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CNL.TO ·

Collective Mining Named to 2024 OTCQX Best 50

Marketing Announcement

Collective Mining Named to 2024 OTCQX Best 50

Toronto, Ontario – January 19, 2024 – Collective Mining Ltd. (TSX: CNL; OTCQX: CNLMF)

(“Collective ” or the “Company”) is pleased to announ ce it has ranked second in the 2024 OTCQX®

Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year .

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded

on the OTCQX market. The ranking is calculated based on an equal weighting of one -year total

return and average daily dollar volume growth in the previous calendar year . Companies in the

2024 OTCQX Best 50 were ranked based on their performance in 2023.

For the complete 2024 OTCQX Best 50 ranking, visit:

https://www.otcmarkets.com/files/202 4_OTCQX_Best_50.pdf .

The OTCQX Best Market offers transparent and efficient trading of established, investor -focused

U.S. and global companies. To qualify for the OTCQX market, companies must meet high financial

standards, follow best practice corporate governance, and demonstrate compliance with

applicable securities laws.

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, gold 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 copper -silver-gold-tungsten Apollo porphyry system.

The Company’s near -term objective is to drill the shallow portions of the Apollo system, continue

to expand the overall dimensions of the system, which remains open in most directions and test

newly generated grassroots 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

TSX under the trading symbol "CNL" and on the OTCQX under the tradi ng symbol “CNLMF”.

Information Contact:

Follow Executive Chairman Ari Sussman (@Ariski73) on X

Follow Collective Mining (@CollectiveMini1) on X, (Collective Mining) on LinkedIn, and

(@collectivemining) on Instagram

Investors and Media

Paul Begin, Chief Financial Officer

[email protected]

+1 (416) 451 -2727