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Collective Mining Ltd.

09:44 AM EST - Collective Mining Ltd. : Announced that drilling has recommenced at the Olympus target (“Olympus”), one of eight newly generated porphyry related targets at the Guayabales project, located in Caldas, Colombia. The phase II drill program, which will be executed exclusively from underground chambers, will follow up on the Phase I program which yielded an important grassroots discovery for the Company highlighted byhole OLCC-3 which averaged 301.9 metres @ 1.11 g/t AuEq. There are currently four rigs operating at the project as part of the Company’s fully financed minimum 20,000 metre drill program for 2022 with one rig drilling at Olympus and three rigs following up on the recent significant discovery at the Apollo target highlighted by hole APC-2 which averaged 207.15 metres @ 2.68 g/t AuEq. Collective Mining Ltd. shares V.CNL are trading unchanged at $3.73.