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Collective Mining Ltd.

09:52 AM EST - Collective Mining Ltd. : Announced that its strategic investor with participation rights in equity financings of the Corporation has exercised such participation rights in connection with the Public Offering. The strategic investor intends to subscribe for such number of Common Shares, at an issue price of C$5.00 per Common Share, that will result in the strategic investor holding 9.99% of the issued and outstanding Common Shares, on a partially diluted basis, after giving effect to the Public Offering calculated in accordance with the terms of the strategic investor's participation right. Collective Mining Ltd. shares T.CNL are trading down $0.03 at $5.00.