Mr. Ned Jalil reports

COLLECTIVE MINING ANNOUNCES APPOINTMENT OF RUSSELL EVANS AS EXECUTIVE VICE PRESIDENT, EXPLORATION

Collective Mining Ltd. has appointed Russell Evans as executive vice-president, exploration, effective immediately.

Mr. Evans brings international leadership and experience to Collective in mineral exploration and mining, having held senior roles at Newmont Mining Ltd. and Vedanta/Hindustan Zinc Ltd. Mr. Evans holds a BSc degree in applied geology (honours) from the University of Technology in Sydney, Australia and is a fellow of the Australian Institute of Mining and Metallurgy.

Mr. Evans commented: "I am excited to join Collective at such an important point in the company's growth. Apollo is demonstrating the hallmarks of a significant, scalable mineral system, with strong district-scale expansion potential. I look forward to leading the exploration team as we continue to refine the geological framework, prioritize targets and responsibly execute our ambitious, advanced exploration program aimed at unlocking the full potential of the Guayabales and San Antonio projects."

Ned Jalil, chief executive officer of Collective, stated: "We are delighted to welcome Russell as we enter into an exciting phase of disciplined project execution in Colombia. His global experience and proven track record of executing successful exploration programs will further strengthen our ability to systematically expand the Apollo system and unlock additional opportunities across our Guayabales and San Antonio projects. As we advance our 2026 drill program, Russell's leadership will play a key role in continuing to build a premier mineral district."

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 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 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 is drilling its optioned San Antonio project (can earn an up-to-100-per-cent interest) as it hunts for new discoveries and looks to aggressively extend to the south the recently discovered high-grade silver system made 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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