Mr. Christopher Huggins reports

COLLECTIVE METALS ANNOUNCES PRIVATE PLACEMENT

Collective Metals Inc. proposes to undertake a non-brokered private placement financing of up to 17,647,058 units of the company at a purchase price of 8.5 cents per unit to raise total gross proceeds of up to $1.5-million.

Each unit will consist of one common share of the company and one transferable common share purchase warrant. Each warrant shall be exercisable into one additional common share for a period of two years from the closing date at an exercise price of 10 cents. The warrants contain an accelerated expiry clause. Pursuant to the acceleration clause, if the shares of the company close at or above 20 cents for 10 consecutive trading days on the Canadian Securities Exchange, then the company may accelerate the expiry date of the warrants by issuing a news release announcing the accelerated warrant term, pursuant to which the warrants will expire on the 30th calendar days after the date of such news release.

The company will use the proceeds from the placement toward exploration on the company's property and for general working capital purposes.

The units will be offered to qualified investors in reliance upon exemptions from the prospectus and registration requirements of applicable securities legislation. The company may pay finders' fees to eligible finders in connection with the placement, subject to compliance with applicable securities laws and the policies of the CSE. There will be a hold period of four months and one day on all securities issued under the placement.

About Collective Metals Inc.

Collective Metals is a resource exploration company specializing in critical and precious metals 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 U3O8 (triuranium octoxide). Notably, none of the historical uranium occurrences have been drill tested.

We seek Safe Harbor.