Mr. Paul Begin reports

COLLECTIVE MINING FILES FINAL BASE SHELF PROSPECTUS

Collective Mining Ltd. has filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada (other than Quebec), following the completion of a regulatory review of the preliminary base shelf prospectus of the company.

The base shelf prospectus filings will permit the company to make offerings of common shares, warrants, subscription receipts, units or debt securities, or a combination thereof, up to an aggregate total of $200-million during the 25-month period that the base shelf prospectus remains effective until January, 2026. Securities may be offered in amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in one or more shelf prospectus supplements. Information regarding the use of proceeds from a sale of any securities will be included in the applicable prospectus supplements.

A copy of the shelf prospectus is available on the company's issuer profile on SEDAR+ and may also be obtained by contacting the corporate secretary of the company by e-mail at info@collectivemining.com.

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 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 gold-copper-silver-tungsten 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. Management, insiders, and close family and friends own nearly 45 per cent of the outstanding shares of the company, and, as a result, are fully aligned with shareholders. The company is listed on the Toronto Stock Exchange under the trading symbol CNL and on the OTCQX under the trading symbol CNLMF.

We seek Safe Harbor.