Mr. Christopher Huggins reports

COLLECTIVE METALS FILES NI 43-101 TECHNICAL REPORT FOR THE PRINCETON PROJECT

Collective Metals Inc. has filed a report titled "NI 43-101 Technical Report on Princeton Project" prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects.

The report represents a concise summary of all currently available data on the Princeton project, which will be used to guide the company's exploration and drilling programs. The report can be found on the company's website and on SEDAR, under the company's issuer profile.

The report offers valuable insights into the existing data from previous work to better guide future programs. Recommendations from the report include the following:

• Continued compilation of the data available for the project, including, but not limited to: geology, geochemistry and geophysics;
• Further processing of the ground magnetic and 3-D induced polarization data to produce subsurface 3-D anomalies to assist in identifying future drill targets;
• Relogging drill core archived from the 2014 drill program by the previous operator;
• Further mapping and sampling.

Additionally, Collective Metals anticipates the completion of its previously announced extensive soil sampling program on June 30, 2023. The company will use the results from the soil and rock sampling program to influence further exploration activities during the 2023 field season.

Christopher Huggins, chief executive officer of Collective Metals, announced: "Collective continues to work and execute in an efficient manner and we believe completing this independent report provides a strong base for the company to build on during the upcoming months. We anticipate moving at a swift pace to implement additional work programs, which will allow us to execute on a drilling program in the near future."

Qualified person

This news release has been reviewed and approved by Rick Walker, PGeo, who is acting as the company's qualified person for the Princeton property project, in accordance with regulations under NI 43-101.

The information disclosed is not necessarily indicative of mineralization on the Princeton project.

About Collective Metals Inc.

Collective Metals is a resource exploration company specialized in precious metals exploration in North America. The company's flagship property is the Princeton project, located in south-central British Columbia, Canada, approximately 10 kilometres west of the currently producing Copper Mountain mine. The Princeton project consists of 29 mineral tenures totalling approximately 28,560 hectares (70,570 acres) in a well-documented and prolific copper-gold porphyry belt and is easily accessible by road, located immediately west of Highway 3.

We seek Safe Harbor.