Mr. Ari Sussman reports

COLLECTIVE MINING ANNOUNCES GRADUATION TO THE TSX

Collective Mining Ltd., further to its news release dated Aug. 23, 2023, has received final approval from the Toronto Stock Exchange for the listing of its common shares. The common shares will begin trading on the TSX effective market open on Sept. 6, 2023, and will continue to trade under its current stock symbol CNL.

As a result of the graduation to the TSX, the common shares will no longer trade on the TSX Venture Exchange and will be voluntarily delisted from the TSX-V, effective as of market close today. Shareholders are not required to exchange their direct registration system advices or their share certificates, or take any other action in connection with the TSX listing.

About Collective Mining Ltd.

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2-billion in enterprise value, Collective Mining is a copper, silver and gold exploration company with projects in Caldas, Colombia. The company has options to acquire 100-per-cent interests in two projects located directly within an established mining camp with 10 fully permitted and operating mines. The company's flagship project, Guayabales, is anchored by the Apollo target, which hosts the large-scale, bulk-tonnage and high-grade copper-silver-gold Apollo porphyry system. The company's near-term objective is to drill the shallow portion of the porphyry system, continue to expand the overall dimensions of the system, which remains open in most directions, and test newly generated grassroots targets.

We seek Safe Harbor.