Collective Mining Expands Apollo to the Northeast Intercepting 150.50 Metres at 1.74 g/t AuEq Including 42.0 Metres @ 4.02 g/t AuEq

Approximately 101,000 metres of diamond drilling has been completed to date at the Guayabales Project, including 67,000 metres at Apollo. There are currently 25 drill holes awaiting assaying with results for the majority of these holes expected prior to year-end 2024.

Ari Sussman, Executive Chairman commented: “Apollo continues to expand and deliver excellent results. Drill hole APC100-D1 confirms that the small surface outcrops and shallowly drilled fingers of poorly mineralized breccia at surface can transition into broad and high-grade mineralized zones at depth. Looking forward, our initial follow up hole to the Ramp Zone discovery (APC103-D1 from Pad 16) has recently entered the projection of the zone to the east of discovery hole APC99-D5 (57 metres @ 8.18 g/t AuEq; see press release dated October 22, 2024). Also, drilling from Pad 17 (APC104-D1 and APC104-D2) to orthogonally test for potential high-grade subzones within Apollo has cut wide zones of strong visible sulphide mineralization.  Assay results for these holes are expected over the next two to six weeks.”

Further Information is attached

FORWARD-LOOKING STATEMENTS  

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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.