Collective Mining Ltd.

Two reconnaissance holes were drilled eastwards from Pad 6 at the Apollo system to test the potential for high grade mineralization at the eastern contact zone where the inter-mineral breccia and the host porphyry vein stockwork meet. Based on prior observations, the concept to be proved was that the contact zone forms a trap for the accumulation of excess metal driven by the location where the late-stage carbonate base [...]

Exploration fieldwork has identified six well mineralized and outcropping porphyry and related style targets within a 400 metre radius of the Apollo system with assay results for soil and rock samples as follows: Gold values up to 8.29 g/t ; Silver values up to 346 g/t ; and Copper Values of up to 0.14% Copper . Surface mapping at all six targets has outlined the same style of porphyry mineralization as the Apollo system [...]

Hole APC-43, cut the longest continuous interval drilled to date of high-grade copper-silver-gold mineralization beginning at surface from Pad 7 at the Apollo system with results as follows: 271.30 metres @ 3.35 g/t gold equivalent in drill hole APC-43 including: 19.30 metres @ 4.28 g/t gold equivalent from surface in oxides, and 32.30 metres @ 4.65 g/t gold equivalent from 19.30 metres downhole, and 42.05 metres @ 5.29 [...]

Assay results for APC-39, which continued to step out to the east from Pad 6 as part of a fan pattern of drilling at the Apollo porphyry system, intersected continuous high-grade copper-silver-gold mineralization from surface as follows: 276.30 metres @ 2.95 g/t gold equivalent in drill hole APC-39 including: 33.0 metres @ 4.87 g/t gold equivalent from surface in oxides, and 17.75 metres @ 3.94 g/t gold equivalent from [...]

Collective Mining Ltd. is pleased to announce that is has closed its previously announced "bought deal" offering of common shares of the Company for aggregate gross proceeds of approximately C$30 million . The Offering was conducted by a syndicate of underwriters co-led by BMO Capital Markets and Clarus Securities Inc., and including Canaccord Genuity Corp., Cormark Securities Inc. and PI Financial Corp. , and consisted [...]

Collective Mining Ltd. has announced today that it has entered into an agreement with BMO Capital Markets and Clarus Securities Inc., on behalf of a syndicate of underwriters , pursuant to which the Underwriters have agreed to purchase, on "bought deal" basis, 7,060,000 common shares in the capital of the Company , at a price of C$4.25 per Common Share for gross proceeds of approximately C$30 million . The Company has [...]

Assay results for two holes APC-33 and APC-35, intended to test the mineralized outcrop of the Apollo porphyry system, intersected significant continuous high-grade copper-silver-gold mineralization from surface as follows: 359.15 metres @ 3.32 g/t gold equivalent in drill hole APC-35 including: 35.30 metres @ 8.06 g/t gold equivalent from surface in oxides, and 47.85 metres @ 5.58 g/t gold equivalent from 318.30 metres [...]

Reconnaissance underground step-out drilling for the three hole Phase II program at the Olympus target has intercepted continuous mineralization with highlight assay results including: 55.25 metres @ 1.91 g/t gold equivalent . Drill hole OLCU-2 has extended the known strike of the Olympus system by 150 metres to the southwest of drill hole OLCC-4 from the Phase I program in H1 2022 with previously announced results [...]

Assay results for drill hole APC-31, which is the first hole to test the mineralized outcrop of the Apollo porphyry system , has intersected significant continuous high-grade copper-silver-gold mineralization from surface as follows: 384.7 metres at 2.46 g/t gold equivalent , including 109.8 metres at 4.14 g/t gold equivalent from surface. The intersection in APC-31 is the highest grade hole drilled to date at the Apollo [...]

Step-out drill hole APC-28, which was drilled to the west from the eastern side of the Main Breccia system at Apollo cut the longest intercept to date as follows: 601.65 metres at 1.4 g/t gold equivalent, including 259.95m @ 2.15 g/t gold equivalent. As a result of APC-28, the maximum width and vertical dimensions of the Main Breccia system have increased to 395 metres and 915 metres , respectively. Drill hole APC-28 [...]