mr. Anderson CEO President Director

Ximen convened the Meeting on February 15, 2017, as announced by a notice of meeting and disclosed in the management information circular (the “Circular”), both dated January 3, 2017. The proceedings were disrupted by a group of shareholders, understood by Ximen management to share common links with Mr. Slaughter and certain investment managers with TD Wealth Management, allegedly over their concerns that certain of their shares were not eligible to be voted at the meeting. To allow time for the concerned parties and Ximen to investigate this matter and ensure that the Meeting would be conducted fairly and in accordance with the applicable corporate law, the chair of the meeting adjourned the meeting to be reconvened on March 10, 2017.

Ximen has reviewed the matter and is satisfied that it has conducted its business appropriately. Notice of the Meeting was provided to all registered and beneficial shareholders as of the record date in accordance with applicable corporate and securities laws; and there was no effort on the part of Ximen to disenfranchise any shareholders. Ximen expects to reconvene the Meeting at 2 p.m. (local time) on Friday, March 10, 2017, at 2nd Floor, 888 Dunsmuir Street, Vancouver, British Columbia, to address the remaining business as set out in the Circular.

On behalf of the Board of Directors,

“Christopher R. Anderson”

Christopher R. Anderson,

President, CEO and Director

604 488-3900

About Ximen Mining Corp.

Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects. Ximen`s two Gold projects, The Gold Drop Project and 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. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN with the number as A1W2EG

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Neither TSX Venture Exchange 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.

Ximen Mining Corp

888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900

To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Ximen03032017.pdf

Source: Ximen Mining Corp. (TSX Venture:XIM)

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