Collective Mining Expands its Recent Discovery at the Donut Target with Broad Intercepts from Near Surface Including 108 Metres @ 1.13 g/t Gold Equivalent

TORONTO, April 05, 2022 (GLOBE NEWSWIRE) -- Collective Mining Ltd. (TSXV: CNL) (“Collective” or the “Company”) is pleased to announce assay results for the final five diamond drill holes completed in late 2021 at the Donut Target (“Donut”) as part of its maiden drill program at the Guayabales project (“Guayabales”), located in Caldas, Colombia. The Company presently has four diamond drill rigs operating at Guayabales and plans to complete a minimum of 20,000 metres of drilling in 2022. The 2022 program will focus on expanding upon the recently announced Olympus Central discovery hole of 302 metres @ 1.11 g/t gold equivalent while also testing for the first time a suite of new targets including but not limited to Victory East, Victory West, Olympus South and Apollo.

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