Collective Mining Expands High-Grade Subzones in Apollo, Intersects 181.35 Metres at 5.38 g/t AuEq

Collective Mining Ltd. (NYSE: CNL, TSX: CNL) has announced significant expansion of the newly discovered high-grade subzones within the Apollo system at its Guayabales Project in Caldas, Colombia. The Company intersected 181.35 metres at 5.38 g/t gold equivalent (AuEq) within 402.60 metres at 3.06 g/t AuEq in drill hole APC104-D2, further enhancing the grade profile and resource potential of the Apollo system.

The expansion of the Apollo system to the northeast has the potential to significantly increase the grade profile of the Apollo system block model. The high-grade interval of 181.35 metres at 5.38 g/t AuEq is the fourth highest-grade intercept at Apollo, yielding 1,232 g/t AuEq. This high-grade interval is part of a broader intercept of 402.60 metres at 3.06 g/t AuEq, which further demonstrates the potential for grade improvement and resource expansion within the Apollo system.

The Company's geological modeling and recent drilling results have confirmed the presence of high-grade subzones within the Apollo system. The expansion of these subzones to cover a lateral area of up to 100 metres indicates the potential for significant grade improvement and resource growth. Additionally, the discovery of these high-grade subzones has the potential to significantly increase the grade profile of the Apollo system block model, enhancing the project's economics.

Collective Mining is planning an expanded drilling program to follow up on the high-grade subzones discovery, with further details to be provided in due course. The Company currently has five drill rigs operating as part of its fully funded 60,000-metre drill program for 2025, with two additional rigs expected to commence drilling in late January and February, respectively.



In conclusion, Collective Mining's expansion of the high-grade subzones within the Apollo system, as demonstrated by the latest drilling results, further enhances the project's grade profile and resource potential. The Company's ongoing drilling program and geological modeling efforts are expected to continue delivering remarkable exploration success, with the potential to significantly impact the overall grade and resource endowment of the Apollo system.