Collective Mining Executes Agreement for an Environmental Conservation Project at Cerro Viringo in Caldas, Colombia

Collective Mining Executes Agreement for an Environmental Conservation Project at Cerro

Viringo in Caldas, Colombia

TORONTO, ONTARIO – September 9, 2021 – Collective Mining Ltd. ( TSXV: CNL) (“Collective” or the

“Company”) is pleased to announce that a strategic alliance has been executed with the Government of

Caldas, Corpocaldas (the autonomous regional environmental agency for Caldas), local municipalities and

the Company to develop a community-based ecotourism destination at Cerro Viringo.

Cerro Viringo, which is located in the Hojas Anchas village within the municipality of Supía, is an important

landform that has been declared an area of high environmental i mportance by Corpocaldas and the

municipal council of Supía. It is comprised of fifty hectares o f native forest and supplies water to the local

aqueduct for the municipality of Marmato and three other nearby communities. Cerro Viringo has been

recognized as the most important environmental conservation area in Supía.

The project, which is officially named “Ecotourism in the Cerro Viringo Natural Park,” is expected to benefit

approximately 290 people and help to reactivate the economy of the Hojas Anchas village community.

Additionally, the development of this project will be three-dim ensional consisting of environmental

conservation, community-based tourism and local economic develo pment. Visitors will be able to interact

with the rich biodiversity of the area through recreational act ivities based upon the principles of sound

environmental stewardship.

Over the next few months, Collective will be providing integra l leadership to the consortium in structuring

the project, which, upon comple tion, will be presented to FONTU R (government entity in charge of

promoting tourism), for project financing. Development of the p roject is expected to begin in 2022 and

culminate in 2023.

“We are pleased to have been invited to be part of this initiat ive as it aligns with our strict adherence to

responsible mining goals by promoting stewardship of natural an d cultural resources in our area of

operations. As a new entrant t o the region, another added benef it of this alliance will be to provide the

Company with the opportunity to forge new relationships with individuals residing within our project’s area

of influence,” commented Ari Sussman, Executive Chairman of Collective.

“With the Viringo Project, we are looking to preserve our areas of environmental interest and to reactivate

the local economy. The alliance with authorities, communities a nd private companies, such as Collective

Mining, are fundamental to this purpose,” commented Marco Londoño, Mayor of Supía.

Omar Ossma, CEO and President of Collective stated, “Since our arrival in Caldas we have focused on

promoting important initiatives associated to water conservatio n in the region. Cerro Viringo is one of the

most important projects to date, and we are pleased and honored to be a part of such a worthy development

opportunity.”

Figure 1: Cerro Viringo Supía

Figure 2: Guided visits with community members during project formulation stage

Figure 3: Co-creation activities with the community to define the objectives of the project

About Collective Mining Ltd.

Collective is an exploration and development company focused on identifying and exploring prospective

gold projects in South America with insider ownership of approx imately sixty-five percent. Collective

currently holds an option to earn up to a 100% interest in two projects located in Colombia: (i) the San

Antonio project; and (ii) the Guayabales project. The 3,780-hec tare San Antonio Project is in a historical

gold district in the Caldas department of Colombia. With recent geophysical and LIDAR surveys

completed, an initial 5,000 metre drill program is underway at the project with initial assay results anticipated

in Q3, 2021. The 3,333-hectare Guayabales Project is also located in the mining friendly Caldas department

of Colombia. The Guayabales Project is currently undergoing agg ressive surface exploration and

is expected to begin a maiden drill program in late September 2021.

For further information, please contact:

Paul Begin, Chief Financial Officer 

Collective Mining Ltd.

Telephone: (416) 451-2727

FORWARD-LOOKING STATEMENTS

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

about the strategic alliance with the Government of Caldas, Cor pocaldas (the environmental regional

authority of Caldas), and local municipalities, including the c ommitment and allocation of funds and

expected benefits, and Collective’s future plans and intentions. Wherever possible, words such as “may”,

“will”, “should”, “could”, “expect”, “plan”, “intend”, “anticip ate”, “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 mana gement’s current beliefs and are based

on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertaint ies and assumptions, including those

identified in Collective’s most recent MD&A and other disclosur e documents filed on and available on

SEDAR at www.sedar.com. 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 relianc e on the forward-looking statements.

Although the forward-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-lo oking 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.