Mr. Ari Sussman reports

COLLECTIVE MINING ANNOUNCES VOTING RESULTS FROM ITS 2024 ANNUAL MEETING OF SHAREHOLDERS

Collective Mining Ltd. has released the voting results from its annual general meeting of shareholders held on June 27, 2024.

Shareholders voted in favour of all matters of business before the meeting. Each of those matters is set out in detail in the management information circular published in connection with the meeting, which is available at the company's website.

A total of 35,663,136 common shares, representing approximately 52.3 per cent of the company's outstanding common shares, were voted by proxy at the meeting. Shareholders voted in favour of appointing BDO LLP as auditor of the company (91.398 per cent in favour).

Shareholders also voted on the matters disclosed herein at the meeting.

Election of directors

The following nominees listed in the management information circular were elected as directors of the company until the next annual meeting of shareholders or until their successors are elected or appointed, with the votes being cast by ballot and the results being as shown in the attached table.

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.

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 2024 objective is to expand the Apollo system, prove that the recent discoveries at the Olympus and Trap targets evolve into large-scale systems and make a new discovery at either the Box, Tower or X targets.

Management, insiders, a strategic investor, and close family and friends own nearly 50 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, on the OTCQX under the trading symbol CNLMF and on the Frankfurt Stock Exchange under the trading symbol GG1.

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