High Grade Vein System Discovered At The ME Target

TORONTO – Collective Mining Ltd. has discovered a high-grade vein system at the ME target and the completion of a gravimetric survey on the southeastern portion of Guayabales Project surrounding the Apollo system. The aim of the survey was to highlight potential targets with Apollo style mineralization within the northwest trending Apollo-to-Marmato corridor. Apollo is the most advanced discovery made to date within the Company’s multi-target, Guayabales Project in Caldas, Colombia.

The Company currently has nine drill rigs operating as part of its fully funded 70,000 metre drill program for 2025 with seven rigs operating at the Guayabales Project and two rigs turning at the San Antonio Project. Two additional deep capacity rigs are being mobilized to the Guayabales Project to resume testing the high-grade Ramp Zone located at the bottom of the Apollo system in Q3, 2025.

Approximately 128,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 90,000 metres at Apollo. There are currently twenty-nine drill holes in the lab with assay results for most of these holes expected in the near term.

Ari Sussman, Executive Chairman, said, “The results from the gravity survey are truly exciting. In fact, I believe that the gravity survey is the key breakthrough required to find another Apollo system as large porphyry related funnel breccia bodies (like Apollo) are almost always found in clusters. We are going to aggressively drill as many of the gravity targets as feasible this year and are hopeful that we will be able to deliver another discovery before the end of 2025. The high-grade veins encountered through drilling at the early-stage ME target are very encouraging as they are indicative of a fertile environment for metal deposition. I am excited to be drilling the ME gravity anomaly due south of this hole as our team believes we have a chance at finding a bulk tonnage, mineralized breccia body.  With giant hydrothermal systems encompassing both our Guayabales and San Antonio projects and nine rigs turning across the portfolio, our chances of making the next big discovery to complement Apollo have never been stronger.”