Location is Key for Ximen‘s Treasure Mountain Project in Southern British Columbia

February 1, 2019

Report #6 Gold, Silver and Tellurium in British Columbia, Canada

Company Details

Ximen Mining Corp.

888 Dunsmuir Street – Suite #888 Vancouver, BC, Canada V6C 3K4 Phone: +1 604 488 3900 Email: office@ximenminingcorp.com www.ximenminingcorp.com Shares Issued & Outstanding: 30,931,025

Location is Key for Ximen‘s Treasure Mountain Project in Southern British Columbia Since initiating coverage on Ximen Mining Corp. last December, its share price has increased by 140% backed by a strong newsflow and appreciating gold-silver prices.

With a current market capitalization of $24 million CAD, the company’s shares gained 13% in Canada yesterday following news about its Treasure Mountain Silver & Base Metal Property located in southern British Columbia, Canada.

Its option partner has received the second batch of assays from surface rock grab sampling in the southeastern part of the property, including “Up to 1.45% zinc, 122 g/t silver, 0.87 g/t gold, 57 g/t tellurium and 12.3 g/t indium”.

As previously announced, the first batch of assays from grab sampling in the eastnortheastern part included “11.3 & 8.81 grams per tonne (g/t) gold“.

There are several reasons why the Treasure Mountain Silver & Base Metal Property (approximately 9,500 hectares) is attractive, among others: A) Location: A 3 hour drive from Vancouver and a few hours drive from Ximen’s other projects (Brett and Gold Drop) in southern British Columbia.

Chart Canada (TSX.V)

Canadian Symbol (TSX.V): XIM Current Price: $0.78 CAD (01/31/2019) Market Capitalization: $24 Million CAD

B) Location: Within the Intermontane Tectonic Belt, which hosts numerous porphyry copper-(gold) deposits, including the active Copper Mountain Mine from Copper Mountain Mining Corp. (current market capitalization: $164 million CAD).

C) Location: Approximately 37 km southwest of Westhaven Ventures Inc.‘s Shovelnose Gold Property, where 8.95 g/t gold and 65.47 g/t silver over 46.2 m core length was drilled recently. Westhaven enjoys a current market capitalization of $73 million CAD.

Chart Germany (Frankfurt)

German Symbol / WKN: 1XMA / A2JBKL Current Price: €0.501 EUR (01/31/2019) Market Capitalization: €16 Million EUR

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D) Location: Partially surrounding Nicola Mining Inc.‘s historic Treasure Mountain Silver-Lead-Zinc Mine hosting polymetallic veins. For a short period in 2011-2012 (when precious and base metals prices entered into a bear market), Nicola did some stope mining and estimates to have stockpiled 8,000 tonnes of material. The average grades, to date, of Nicola‘s 43 samples over the mined width are 911 g/t silver, 5.62% zinc, 3.35% manganese and 6.75% lead.

Nicola also states on its website: “Currently, no value has been assigned to stockpiled material as the material requires further processing at the Company’s Mill facility, once complete, prior to being shipped to a smelter for payment. There are currently no other identified options for processing the material prior to shipment to a smelter.“ According to the B.C. Ministry of Energy and Mines MINFILE database, Ximen’s 100% owned Treasure Mountain Silver & Base Metal Property hosts 7 known gold, silver, lead, zinc and/or copper occurrences in various parts of the property. These include gold-quartz vein, polymetallic vein and porphyrytype occurrences. Some of these mineral occurrences have associated historic underground workings.

Ximen‘s option partner, New Destiny Mining Corp. (TSX.V: NED), may earn in a 100% interest in the property by making certain staged cash and share payments of common shares in NED to Ximen over a 4 year period equal to a total of $400,000 in cash or stock payments.

NED will also be required to spend $750,000 in exploration over the term 4 year period (ending in late 2020).

Under terms of the agreement for each year’s payment, NED will make the decision as to pay Ximen either cash or equivalent value stock calculated by the 60-day volume weighted average price of common shares, with a minimum of $10,000 cash paid out per payment.

Ximen will retain a 2.5% NSR (“Net Smelter Return“ Royalty), whereas NED may buy down 1% of the NSR by paying $1 million leaving Ximen with 1.5%.

Report #6 | Ximen Mining Corp.

See Ximen’s January 31, 2019 News Release for Qualified Person’s review of technical information.

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Report #6 | Ximen Mining Corp.

Once NED has earned 100% interest in the property, Ximen will have a right for 9 months thereafter to elect to form a joint venture with NED by paying to NED the amount of money equal to 30% of the total amount expended on the property by NED. If Ximen exercises this joint venture right, Ximen and NED will enter into a joint venture for the exploration and development of the property. In other words: NED is doing all the work, financing/dilution (i.e. taking the risk), and if the project becomes a success, it is Ximen who then has the decision power to get back 30% interest in the property by paying 30% of the exploration costs which NED spent.

A similar agreement has been made between Ximen and GGX Gold Corp. for its Gold Drop Project.

According to Ximen‘s news, some highlights of reported historic work at the Treasure Mountain Silver & Base Metal Property include (as per British Columbia MINFILE and Mineral Assessment Report Records): • “Rainy (Cedarflat) occurrence (northcentral region): 2011 grab samples from rock piles near an adit were reported to return 6.5, 7.4 and 11.9% zinc.

• Spokane (northeast region near Jim Kelly creek): A sample reported in 1913 of 4.11 g/t gold over 0.9 meters across the zone.

• John Bull (northeast region near Jim Kelly creek): A channel sample reported in 1937 of 9.6 g/t gold over 0.18 meters across a quartz vein.

• Railroad creek area copper showing (east region north of Railroad creek): Two 2011 grab samples from rock piles near adits were reported to exceed 1% copper and up to 76.4 g/t silver.

• Rio Grande (southeast region): A 1.5 meter chip sample across a shear zone was reported in 1929 to return 1.2% zinc.“ Cautionary Note: Readers are warned that historical records referred to above have been examined but not verified by a Qualified Person. Further work is required to verify that historical records referred to above

are accurate. The historical information is relevant only as an indication that some mineralization occurs on the property, and no resources, reserve or estimate is inferred.

A qualified person has not done sufficient work to classify the historical information

as current mineral resources or mineral reserves; and neither Rockstone Research, Ximen Mining Corp., New Destiny Mining Corp. nor Zimtu Capital Corp. is treating the historical information as current mineral resources or mineral reserves.

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Report #6 | Ximen Mining Corp.

Previous Coverage Report #5: “The Unprecedented GoldSilver-Tellurium Strikes in the Historic Greenwood Mining Camp Continue“ Report #4: “Record-Breaking Gold Hit in Southern British Columbia“ Report #3: “Strong drill results and appreciating precious metals prices may herald golden times for Ximen“ Report #2: “Ximen reveals striking drill core observations ahead of assays“ Report #1: “Hunting for Multi-Million Ounces in British Columbia“

Link to updated chart (15 min. delayed): http://schrts.co/gmujwcru

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Disclaimer and Information on Forward Looking Statements

Rockstone Research, Zimtu Capital Corp. and Ximen Mining Corp. (“Ximen“) caution investors that any forward-looking information provided herein is not a guarantee of future results or performance, and that actual results may differ materially from those in forward-looking information as a result of various factors.

The reader is referred to the Ximen´s public filings for a more complete discussion of such risk factors and their potential effects which may be accessed through the Ximen´s documents filed on SEDAR at www.sedar.com. All statements in this report, other than statements of historical fact, should be considered forward-looking statements. Statements in this report that are forward looking include that location is key or Ximen‘s Treasure Mountain Project in British Columbia; that the Treasure Mountain Silver Property is attractive for several reasons, among others its location; and that there are positive results of mineralization on the property.

Readers should not rely on these forward looking statements. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information. Risks that could change or prevent these statements from coming to fruition include that exploration and development may not be successful; that expected drill results could turn out marginal or bad, or that only barren or low-grade mineralization will be reported; that good reported grades may not be prevalent throughout the property; that minable resources not far from the Treasure Mountain Property do not indicate that minable resources will be found on that property; that Ximen or its partners may not raise sufficient funds to carry out their plans; that Ximen may not receive any more cash and/or share payments from its option partners; that Ximen‘s option partners may not continue exploration or related work commitments; changing costs for exploration and other matters; increased capital costs; interpretations based on current data that may change with more detailed information; potential process methods and mineral recoveries assumption based on limited test work and by comparison to what are considered analogous deposits may prove with further test work not to be comparable; the availability of labour, equipment and markets for the products produced; world and local prices for metals and minerals; that joint venture terms may be changed or no agreement is reached; and even if there are considerable resources on the company’s properties, they may not be minable profitably. The writer assumes no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

Report #6 | Ximen Mining Corp.

Disclosure of Interest and Advisory Cautions

Nothing in this report should be construed as a solicitation to buy or sell any securities mentioned. Rockstone, its owners and the author of this report are not registered broker-dealers or financial advisors. Before investing in any securities, you should consult with your financial advisor and a registered broker-dealer. Never make an investment based solely on what you read in an online or printed report, including Rockstone’s report, especially if the investment involves a small, thinly-traded company that isn’t well known. The author of this report, Stephan Bogner, is paid by Zimtu Capital Corp. (“Zimtu”), a TSX Venture Exchange listed investment company. Part of the author’s responsibilities at Zimtu is to research and report on companies in which Zimtu has an investment or is being paid to conduct shareholder communications. So while the author of this report may not be paid directly by Ximen Mining Corp., the author’s employer Zimtu will benefit from appreciation of Ximen’s stock price. In addition, the author also holds equity of Ximen Mining Corp., as well as Zimtu Capital Corp., and thus would also benefit from volume and price appreciation of their stocks (the author currently does not hold any equity positions or other kind of interests in New Destiny Mining Corp. or any other mentioned company). Ximen has paid Zimtu to provide this report and other investor awareness services. Overall, multiple conflicts of interests exist. Therefore, the information provided should not be construed as a financial analysis but as an advertisement. The author’s views and opinions regarding the companies featured in reports are his own views and are based on information that he has researched independently and has received, which the author assumes to be reliable. Rockstone and the author of this report do not guarantee the accuracy, completeness, or usefulness of any content of this report, nor its fitness for any particular purpose. Lastly, the author does not guarantee that any of the companies mentioned will perform as expected, and any comparisons made to other companies may not be valid or come into effect. Please read the entire Disclaimer carefully. If you do not agree to all of the Disclaimer, do not access this website or any of its pages including this report in form of a PDF. By using this website and/or report, and whether or not you actually read the Disclaimer, you are deemed to have accepted it. Information provided is for entertainment and general in nature. Data, tables, figures and pictures, if not labeled or hyperlinked otherwise, have been obtained from Stockwatch.com, Comdirect.de, New Destiny Mining Corp., Ximen Mining Corp. and in the public domain of the other mentioned companies.

Author Profile & Contact Stephan Bogner (Dipl. Kfm., FH) Rockstone Research 8260 Stein am Rhein, Switzerland Phone: +41 44 5862323 Email: sb@rockstone-research.com Stephan Bogner studied Economics, with specialization in Finance & Asset Management, Production & Operations, and Entrepreneurship & International Law, at the International School of Management (Dortmund, Germany), the European Business School (London, UK) and the University of Queensland (Brisbane, Australia). Under Prof. Dr. Hans J. Bocker, Stephan completed his diploma thesis (“Gold In A Macroeconomic Context With Special Consideration Of The Price Formation Process”) in 2002. A year later, he marketed and translated into German Ferdinand Lips‘ bestseller “Gold Wars“, After working in Dubai’s commodity markets for 5 years, he now lives in Switzerland and is the CEO of Elementum International AG specialized in duty-free storage of gold and silver bullion in a high-security vaulting facility within the St. Gotthard Mountain in central Switzerland.

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