Mr. Ned Jalil reports

COLLECTIVE MINING PUBLISHES ITS 2024 SUSTAINABILITY REPORT

Collective Mining Ltd. has published its 2024 sustainability report. This marks the fourth such report issued by the company, and provides a comprehensive overview of its performance and impacts across environmental, social and governance (ESG) dimensions in the department of Caldas, Colombia.

In 2024, Collective continued to deliver meaningful progress in responsible exploration, technical excellence and stakeholder engagement. Guided by its commitment to "the collective way," the company deepened its partnerships, enhanced sustainability performance and expanded its flagship Apollo discovery within the Guayabales project.

Key highlights from the 2024 sustainability report:

• Zero lost-time injuries throughout 2024, maintaining a total recordable injury frequency rate (TRIFR) of 0 per cent, underscoring a strong safety culture;
• 70-per-cent increase in direct local employment year over year, reflecting growth and preparation for an advanced exploration stage;
• Over $410,000 (U.S.) directly invested in social programs, benefiting more than 2,000 individuals in the company's area of influence, with a further 43 per cent contributed by strategic partners;
• 24.6-per-cent female participation across employees and contractors, and 40-per-cent female representation on the board of directors;
• Zero environmental fines or non-compliance events, with 1,200 tonnes of CO2 (carbon dioxide) offset through conservation efforts protecting 103,022 hectares of forest;
• Strategic community initiatives, including 33 regional partnerships, support to 300 coffee farmers, training for 200 women, construction of rural roadways and clean water access for 1,700 people.

Ned Jalil, chief executive officer of Collective Mining, stated: "Two thousand twenty-four marked a defining year for Collective Mining. Fuelled by strong momentum, expanding discoveries and deepening partnerships, we continued to prove that responsible exploration rooted in collaboration with local communities can serve as a true engine for regional development. With our sights set on an ambitious 70,000-metre drilling program and ongoing progress at the Guayabales and San Antonio projects, we are laying the groundwork for long-term sustainable value creation in Caldas."

The report is available on the company's website under sustainability.

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 modelled 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, and drill a series of less advanced or newly generated targets, including Trap, the Knife and X. Additionally, the company has launched its largest drilling campaign in history at the San Antonio project as it hunts for a large bulk-tonnage porphyry system.

Management, insiders, a strategic investor, and close family and friends own 44.5 per cent of the outstanding shares of the company, and, as a result, are fully aligned with shareholders. The company is listed on both the New York Stock Exchange and Toronto Stock Exchange under the trading symbol CNL.

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