Mr. Christopher Huggins reports

COLLECTIVE METALS PROVIDES REVIEW OF FOURTEEN MILE TARGET AREA ON ITS PRINCETON PROPERTY, B.C.

Collective Metals Inc. has provided a review of results from the Fourteen and Fifteen Mile target areas in its flagship Princeton project in south-central British Columbia. The property hosts several alkalic Cu-Au (copper-gold) porphyry targets associated with Triassic diorite intrusions analogous to those associated with the currently producing Copper Mountain mine, which lies approximately 10 kilometres to the east. Results from a soil geochemical survey completed in 2023 are interpreted to confirm the mineral potential of the Fourteen and Fifteen Mile target areas as one of five promising prospects with favourable geology, geophysical signatures and/or historic geochemistry (please see news release dated Jan. 8, 2024). The Trojan-Condor corridor, which hosts significant chargeability anomalies identified in a previous induced polarization (IP) survey, is considered a drill-ready target. The company plans to conduct IP surveys over the other four target areas, including the Fourteen Mile target, in 2024.

The Fourteen Mile and Fifteen Mile areas have been previously established as porphyry targets based on favourable geology, magnetic anomalies, mapped alteration, weak mineralization, and anomalous pathfinder geochemistry in rocks and silt samples. The company's 2023 soil sampling program included three grids in the area (that is, Fourteen, Fifteen and Sixteen Mile Creek grids) each of which yielded multielement, pathfinder element geochemical anomalies in B-Horizon soils. Rocks collected in the area (n equals 21) are variably enriched in pathfinder elements (for example arsenic, bismuth and cobalt), yielding up to 0.16 part per million (ppm) silver (Ag) and 155.5 ppm copper (Cu), with both highly elevated calcium (Ca) (less than or equal to 15.3 per cent) and iron (Fe) (less than or equal to 7.01), consistent with interpreted iron carbonate-silica alteration characteristic of the area.

Chris Huggins, chief executive officer of Collective, commented: "Integration of 2023 geochemical results and reprocessed geophysical data with historic geochemical and geology work on the property has helped us identify and prioritize our current exploration targets. The well-documented mineral endowment and large size of the property provides significant opportunity for discovery. We look forward to advancing exploration on several secondary targets including the Fourteen Mile area using 3-D IP in 2024, in tandem with drilling our primary Trojan-Condor target area."

The Fourteen Mile area is underlain by volcanic tuffs and sediments of the Upper Triassic Nicola group near the western margin of overlying Eocene Princeton group volcanics. North of the target area, a small (less-than-one-square-kilometre), medium- to fine-grained hornblende diorite plug is associated with very-well-developed iron carbonate-silica alteration and chalcopyrite-limonite-malachite mineralization in adjacent sandstone. While Massey (2009) assigned the Fourteen Mile diorite intrusion to the Triassic Tulameen ultramafic complex, subsequent workers have suggested it is similar to the Triassic Whipsaw stocks, interpreted to be correlated to the Copper Mountain intrusions. The area is cut by a network of northeast-trending and northwest-trending faults, interpreted to influence mineralization and alteration.

Regionally, the southern portion of the project area is underlain by a large, high-intensity magnetic anomaly very similar to that spatially associated with, and underlying, the Copper Mountain camp and currently producing Copper Mountain mine (please see news release dated May 10, 2023). The project is interpreted to have been down dropped progressively to the west across both the Boundary and Whipsaw faults (please see news release dated Aug. 1, 2023). The high-intensity magnetic anomaly, together with porphyry-style alteration and mineralization documented within the Trojan-Condor corridor to the southeast (please see news release dated Jan. 8, 2024), in the Lamont Ridge area to the north (please see news release dated Feb. 13, 2024), and the Fourteen, Fifteen and Sixteen Mile Creek grids are interpreted to support potential for discovery of additional occurrences of porphyry-style Cu-Au mineralization.

Three areas of very well-developed iron carbonate-silica alteration are mapped in the area (C-1, C-2 and C-3), characterized by limonite with associated carbonate, saussurite and potassic alteration, and localized sparse chalcopyrite-malachite mineralization. Rock samples from the C-1 anomaly (1.33 square km in size) at the Fourteen Mile target yield very strongly anomalous molybdenum, arsenic, cadmium, uranium and mercury, strongly anomalous tin, iron and selenium, and moderately anomalous silver, lead, antimony and tungsten, and weakly anomalous copper and bismuth. High-quality sieved sediment samples collected by the previous operator in 2011 (n equals 123) yielded highly anomalous copper (up to 504.5 parts per million (ppm)). B-horizon soils from 2023 did not yield highly elevated copper, but did return elevated pathfinder elements from the soil grids at both Fourteen Mile and Fifteen Mile targets. These results are also spatially associated with a small diorite intrusion.

Previous rock samples from the Fifteen Mile target yielded very strongly anomalous gold and arsenic, strongly anomalous copper and iron, moderately anomalous molybdenum, silver, zinc, bismuth, cadmium, cobalt, sulphur, uranium and tungsten, and weakly anomalous lead, mercury, antimony, selenium and tellurium.

A north-trending magnetic high corresponds generally with mapped Princeton group cover with minor anomalies at the margins. Several small radiometric anomalies (low thorium:potassium (Th:K)), inferred to represent potassic alteration, are aligned in east-west trends along the Fourteen Mile and Fifteen Mile creeks, and are spatially associated with the mapped iron carbonate-silica alteration and a weak magnetic low in Nicola group rocks.

The company has applied to conduct up to 20 km of IP surveys in the Fourteen Mile Creek target area in 2024. The most advanced target on the property, the Trojan-Condor corridor, is defined by a large (approximately 1.5 km by 3.3 km), strong (more than 20 mV/V (millivolt per volt)) chargeability anomaly along the corridor (please see news release dated Aug. 10, 2023). Kodiak Copper has used 3-D IP to generate successful drill targets at its MPD property, 20 km to the northeast of the Princeton property.

Marketing agreement

The company also announces that it entered into an agreement on March 14, 2024, with RMK Marketing Inc. (address: 41 Lana Terrace, Mississauga, Ont., Canada, L5A 3B2; e-mail: Roberto@rmkmarketing.ca) to provide marketing services for a term of six months, commencing March 22, 2024.

RMK is an independent company which will, as appropriate, provide project management and consulting for an on-line marketing campaign, co-ordinate marketing actions, maintain and optimize AdWords campaigns, adapt AdWords bidding strategies, optimize AdWords ads, and create and optimize landing pages. The promotional activity will occur by e-mail, Facebook and Google.

Under the terms of the agreement, the company will compensate RMK $100,000, with an option to increase the advertising budget up to $250,000 during the term. The company will not issue any securities to RMK as compensation for the services. As of the date hereof, to the company's knowledge, RMK (including its directors and officers) does not own any securities of the company and has an arm's-length relationship with the company.

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 project, in accordance with regulations under National Instrument 43-101 -- Standards of Disclosure for Mineral Projects.

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

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 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 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.

We seek Safe Harbor.