Mr. Ram Kumar reports

COLLECTIVE METALS ANNOUNCES PRIVATE PLACEMENT OF HARD DOLLAR AND FLOW-THROUGH UNITS

Collective Metals Inc. has arranged a non-brokered private placement of up to 34,333,333 units of the company, consisting of any combination of non-flow-through units and flow-through units at a price of 1.5 cents per unit for aggregate gross proceeds of up to $515,000.

Each HD unit will consist of one common share of the company and one-half of one common share purchase warrant. Each FT unit will consist of one common share of the company issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one-half of one warrant. Each warrant will entitle the holder to purchase one common share of the company, which will not be a flow-through share, at a price of 1.5 cents for a period of three years from the closing date.

The FT shares will qualify as flow-through shares within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The company intends to use the gross proceeds from the sale of FT units to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures (as those terms are defined in the Income Tax Act (Canada)) on the Rocas project and the company's other exploration projects. The company will renounce all qualifying expenditures to the subscribers of the FT units with an effective date no later than Dec. 31, 2026. The net proceeds from the sale of HD units will be used for exploration of the Rocas project and the company's other exploration projects, and for general working capital purposes.

Closing of the offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of the Canadian Securities Exchange. All securities issued under the offering will be subject to a statutory hold period of four months and one day from the date of issuance.

The company may pay finders' fees to eligible persons in connection with the offering in accordance with the policies of the CSE.

About Collective Metals Inc.

Collective is a resource exploration company specializing in critical and precious metal exploration in North America.

The company's Rocas project comprises 4,002 hectares, located 75 kilometres southwest of the Key Lake mine and mill facilities along Highway 914, and approximately 72 kilometres south of the present-day margin of the Athabasca basin. The project hosts several uranium showings, including historical mineralized outcrop grab samples along approximately 900 metres of strike length, grading up to 0.5 weight per cent triuranium octoxide.

We seek Safe Harbor.