Dimension Expansion Of New Ramp Zone Discovery With Drill Holes

TORONTO - Collective Mining Ltd. reported on two drill holes designed to expand the dimensions of the new Ramp Zone discovery. Ramp is located in the deeper portion of the Apollo system which is the Company's flagship discovery within the multi-target Guayabales Project in Caldas, Colombia. The Ramp Zone is a bonafide new discovery characterized by high-grade gold associated with minor amounts of bismuth and tellurium and shares similar characteristics with the multi-million-ounce Marmato Deeps deposit located only 1.75 kilometres to the southeast.

Ari Sussman, Executive Chairman, said, "We continue to be pleasantly surprised by the high-grade Ramp Zone discovery. Importantly, we now have an internal 3D model for Ramp and a working hypothesis explaining why the zone formed.  If correct, the hypothesis implies that Ramp style mineralization can occur over a very large area as it won't be relegated only to the breccia body at Apollo.  Aggressive drill planning is underway with more details to follow in due course."

The Company currently has six drill rigs operating as part of its fully funded 60,000-metre drill program for 2025 with four rigs drilling at Apollo, one drilling at the Tower Target and a final rig testing the San Antonio Project. Two additional rigs are expected to begin operating in late Q1 and early Q2, respectively. Approximately 110,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 74,000 metres in 163 holes at Apollo. There are currently eight drill holes pending assay results for the Guayabales and San Antonio projects with results to be reported in batches once received and compiled by the Company.