Ximen Mining Corp. announced a non-brokered private placement of 2,500,000 units at an issue price of CAD 0.20 per unit for gross proceeds of CAD 500,000 on October 4, 2021. Each unit consist of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder to purchase for a period of 36 months from the date of issue, one additional common share at an exercise price of CAD 0.35 per share. The term of the warrants may be accelerated in the event that the issuer's shares trade at or above a price of CAD 0.45 per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 20 days from the date of providing such notice. Directors, officers or other insiders of the Company may participate in the transaction. A finder's fee may be paid to eligible finders in accordance to the TSX Venture Exchange policies. All securities issued pursuant to the transaction will be subject to a hold period of four months and one day from the date of closing. The transaction and payment of finders' fees are both subject to approval by the TSX Venture Exchange.