Mr. Paul Begin reports

COLLECTIVE MINING EXPANDS GUAYABALES THROUGH ANM-GRANTED MINING TITLES FOLLOWING PUBLIC HEARINGS

The Colombian National Mining Agency (ANM) granted additional mining titles to Collective Mining Ltd. on July 10, 2026, following the successful completion of a public hearing in the municipality of Supia in the Caldas Department held on May 21, 2026.

• Two multistage regulatory processes were completed during Q2 2026, resulting in the granting of mining titles in the company's area of influence in the municipalities of Supia and Marmato.
• The granting of new mining titles materially increases the company's titled land position, supporting the continued advancement of the Guayabales project and providing new drill-ready targets.

These newly granted mining titles are in addition to the previously disclosed mining titles granted to Collective by the ANM on April 10, 2026, which followed a public hearing held on Feb. 17, 2026, in the municipality of Marmato (see press release dated April 23, 2026).

Ari Sussman, executive chairman, commented: "We are very pleased to see continued strong public support for Collective by local communities, as evidenced by the two successful and well-attended public hearings in Supia and Marmato. With the completion of the titling processes in both municipalities, we have meaningfully consolidated our mineral title holdings and further improved continuity across the Guayabales project. An expanded contiguous series of titled concessions supports both the exploration and future development potential of Guayabales. Importantly, the expanded footprint also provides new and exciting drill-ready targets, and we look forward to commencing drilling on at least one of them this year."

The recently granted titles within and adjacent to the existing Guayabales project area are expected to enhance Collective's long-term exploration flexibility by securing additional prospective ground along regional structural trends interpreted to be important controls on mineralization at the Guayabales project. The new titles also provide additional optionality for future infrastructure planning, access and district-scale target generation as the company advances exploration and development activities.

To date, Collective has completed 184,000 metres of diamond drilling across the Guayabales and San Antonio projects, including 120,000 metres at the flagship Apollo system, which anchors the Guayabales project.

With $113.3-million (U.S.) in cash (as of March 31, 2026), the company is fully financed for its planned 2026 program, which envisions up to 100,000 metres of drilling. The company presently has 13 diamond drill rigs operating across the Guayabales project.

About Collective Mining Ltd.

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2-billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration company with projects in Caldas, Colombia. The company's two projects are located directly within an established mining camp with ten fully permitted and operating mines.

The company's flagship project, Guayabales, is anchored by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. The company's objectives at the Guayabales project are to expand the newly discovered high-grade Ramp zone along strike and to depth, drill test the new outcropping Northern Apollo oxidized area, drill the recently granted licence covering the northwestern extension of the Trap target, and drill a series of greenfield generated targets across the property.

Management, insiders, a strategic investor, and close family and friends own 45.2 per cent of the outstanding shares of the company and, as a result, are fully aligned with shareholders. The company is listed on both the NYSE American and TSX under the trading symbol CNL.

We seek Safe Harbor.