Ximen Mining Corp. to announced that it has signed an indicative term sheet with an arm's-length Swiss-based metals trading firm (the "Lender") to provide $5.0 million of financing in the form of a secured gold loan (the "Loan"), for the planned development of a 1200 meter decline and extraction of a 10,000-tonne bulk sample at the Company's Kenville Gold Mine property. The contemplated Loan will have a maturity date fixed at 330 days following the date of the advance to Ximen, and will be repayable by Ximen on maturity by delivery by credit to a metals account designated by the Lender by a specific number of ounces of gold, to be calculated at a discount to the spot price with the number of ounces being subject to adjustment on the closing date depending on the then-current LBMA AM closing price. The Loan is to be secured by a first ranking general security agreement over the Company's assets.