Mr. Ari Sussman reports

COLLECTIVE MINING ANNOUNCES THE APPOINTMENT OF MR. CARLOS ANDRES SANTOS AS EXECUTIVE VICE PRESIDENT

Collective Mining Ltd. has appointed Carlos Andres Santos as executive vice-president, effective immediately.

Mr. Santos brings more than two decades of senior leadership experience in strategy, operations, transformation and corporate services across the Americas, with a strong record in Colombia's resource sector. Most recently, he served as chief executive officer of Americas Business Services at Holcim/Amrize, where he spearheaded the region's growth and cash-generation strategy across markets from Canada to Argentina. In this role, he led a team of over 1,400 employees and held full accountability for finance, procurement, sales, human resources and data management.

Prior to Holcim/Amrize, Mr. Santos held key executive positions at Ecopetrol S.A., Colombia's largest integrated energy company, including being the vice-president of supply chain and shared services. At Ecopetrol S.A., Mr. Santos directed large-scale strategic organizations with substantial budgets, driving efficiency, transparency and sustainability initiatives.

Mr. Santos holds a degree in economics from Universidad Externado de Colombia and has completed postgraduate studies in international economics.

Ned Jalil, chief executive officer of Collective, commented: "We are delighted to welcome Carlos to the Collective team. His deep operational expertise, proven leadership in Colombia and extensive background in managing large-scale transformations in resource-intensive industries make him an outstanding addition as we enter an exciting growth phase. Strengthening our management team is a top priority as we launch major technical studies, our largest-ever drill program and advance key discoveries at the Guayabales project -- anchored by the high-grade Apollo system -- and continue to unlock significant value across our portfolio in Colombia's prolific Middle Cauca belt."

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's two projects are located directly within an established mining camp with ten 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 at the Guayabales project are to expand the newly discovered high-grade Ramp zone along strike and to depth and drill a series of greenfield generated targets on the property.

Additionally, the company has launched its largest drilling campaign in history at its optioned San Antonio project (100-per-cent potential interest) as it hunts for new discoveries and looks to expand upon the newly discovered porphyry system at the Pound target. The San Antonio project is located between two to five kilometres east-northeast of the Guayabales project and could potentially share infrastructure given their proximity to each other.

Management, insiders, a strategic investor, and close family and friends own 45.3 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 NYSE American and Toronto Stock Exchange under the trading symbol CNL.

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