Collective Mining Provides an Update on its Partnership With the Coffee Growers Committee of Caldas and the Municipality of Supia - Seite 2

“These are investments that will go directly to our small farmers and rural communities. We are pleased to have the support of Collective Mining in this initiative. It is key to work together and it is key to work as a team. This project demonstrates that responsible mining is possible,” stated the Mayor of Supía, Marco Antonio Londoño Zuluaga.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4dc2f276-5704-4ece ...

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective gold projects in South America. Collective currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San Antonio project; and (ii) the Guayabales project. The 3,780-hectare San Antonio Project is located in a historical gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys completed, an initial 5,000-metre drill program is underway at the project with initial assay results anticipated in early Q4, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department of Colombia. The Guayabales Project is currently undergoing aggressive surface exploration and is being advanced to a drill ready decision for Q4, 2021.

For further information, please contact:

Paul Begin, Chief Financial Officer
Collective Mining Ltd.
[e-mail]
Telephone: [phone]

FORWARD-LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the strategic alliance with the Committee and the Municipality of Supía, including the commitment and allocation of funds and expected benefits, and Collective’s future plans and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.