Mr. Ari Sussman reports

COLLECTIVE MINING PUBLISHES ITS 2023 SUSTAINABILITY REPORT AND INCREASES ITS SOCIAL INVESTMENTS IN ITS AREA OF INFLUENCE

Collective Mining Ltd. has released its 2023 sustainability report, which outlines and critics the company's impacts, mitigation measures, and overall stewardship of the environment, communities and corporate governance in the Department of Caldas, Colombia. In 2023, Collective Mining materially increased its social investment as compared with the 2022 period, with over $280,000 invested on a standalone basis and $822,944 on a cumulative basis with strategic partners. Investments include but are not limited to community projects, aqueduct enhancements, road construction, communal facility improvements, agricultural initiatives and support for women entrepreneurs, benefiting over 1,700 individuals.

Notable highlights in 2023 from the sustainability report are as follows:

• A favourable total recordable injury frequency rate (TRIFR) of zero, closing 2023 with a record of 710 days without lost time incidents;
• Planting 1,900 seedlings to protect areas close to sources of water with particular emphasis on supporting aqueducts in our area of influence;
• The company conducted its second carbon footprint assessment and achieved carbon neutrality by purchasing 700 offset credits from the conservation project Delfines Cupica REDD+.

Omar Ossma, president and chief executive officer, stated: "By integrating our sustainability initiatives at such an early stage into our operating matrix, we are building a strong foundation in our host region, which will serve to ensure a successful mining project in the future. This is the collective way. As always, we want to extend our appreciation to all of our strategic partners in the region, as well as to the communities, for allowing us to be a part of their programs and participate in their everyday life."

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.

We seek Safe Harbor.