Collective Mining Discovers New Tungsten Enriched High-Grade Subzone 300 Meters Below Surface at Apollo by Drilling 27.35 m at 37.55 g/t AuEq (1.68% WO3, 11.62 g/t Au, 54 g/t Ag, 0.43% Cu)

About this update from Collective Mining Ltd

High-grade tungsten, gold, silver and copper mineralization has been discovered along the eastern contact of the Apollo breccia body as follows: 27.35m @ 37.55 g/t gold equivalent (1.68% WO3, 11.62 g/t Au, 54 g/t Ag, 0.43% Cu) from 300m below surface (APC-162) APC-162 was designed to target 30 meters up-dip of previously released hole APC107-D5, which cut a tungsten rich intercept of 28.45m @ 0.80% WO3, 1.63 g/t Au, 13 g/t Ag, 0.12% Cu. The new tungsten rich subzone, as defined by holes APC107-D5 and APC-162, begins at approximately 300 meters below surface and is distinct and separate from the upper tungsten rich zone in the Apollo breccia body, which covers the top 100 meters of the Apollo system from surface. The new tungsten enriched subzone remains fully open down dip with follow-up drilling expected to commence in the near future. Drill hole APC160-D1 has locally extended the Apollo breccia by 77 meters to the northwest beyond the current outline at 900 meters below surface by intersecting: 28.80m @ 1.67 g/t gold equivalent MIAMI, June 29, 2026 /CNW/ - Collective Mining Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce result for eleven holes as part of the 2026 drilling program at the Guayabales and San Antonio projects located in Caldas, Colombia. Ari Sussman, Executive Chairman commented: "These results reinforce the exceptional scale and depth potential of the Apollo system. The discovery of a new high-grade, tungsten-enriched subzone beginning 300 meters below surface, distinct from and well below the near-surface tungsten zone, demonstrates that Apollo continues to grow in both size and metal endowment with virtually every hole we drill. With 13 rigs turning and a fully funded 2026 program, we are well positioned to continue expanding the Apollo system in multiple directions." To date, Collective has completed 184,000 meters of diamond drilling across the Guayabales and San Antonio projects, including 120,000 meters at the flagship Apollo system, which anchors the Guayabales Project. With US$113.3 million in cash (as of March 31, 2026), the Company is fully funded for its planned 2026 program, which envisions up to 100,000 meters of drilling. The Company presently has 13 diamond drill rigs operating across the Guayabales Project. Details (See Table 1 and Figure ...

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