Mr. Ari Sussman reports

COLLECTIVE MINING LTD. FILES ANNUAL REPORT ON FORM 40-F AND SUPPORTING DOCUMENTATION

Collective Mining Ltd. today filed with the United States Securities and Exchange Commission (the SEC) its SEC annual report on Form 40-F for the year ended Dec. 31, 2024. This includes the company's annual information form, audited financial statements, and management's discussion and analysis for the year ended Dec. 31, 2024.

Collective's shareholders may receive a hard copy of the company's complete audited financial statements for the year ended Dec. 31, 2024, free of charge, upon request. For further information, please visit the company website.

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 gold, silver, copper 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 gold-silver-copper-tungsten Apollo system. The company's objectives are to improve the overall grade of the Apollo system by systematically drill testing newly modeled potentially high-grade subzones, expand the Apollo system by stepping out along strike to the north and expanding the newly discovered high-grade Ramp zone along strike and to depth, expand the Trap system and drill a series of newly generated targets including Tower and X.

Management and insiders own approximately 33.4 per cent of the outstanding shares of the company and as a result, are fully aligned with shareholders. The company is listed on the NYSE American and Toronto Stock Exchange under the trading symbol CNL and on the Frankfurt Stock Exchange under the trading symbol GG1.

We seek Safe Harbor.