Mr. Paul Begin reports

COLLECTIVE MINING ANNOUNCES PLANS TO LIST ON NYSE AMERICAN STOCK EXCHANGE IN Q3 2024

Collective Mining Ltd. plans to list its common shares on the NYSE American stock exchange to satisfy the appetite of many U.S. retail and institutional investors seeking to add exposure to Collective. In advance of listing on the NYSE American, Collective will file a Form 40-F registration statement with the United States Securities and Exchange Commission. Subject to the review and approval of the listing application and satisfaction of all applicable listing and regulatory requirements, the company expects its common shares to commence trading on the NYSE American in third quarter 2024.

The company is also pleased to report that all of the outstanding warrants, which expired on April 25, 2024, with a strike price of $3.25 from the October, 2022, financing, have been exercised for total gross proceeds of $7.8-million.

The company is on schedule with its 2024 planned 40,000-metre drilling program and has recently added a fifth drilling rig to the Guayabales project. There is currently one rig drilling at the Apollo system, one rig drilling at the Trap target, one rig drilling at the Olympus target and two rigs turning at the Box target.

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, gold and tungsten 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.

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