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Ximen Increases Land Position at Gold Drop Property and issues funds for its first bond request. Greenwood Gold District, BC Canada

Vancouver, B.C. - (January 29, 2013 - TSX-V: XIM) Ximen Mining Corp. (the "Company" or Ximen) is pleased to announce that it has acquired the Rhod property which is adjacent to the Company's Gold Drop property. The Rhod property covers an area of 63.34 hectares and hosts several known gold-bearing quartz veins similar to those that occur on the Gold Drop property. Three Minfile occurrences are located on the Rhod property, the Alice (Minfile 082ESE225), Roderick Dhu (Minfile 082ESE125) and Lady of the Lake (Minfile 082ESE127). The Alice occurrence represents the northern on-strike continuation of the Amandy vein, which is located on Ximens Gold Drop property and which has historical production (1936-1941)
totaling 1,059 tonnes at an average grade of 10.0 g/t Au and 185 g/t Ag (1165 tons averaging 0.29 oz/t Au, 5.41 oz/t Ag). On the Alice claim, the vein reportedly ranges from 30-46 centimetres in width

and has been traced on surface for 61 metres. Gold grade on this portion of the vein is unknown. The Roderick Dhu and Lady of the Lake occurrences cover similar veins, located a few hundred metres to the east of the Amandy-Alice vein. At the Roderick Dhu showing, the vein is reported to range from 5 to 30 centimetres and to be well mineralized with galena, pyrite and tellurides. It has been traced on surface for a strike length of about 150 metres. At the south end, a 23 meter deep shaft and a 30 metre long area of stoping to surface explore the vein. A separate 7.6 meter deep shaft tests the vein at the north end. A 1921 historical reference reports values of 1.12 oz/t Au and 1.5 oz/t Ag from the Roderick Dhu vein. Historic production from the vein, dating to 1940, is 25 tonnes averaging 19.92 g/t Au and 275 g/t Ag (27 tons averaging 0.59 oz/t Au and 8.2 oz/t Ag). Several veins are known at the Lady of the Lake occurrence, including a 40 centimetre vein that is exposed in a small pit, and 180 meters to the south of this, a 75 centimetre wide vein that has been explored by a 30 meter long adit. Gold grade is unknown. The Company also reports that it is posting the first security deposit as requested by the minister of mines as part of its application for a five year work permit on the Gold Drop property, which includes the recommendations recently included in the 43-101 filed on the 21st of January and

Ximen Mining Corp.

News Release

the application for three 2500 ton bulk samples on the Amandy, Gold Drop and North Star Veins. Provided permitting is completed work is expected to begin in April 2014.
The Company also reports that it has signed a NSR Purchase Agreement with American Cumo Mining Corporation (ACMC) pursuant to the 100% owned Bret Property acquired in December 2013 located in the Vernon Mining District in BC. According to the agreement, Ximen agrees to purchase 100% of ACMC's sliding scale NSR interest in the Brett property. Consideration for the NSR is $1,350,000 due on or before the third anniversary of written approval by the TSX Venture Exchange and $150,000 worth of common shares in the capital stock of the issuer over a period of two years from the date of TSX Venture Exchange approval.

Patrick Forseille, P. Geo., a Qualified Person as defined by NI 43-101 is responsible for the technical information contained in this release.
XIMEN MINING CORP. On Behalf of the board For more information, please contact: Ximen Mining Corp. 604-488-3900

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. Statements in this press release, other than purely historical information, including statements relating to the Company's future plans and objectives or expected results, may include forward-looking statements. Forward-looking statements are based on numerous assumptions and are subject to all of the risks and uncertainties inherent in resource exploration and development. As a result, actual results may vary materially from those described in the forward-looking statements.

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