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Collective Mining Appoints Jasper Bertisen to its Board of Directors TORONTO ,

Management Changes

Collective Mining Appoints Jasper Bertisen to its Board of

Directors

TORONTO

,

Feb. 6, 2025

/CNW/ -

Collective Mining Ltd.

(NYSE: CNL) (TSX: CNL)

("Collective" or the "Company")

is

pleased to announce the appointment of Jasper Bertisen to its Board of Directors ("Board") effective immediately.

Ari Sussman

Chairman of Collective's Board of Directors commented, "Jasper is a well-seasoned executive in the mining

industry with a strong background in the evaluation of mining projects from both technical and financial perspectives. His ability

to provide strategic guidance in advancing our Guayabales project will no doubt prove invaluable and ensure that our

aggressive growth path will remain grounded and sound. We are thrilled that he is joining our board and team."

Jasper is a seasoned leader in the mining industry with a proven track record of successfully driving strategic initiatives. He has

spent the majority of his career in mining private equity with Resource Capital Funds, overseeing due diligence and strategy

execution for investments spanning development-stage to producing assets across various commodities and global markets.

With extensive governance experience, Jasper has served on the boards of both private and public mining companies, as well

as on the advisory boards of several mining technology companies. He is also an Adjunct Professor at the

Colorado School of

Mines

and holds M.Sc. degrees in Mining Engineering and Mineral Economics.

Mr. Jasper Bertisen will be nominated for election at the Company's next Annual General Meeting.

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 is a gold, silver, copper and tungsten exploration company with projects in Caldas,

Colombia

. The Company

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 system, which hosts the large-scale, bulk-tonnage and

high-grade gold-silver-copper-tungsten Apollo system. The Company's objectives are to expand the Apollo system by stepping

out along strike and testing the newly discovered high-grade

Apollo Ramp Zone

, expand the Trap system and drill a series of

newly generated targets including Tower and X.

Management, insiders, a strategic investor and close family and friends own 44.5% of the outstanding shares of the Company

and as a result, are fully aligned with shareholders. The Company is listed on the NYSE and TSX under the trading symbol

"CNL" and on the FSE under the trading symbol "GG1".

Information Contact:

Follow Executive Chairman

Ari Sussman

(

@Ariski

73

)

on X

Follow Collective Mining (

@CollectiveMini1

) on X,

(Collective Mining)

on LinkedIn, and

(@collectivemining)

on

Instagram

FORWARD-LOOKING STATEMENTS

This news release contains "forward-looking statements" and "forward-looking information" within the meaning of applicable

securities legislation (collectively, "forward-looking statements"). All statements, other than statements of historical fact, are

forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any

statement that involves discussion with respect to predictions, expectations, beliefs, plans, projections, objectives,

assumptions, future events or performance (often, but not always using phrases such as "plans", "expects", "is expected",

"budget", "scheduled", "estimates", "forecasts", "intends", "anticipates", or "believes" or variations (including negative variations)

of such words and phrases, or state that certain actions, events or results "may", "could", "would", "might" or "will" be taken,

occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this news release,

forward-looking statements relate, among other things, to: the anticipated advancement of mineral properties or programs;

future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.

These forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our

current judgment regarding future events including the direction of our business. Management believes that these assumptions

are reasonable. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may

cause the actual results, performance or achievements of the Company to be materially different from any future results,

performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others:

risks related to the speculative nature of the Company's business; the Company's formative stage of development; the

Company's financial position; possible variations in mineralization, grade or recovery rates; actual results of current exploration

activities; conclusions of future economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in

securities markets; fluctuations in spot and forward prices of gold, precious and base metals or certain other commodities;

fluctuations in currency markets; change in national and local government, legislation, taxation, controls regulations and political

or economic developments; risks and hazards associated with the business of mineral exploration, development and mining

(including environmental hazards, industrial accidents, unusual or unexpected formation pressures, cave-ins and flooding);

inability to obtain adequate insurance to cover risks and hazards; the presence of laws and regulations that may impose

restrictions on mining; employee relations; relationships with and claims by local communities and indigenous populations;

availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and

development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title

to properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated

March

27, 2024

. Forward-looking statements contained herein are made as of the date of this news release and the Company

disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or

results, except as may be required by applicable securities laws. There can be no assurance that forward-looking statements

will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements

and there may be other factors that cause results not to be anticipated, estimated or intended. Accordingly, readers should not

place undue reliance on forward-looking statements.

View original content to download multimedia:

https://www.prnewswire.com/news-releases/collective-mining-appoints-jasper-bertisen-to-its-board-of-directors-302370661.html

SOURCE

Collective Mining Ltd.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/February2025/06/c7478.html

%SEDAR: 00045946E

For further information:

Investors and Media: Paul Begin, Chief Financial Officer, [email protected], +1 (416)

451-2727

CO: Collective Mining Ltd.

CNW 16:01e 06-FEB-25