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Collective Mining Releases 2021 ESG Report

Corporate Updates

Collective Mining Releases 2021 ESG Report

Toronto, Ontario, September 9, 2022 – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF)

(“Collective” or the “Company”) is proud to announce the publication of its inaugural 2021 ESG Report,

detailing the Company’s commitments and contributions to environmental, social and governance

(ESG) factors, practices and management. The report offers stakeholders a clear and comprehensive

understanding of its most material sustainability topics in key areas that include health and safety,

environmental stewardship, social management, governance, inclusion, and diversity. It also highlights

the Company’s initiatives and commitments for the 2021 calendar year, as well as the Company's

plans and priorities for 2022.

“I am very pleased to present Collective Mining's first ESG report, which summarizes the significant

efforts we have made since our young Company began operations in Colombia a little over two years

ago. The report discloses our Company's approach and performance on a series of sustainability

topics which are part of our core beliefs . We continue our commitment to achieving our ESG goals

and creating value that benefits all stakeholders, employees, host communities and the environment,”

commented Ari Sussman, Executive Chairman.

The report is available on the Company's website at www.collectivemining.com under ESG.

About Collective Mining Ltd.

To see our latest corporate presentation and related information, please visit www.collectivemining.com.

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

prospective mineral projects in South America. Founded by the team that developed and s old Continental

Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, the mission of the Company is to

repeat its past success in Colombia by making significant new mineral discoveries and advance the projects

to production. 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 currently holds an option to earn up to a 100% interest in two projects located in Colombia.

As a result of an aggressive exploration program on both the Guayabales and San Antonio projects, a total

of eight major targets have been defined. The Company has made significant grassroot discoveries at both

projects with near-surface discovery holes at the Guayabales project yielding 302 metres at 1.11g/t

AuEq at the Olympus target, 163 metres at 1.3 g/t AuEq at the Donut target and recently, at the Apollo

target, 207.15 metres at 2.68 g/t AuEq, 180.6metres at 2.43 g/t AuEg and 87.8 metres at 2.49 g/t AuEg. At

the San Antonio project, the Company intersected, from surface, 710 metres at 0.53 AuEq. ( See

related press releases on our website for AuEq calculations)

Contact Information

Collective Mining Ltd.

Steven Gold, Vice President, Corporate Development and Investor Relations

Tel. (416) 648-4065

FORWARD-LOOKING STATEMENTS

This news release contains certain forward- looking statements. 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 statement s. These factors should be

considered carefully, and readers should not place undue reliance 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 -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.