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CNL.TO ·

Collective Mining to Present at 121 Mining Investment Conference November 22-23, 2022

Marketing Announcement

Collective Mining to Present at 121 Mining Investment Conference November 22-23, 2022

Toronto, Ontario, November 15, 2022 – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF)

(“Collective” or the “Company”) is pleased to announce that it will be participating in the 121 Mining

Investment Conference, taking place November 22- 23, 2022 in London, UK.

Investors and interested parties can arrange a face- to-face meeting with management by

registering at https://www.weare121.com/121mininginvestment -london.

Management will provide an overview and discuss the Company’s “Main Breccia” discovery at the

Apollo target. The Main Breccia discovery is a high -grade and bulk tonnage, copper -silver-gold

porphyry -related breccia system characterized by two main , yet distinct pulses of mineralized

fluids floodi ng the breccia with metals.

The Company’s Guayabales project is located in the mining -friendly department of Caldas, 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 Supí a and Marmato.

There are currently three rigs drilling at the Apollo target. Collective expects to release assay

results from holes 15- 25 at Apoll o over the coming weeks and through year- end. The Company’s

recently expanded drill program is ongoing with holes 26- 28 currently b eing drilled and holes 29-

31 in the planning stage.

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 based

in Canada, 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 Guayabales project is anchored by the discovery of the “Main Breccia” at the

Apollo target which is a large bulk -tonnage, and high-grade copper, silver and gold porphyry -related

hydrothermal breccia system. The Company’s near- term objective is to continue expanding the size

of the Main Breccia discovery through step- out drilling while simultaneously increasing confidence in

the highest-grade portions of the system.

Management and insiders own nearly 35% 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”.

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 statements. 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.