Mr. Ari Sussman reports

COLLECTIVE MINING TO COMMENCE TRADING ON NYSE AMERICAN UNDER CNL

Collective Mining Ltd.'s common shares have been approved for listing and trading on the NYSE American. The company expects that its common shares will commence trading at market open on the NYSE American on July 22, 2024, under the symbol CNL. Upon effectiveness of the listing on the NYSE American, trading of the common shares on the OTCQX Best Market will cease. The company will remain listed on the Toronto Stock Exchange under the symbol CNL and on the Frankfurt Stock Exchange under the symbol GG1. Current shareholders of the company do not need to take any action prior to the company's expected listing on the NYSE American. The company recommends that investors who have bought shares on the OTCQX Best Market monitor their accounts to ensure that their holdings correctly reflect the new ticker symbol.

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.

We seek Safe Harbor.