Mr. Christopher Huggins reports

COLLECTIVE METALS REPORTS POSITIVE ASSAY RESULTS FROM ITS FLAGSHIP PRINCETON COPPER PROJECT

Collective Metals Inc. has received assay results from its initial rock sampling program that was completed as part of its due diligence evaluation of the Princeton copper project in spring of 2023. The program emphasized locating, examining and, in most cases, sampling exposures, road cuts, caved trenches or outcrops associated with previously identified copper mineral occurrences. Most of the occurrences that were examined are located adjacent to logging roads and were reached by truck. Several traverses were undertaken to reach historic copper mineral showings at the Lamont Ridge-Wilmac and Trojan occurrences.

Highlights:

• Three samples that were collected from outcrop samples returned copper grades that range from 0.3 per cent to 0.5 per cent. The highest-grade sample was taken from the Trojan copper showing that occurs within the Trojan-Condor corridor.
• Nineteen samples collected during the 2023 program contain anomalous copper with assay results that returned more than 100 parts per million.
• Field observations and geochemical analysis of the 2023 results confirm the presence of altered diorites that are known to host copper mineralization in the Copper Mountain mine.
• The company's 2023 field exploration program is progressing well with results of reconnaissance soil sampling program expected in the coming weeks.

Christopher Huggins, chief executive officer of Collective, commented: "One of the difficulties hindering evaluation of copper mineralization on the property is the lack of bedrock outcrops. Despite this, assay results from the minimal rock outcrops that are available in the property are comparable to head grades of copper mines in British Columbia. We are very happy with these results that provide valuable insights into the geology of the property."

Princeton copper project

The company's flagship Project is easily accessible by road and is located immediately west of Highway 3 south of Princeton, B.C., in a well-established mining district with excellent infrastructure, a local work force and support services. The project hosts potential for identification of one (or more) copper-gold alkalic porphyry occurrences similar in age and deposit type to the Copper Mountain mine. The project is also approximately 10 kilometres west of Hudbay Minerals Inc.'s currently producing Copper Mountain mine, which hosts a proven and probable mineral reserve of 702 million tonnes of 0.24 per cent copper.

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 National Instrumet 43-101.

About Collective Metals Inc.

Collective (Canadian Securities Exchange: COMT, OTC: CLLMF and Frankfurt Stock Exchange: TO1) is a resource exploration company specializing in precious metal 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.

The company's Landings Lake lithium project is located in Northwestern Ontario, where numerous lithium deposits have been delineated to host significant reserves of lithium oxide. The Landings Lake lithium project is located 53 kilometres east of Ear Falls, Ont., and covers 3,146 hectares. The Whitemud project, with several identified pegmatite outcrops, neighbours the Landings Lake project and consists of 381 single-cell mining claims totalling 7,775 hectares.

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