Drill Program AT The Trap And Plutus Targets

TORONTO - Collective Mining Ltd. report on the 2024 drill program at the Trap and Plutus targets. At the Trap Target, drilling has confirmed and expanded the high-grade area northwards within the Trap Main Zone (TMZ) and has discovered a new high-grade vein system in the south of the target area. At the Plutus Target, reconnaissance drilling continued to cut shallow levels of a mineralized porphyry system. Trap and Plutus are located within the Company's multi-target Guayabales Project in Caldas, Colombia.

The Company currently has five drill rigs operating as part of its fully funded 60,000-metre drill program for 2025.

Ari Sussman, Executive Chairman, said, "Trap continues to demonstrate that there is a lot of metal in the system including the discovery of a new high-grade gold-rich vein system.  Detailed analysis of Trap suggests that both the TMZ and Blackjack zones should be drilled along strike to the northwest in 2025 as drilling strongly suggests that the metal bearing fluids intensify in this direction and could be pointing towards a mineralized porphyry feeder system. Drilling has just resumed, and we look forward to expanding Trap this year."