Apollo System Continued Expansion Of High-Grade Ramp Zone

TORONTO – Collective Mining Ltd. reported on two diamond drill holes designed to continue expanding the high-grade Ramp Zone, which is located at the bottom of the Apollo system. Apollo, which begins at surface, is strongly mineralized over 1,300 vertical metres and is open at depth. It is the most advanced discovery made to date within the Company’s multi-target, Guayabales Project in Caldas, Colombia.

Currently ten drill rigs turning as part of its fully funded 70,000 metre drill program for 2025. Seven of the rigs are operating at the Guayabales Project and three rigs are drilling at the San Antonio Project. Drilling at the Guayabales Project is focused on multiple objectives relating to the Apollo system which includes expanding the high-grade Ramp Zone at depth and along strike as well as testing new targets across the project area.

Approximately 137,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 97,000 metres at Apollo. There are currently sixteen drill holes in the lab with assay results for most of these holes expected in the near term.

Ari Sussman, Executive Chairman, said, “It’s been a long wait for the arrival of the deeper capacity rigs but our expansion drilling of the Ramp Zone is now taking flight. We are highly encouraged by the results and are optimistic that drilling will continue to validate our thesis that the Ramp Zone could have dimensions similar to Aris Mining’s multi-million-ounce Marmato Deeps deposit, located only 1.75 kilometres to the southeast and currently being constructed with production scheduled for 2026. We are looking forward to an exciting finish to this year with expansion drilling underway at the Ramp Zone (Guayabales Project) and an aggressive drill program at our San Antonio Project.”