Significant Visual Mineralization Intersected In Expansion Drilling At Guayabales & San Antonio Projects

TORONTO – Collective Mining Ltd. reported on exploration update and announce inspection of new drill core from step-out drilling at the Guayabales Project’s Ramp Zone and the San Antonio Project’s Pound target indicates that potentially significant mineralization has been intersected. The Company has ten diamond drill rigs operating and remains on track to complete its recently revised forecast of approximately 60,000 metres of drilling in 2025. The Guayabales and San Antonio Projects are located approximately 3 kilometers apart on either side of the Pan American Highway in Caldas, Colombia and benefit from significant nearby infrastructure including hydropower access, skilled labor and roads. As a result of the recently closed financing, the Company is in a strong financial position with approximately US$145 million in its treasury and will be able to carry out all activities to advance its business plan, at least until the end of 2027.

Ari Sussman, Executive Chairman, said, “This is the first time in my career that I have been involved in an exploration program which appears to be intersecting potentially exciting mineralization at two projects simultaneously. Visual inspection of new hole APC143-D1 into the Ramp Zone is particularly pleasing as this is the deepest hole drilled to date at the Apollo system and helps to validate our theory that only the top of the Ramp Zone system has been drilled. The Ramp Zone is a reduced intrusion related system and as such, has the potential to extend for 1,000 metres or more vertically. If correct, we may have only intersected the tip of the iceberg of the Ramp Zone thus far.

Although its early days for the Pound target at the San Antonio Project, it is exciting to find visual mineralization for the first time beginning at a shallow depth in hole SAC-24. We look forward to receiving assay results in the short term and are happy that two additional deep capacity rigs have been secured so we can expedite the drilling in 2026 at both the Ramp Zone and the San Antonio Project.”