Ximen Mining Corp.: Clarification of News on the Gold Drop and Brett Projects

Vancouver, British Columbia--(Newsfile Corp. - May 9, 2014) - Ximen Mining Corp. (TSXV: XIM) wishes to clarify statements made in the company’s May 6 and May 7, 2014 news release regarding the Brett Gold Project and Gold Drop Project. The company also wishes to retract the use of the term “significant” to describe mineralization on the property.

Regarding the Brett Gold Project

Details regarding the size and grade of mineralization on the Brett property are clarified as follows. In total, 118 diamond drill holes (14,400 m) were drilled on the property between 1986 and 2004. The majority of this drilling tested the Main Shear-RW zone, over a strike length of 1 km and over a vertical distance of greater than 200 m. This zone remains open on strike and to depth. A 1000 m wide zone encompassing the Main Shear-RW zone hosts 6 additional known zones of alteration and/or gold mineralization which have had only limited drilling. A further large alteration zone is known about 3 km northeast of the Main Shear-RW zone.

Ximen has completed a compilation of historic exploration results, including diamond drilling and soil sampling. The compilation included confirmation of sample intervals and results from original drill logs and original analytical certificates, where available. Historical assays were by several different labs, using different sample sizes and analytical methods. Independent quality control/quality assurance procedures were not routinely implemented during these historical drill programs. While the company believes these results to be accurate, they are considered historical results.

A table of select high grade gold intercepts from historic drilling is included below. Intervals listed below are drill intercepts and are not necessarily representative of true width of mineralization. The company’s 2014 work program will include reclogging select drill holes, to better understand the nature and true width of mineralization.

Over 6800 soil samples have been collected from the property, by previous operators. The Main Shear-RW zone is associated with a strong gold soil anomaly that measures approximately 300 m long by 100 m wide, with values to 2190 ppb Au. Several other strong gold soil anomalies, up to 400 m x 200 m in size with values to 765 ppb Au, are present which are unrelated, or only partially related, to known zones of alteration or mineralization. These soil anomalies are high priorities for follow-up during the 2014 work program.

A surface bulk sample was collected from the RW vein in 1995, with ore shipped to the Trail smelter for processing. Shipping records indicate that a total of 291 tonnes were shipped to the smelter and that the recovered grade was 27.74 g/t Au and 63.7 g/t Ag.

Epithermal mineralization on the Brett property is hosted within Eocene-aged volcanic rocks of intermediate composition. The age and composition of the host rocks, the age of mineralization, and the style of alteration and mineralization at Brett is similar to Eocene-aged epithermal mineralization in the Republic District of Washington State, and to mineralization elsewhere in the Okanagan (for example, the Vault property near Okanagan Falls).

Regarding the Gold Drop Project

Specific details regarding the statement that “The Gold Drop project hosts dozens of surface and near surface gold-bearing quartz veins with over 30 known adits, shafts and pits. Several thousand tonnes of ore was mined from the property as recently as the 1980’s” are as follows. As detailed in the NI 43-101 Technical Report dated January 21, 2014 and filed on SEDAR, there has been intermittent small-scale historic production from the property at the Gold Drop, North Star and Amandy mines. Historical production totals 7572 tonnes at an average grade of 5.2 g/t Au and 93.4 g/t Ag. The average mined grade is significantly affected by a large volume of very low grade material that was removed from the North Star mine in 1934-35. Omitting production from these years, the average grade for the remaining 2505 tonnes mined from the property is 13.1 g/t Au and 133.7 g/t Ag.

Clarification is also provided with regards to historical production from the Dentonia property. As described in the January 21, 2014 NI 43-101 Technical Report, the Gold Drop property is partially surrounded by valid mineral claims owned by a variety of individuals and companies. Of most significance is mineralization on the adjacent Dentonia property. The Dentonia property hosts a strong, northeast-trending, east-dipping gold-bearing quartz vein which has been explored and developed intermittently since the late 1890’s and which is similar to the style of veining seen on the Gold Drop. Mineralization on adjacent properties is not necessarily indicative of mineralization that may be contained on the Gold Drop property. Historical production from the Dentonia is approximately 125,000 tonnes, at an average grade of 10.8 g/t Au and 64.6 g/t Ag. Most of the historical production was during the periods 1912-16 and 1934-43, with relatively minor more recent production in 1973-75 and 1984-85.

Clarification is also provided with regards to statements made regarding custom milling opportunities in the district. As above, these facilities and their potential significance to the Gold Drop property are discussed in the January 21, 2014 NI 43-101 Technical Report. As stated in the May 7, 2014 news release, Ximen is targeting three 2500 tonne surface bulk samples from the Gold Drop property. The company expects that these samples will be processed locally, using existing facilities mills.

Readers are warned that "historical records" referred to in this release have been examined but not verified by a "Qualified Person". Further work is required to verify that the historical assays referred to in this release are accurate.

Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.

About Ximen Mining Corp.

Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Recently the company has entered into a due diligence agreement with Huldra Silver Inc. for the purposes of determining the feasibility, terms and conditions of a proposal for the acquisition of Huldra Silver. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG.

On behalf of the Board of Directors,

“Christopher R. Anderson.”

Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp.

For further information, please contact Ward Kondas 604-488-3900 or by email at ward@ximenminingcorp.com.

This press release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.

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.