Collective Mining Discovers a Near Surface Oxidized Silver System in Northern Apollo Intersecting 75.45 Metres at 80 g/t AgEq Including 13.0 Metres @ 315 g/t AgEq

TORONTO, Dec. 10, 2024 /PRNewswire/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce the discovery of a new silver zone in the northern section of the Apollo system ("Apollo"), located within the Company's Guayabales project in Caldas, Colombia. The Company currently has four drill rigs operating at the Guayabales Project as part of its fully funded and on-schedule, 40,000-meter drilling program for 2024 with three rigs operating at Apollo and one rig at the Trap system. The Company plans on embarking on a fully funded 60,000-meter diamond drill program in 2025, which will be the largest annual drilling campaign in the Company's history.

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