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Ari Sussman from Collective Mining to Present at the OTC Markets Group Inc. Battery and Precious Metals Virtual

Marketing Announcement

Ari Sussman from Collective Mining to Present at the OTC

Markets Group Inc. Battery and Precious Metals Virtual

Investor Conference on May 3rd, 2023

Toronto, Ontario, May 1 , 2023 – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF)

(“Collective” or the “Company”) will be presenting at the OTC Markets Group Inc. Battery and Precious

Metals Virtual Investor Conference on Wednesday, May 3, 2023, at 10:00am ET.

Using the link below, investors can register and listen to the presentation, and take part in a question

and answer session at the end. The presentation is expected to last 30 minutes.

DATE: May 3, 2023

TIME: 10:00am ET – 10:30am ET

LINK: https://bit.ly/44jNv83

An archived webcast will also be made available after the event.

Ari Sussman, Executive Chairman of Collective Mining will be presenting on the Apollo discovery at

the Guayabales project in Colombia and will be focusing on the most recent drill results and outlining

plans for the balance of 2023. The Apollo system is an outcropping, high-grade and bulk tonnage

copper-silver- gold porphyry system . On April 25, 2023, the Company announced the discovery of

a new subzone of high- grade mineralization beginning at surface with assay results yielding 104.8

metres @ 5.56 g/t gold equivalent including a 44.6 zone of oxide mineralization averaging 6.99 g/t

gold equivalent . (see press release dated April 25, 2023 for AuEq calculation)

The Company’s Guayabales project is located in the mining -friendly department of Caldas,

Colombia , in the heart of a long -established mining camp with ten fully permitted and operating

mines located within three kilometres of the project. As a result, the Guayabales project is blessed

with excellent infrastructure with roads and hydroelectric powerlines traversing the project and an

abundant labour force located nearby in the townships of Supi a and Marmato.

Three rigs continue to drill at Apollo with a fourth one expecting to be added by the end of Q2,

2023. Additional assay results are anticipated in the near term.

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please

visit www.collectivemining.com .

Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for

approximately $2 billion in enterprise value, Collective Mining is a copper, silver, and gold

exploration company with projects in Caldas, Colombia. The Co mpany has options to acquire

100% interests in two projects 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 target, which hosts the

large-scale, bulk -tonnage and high -grade copper -silver-gold Apollo porphyry system. The

Company’s near -term objective is to drill the shallow portion of the porphyry system while

continuing to expan d the overall dimensions of the system, which remains open in most directions

and test new ly generated targets.

Management, insiders and close family and friends own nearly 45% of the outstanding shares of

the Company and as a result, are fully aligned with shareholders. The Company is listed on the

TSXV under the trading symbol "CNL" and on the OTCQX under the trading symbol “CNLMF”.

Information Contact:

Follow Executive Chairman Ari Sussman (@Ariski73) and Collective Mining

(@CollectiveMini1) on Twitter.

Investors and Media

Paul Begin, Chief Financial Officer

[email protected]

+1 (416) 451 -2727

FORWARD-LOOKING STATEMENTS

This news release contains certain forward- looking statements, including, but not limited to,

Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”,

“expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or

other variations of these words, or similar words or phrases, have been used to identify these forward-

looking statements. These statements reflect management’s current beliefs and are based on

information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors

could cause actual results, performance, or achievements to differ materially from the results

discussed or implied in the forward- looking statements. These factors should be

considered carefully, and readers should not place undue reliance on the forward-looking statements.

Although the forwar d-looking statements contained in this news release are based upon what

management believes to be reasonable assumptions, Collective cannot assure readers that actual

results will be consistent with these forward -looking statements. These forward -looking statements

are made as of the date of this news release, and Collective assumes no obligation to update or revise

them to reflect new events or circumstances, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the

TSXV) accepts responsibility for the adequacy or accuracy of this news release.