Collective Mining Ltd.

Collective Mining Ltd. announced the discovery of a new high-grade, tungsten-enriched subzone at its Apollo system, 300 meters below surface. Drill hole APC-162 intersected 27.35 meters at 37.55 g/t gold equivalent, including significant tungsten, gold, silver, and copper, with the subzone remaining open down-dip. The company also reported other drill results, including an extension of the Apollo breccia by 77 meters at 900 meters below surface, and confirmed it has $113.3 million in cash to fully fund its 2026 drilling program.

Collective Mining Ltd. provided an update on the planned exploration adit at its Guayabales Project, with construction expected to commence in Q4 2026. Significant progress has been made on engineering studies and permitting, including the completion and approval of an explosives storage facility. The adit is crucial for advancing the understanding of the Apollo system and supporting future project studies. Additionally, the company announced the appointment of Josué Romanos as Vice President, Projects, leveraging his extensive experience in managing large-scale capital projects in Colombia to ensure responsible and on-budget delivery.

Collective Mining Ltd. announced that at its annual and special meeting of shareholders held on June 15, 2026, all five nominated candidates were duly elected as directors of the Company. The elected directors include Ari Sussman, Ashwath Mehra, Angela María Orozco Gómez, Jasper Bertisen, and María Constanza García Botero, all receiving overwhelming shareholder support.

Collective Mining Ltd. held its Annual and Special Meeting of Shareholders on June 15, 2026. Shareholders elected five directors, re-appointed BDO Canada LLP as auditor, and approved a new omnibus equity incentive plan. Additionally, shareholders approved all unallocated awards under the company's existing stock option plan.

Collective Mining Ltd. announced the mailing of proxy-related materials to its Registered Securityholders, Non-Objecting Beneficial Owners (NOBOs), and ESPP Holders on May 22, 2026. The mailed documents include a Proxy with Request for Financial Statements, a Voting Instruction Form, and a Notice of Meeting Combined with Information Circular, along with a Proxy Return Envelope. This action is a standard procedure in preparation for an upcoming shareholder meeting.

Collective Mining Ltd. announced its Annual and Special Meeting of Shareholders will be held virtually on Monday, June 15, 2026, at 9:30 a.m. Toronto time. Shareholders will consider and vote on the election of directors, the re-appointment of the auditor, and the adoption of a new omnibus equity incentive plan. The new Omnibus Plan will govern future grants of various equity awards and reserves 10% of the Company's issued and outstanding Common Shares.

Collective Mining Ltd. announced the discovery of a new precious metal-rich oxide zone at the northern portion of its Apollo target area within the Guayabales Project in Colombia. Drilling and surface mapping have delineated a continuous corridor of oxidized gold-silver mineralization measuring approximately 700 meters in strike length by 200 meters width and up to 100 meters depth. Key intercepts include 71.20 meters at 1.95 g/t AuEq from surface and 56.00 meters at 1.42 g/t AuEq from 12.80 meters. The company plans follow-up expansion drilling, metallurgical testing, and aims to include this zone in its maiden NI 43-101 mineral resource estimate by mid-2027.

Collective Mining Ltd. reported a net loss of $12.35 million for the first quarter of 2026, an improvement from $16.93 million in the prior year period. The company's cash and cash equivalents stood at $113.33 million, while total assets grew to $186.92 million. During the quarter, Collective Mining made significant investments, including acquiring land parcels for over $46 million and rights to a mining concession application for $3.48 million, alongside executive appointments and a headquarters relocation.

Collective Mining Ltd. has filed a final short form base shelf prospectus, enabling it to offer and issue various securities up to an aggregate of $500,000,000 over a 25-month period. The securities may include Common Shares, Debt Securities, Subscription Receipts, Warrants, and Units. Proceeds from future offerings are intended to fund ongoing work programs for its Colombian mineral properties, pursue exploration and development opportunities, and for general corporate purposes. The company anticipates continued negative cash flow until commercial production is achieved.

Collective Mining Ltd. announced significant high-grade gold discoveries in maiden drill holes targeting the western side of the Ramp Zone within the Apollo breccia body at its Guayabales project. Key intercepts include 5.30 meters at 37.04 g/t gold and 28 g/t silver, demonstrating the presence of high-grade mineralization at depths exceeding 1,100 meters. The company has only tested 385 meters of the projected 1,500-meter circumference of the breccia body and plans aggressive drilling with seven rigs in 2026 to explore the entire circumference. Additionally, drilling in the shallower portion of the Apollo system yielded broad zones of mineralization, further enhancing the project's potential. The company is well-funded with US$129.6 million in cash for its 2026 drilling program.