Mr. Ari Sussman reports

SUPPLY CHAIN EXPANSION AND ECONOMIC DIVERSIFICATION IS EXPANDING IN THE SUPIA AND MARMATO TOWNSHIPS OF COLOMBIA THANKS TO A PROGRAM IMPLEMENTED BY COLLECTIVE MINING AND SENA

Collective Mining Ltd. has released positive results from a program developed through a strategic alliance with SENA, the Colombian government's national learning service. The program, which was launched in 2023, was designed to strengthen the capacity of rural women from the towns of Marmato and Supia in the department of Caldas, Colombia by providing educational training programs in a variety of professions such as community tourism and textile apparel design and management. To date, more than 280 women have graduated from the various courses offered as part of the program and have joined the local labor force resulting in a positive impact on economic diversity and capacity in the region.

Oscar Andres Maldonado, Director of SENA in Caldas points out the importance of the program by stating "In 2024, we hope to continue with the training and improvement of human talent in the region and that these programs can continue to contribute to better opportunities in the labor market. This agreement with Collective Mining contributes to the growth and development of the regional economy."

Omar Ossma, Chief Executive Officer of Collective added "Increased local employment through expansion of existing supply chains and newly created businesses is a key pillar of Collective Mining's development goals for the region. Additionally, working in alliance with SENA on this initiative is proving to be a winning combination with the graduating students from Supia and Marmato being the main benefactors. As our Guayabales project advances, so too will our efforts to leave a positive lasting mark on the communities in which we operate."

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, gold and tungsten exploration company with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines.

The Company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade copper-silver-gold-tungsten Apollo porphyry system. The Company's near-term objective is to drill the shallow portions of the Apollo 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% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSX under the trading symbol "CNL", on the OTCQX under the trading symbol "CNLMF" and on the FSE under the trading symbol "GG1".

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