Mr. Christopher Huggins reports

COLLECTIVE METALS ANNOUNCES DTC ELIGIBILITY OF ITS COMMON SHARES ON THE OTC MARKETS

Collective Metals Inc.'s common shares are now eligible for electronic clearing and settlement in the United States through The Depository Trust Company (DTC). DTC eligibility is expected to simplify the process of trading and enhance liquidity of Collective's shares in the United States.

The DTC is a subsidiary of the Depository Trust & Clearing Corp., a U.S. company that manages the electronic clearing and settlement of publicly traded companies. Securities that are eligible to be electronically cleared and settled through DTC are DTC eligible. This electronic method of clearing securities speeds up the receipt of stock and cash, and thus accelerates the settlement process for investors and brokers, enabling the stock to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

Christopher Huggins, Collective Metals chief executive officer, comments, "This is a big step forward for the company, and allows us to increase our visibility and accessibility to shareholders in the United States."

The company's common shares trade on the Canadian Securities Exchange under the symbol COMT and on the OTC under the symbol CLLMF.

Extension of marketing agreement

The company is also pleased to announce, further to its news release on May 10, 2023, that it has renewed its engagement of marketing services with Hillside Consulting & Media Inc. (address: 474 Main St., Penticton, B.C., Canada; phone: 250-485-3615; e-mail: hillsideconsultingmedia@gmail.com) for marketing services of up to three months, commencing Nov. 8, 2023.

Hillside will utilize its on-line programs to generate a greater following, increase investor awareness, and attract potential new investors through various on-line platforms and methods of engagement for total consideration of $200,000. The activities will occur by e-mail, on-line publications, social media and other PPC (pay-per-click) advertising techniques. As of the date hereof, to the company's knowledge, Hillside (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company. The company will not issue any securities to Hillside as compensation for its marketing services.

About Collective Metals Inc.

Collective Metals is a resource exploration company specializing 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 km 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 km 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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