Collective Metals Inc. announced that it has received assay results for soil samples that were collected in "Phase One" of the Company's two-phase reconnaissance soil sampling program (the "Program") conducted in summer of 2023 on the Princeton Copper Project (the "Project"). The Program was designed to identify surface geochemical anomalies related to copper mineralization in close proximity to known historic copper mineral showings. Assay results from Phase One samples collected from the southern part of the Project with historic copper showings hosted in a structural corridor (the "Trojan - Condor Corridor") are highlighted below.

Phase One samples were collected from a northeast-oriented grid that targeted the Trojan-Condor Corridor where 470 soil samples were primarily taken from the Ah soil horizon. Two areas with anomalous Copper, Silver, Gold & Tellurium were identified based on assay results of Phase One samples. Modestly high Copper anomalies in these two areas labelled as PA1 and PA2 range between 75 to 186 and 35 to 115 ppm respectively.

Corresponding enrichments in elements such as Silver, Gold & Telluria, and the presence of copper mineralization in the Trojan and Nev showings, located within close proximity to PA1 & PA2 indicate the anomalies are likely related to Copper porphyry style mineralization in the Trojan - Condor Corridor. The Company's 2023 field exploration program is progressing well with results of the regional reconnaissance Phase Two soil sampling program expected in the coming weeks. The Company's flagship Project is easily accessible by road and is located immediately west of Highway 3 south of Princeton, BC, in a well-established mining district with excellent infrastructure, a local workforce and support services.

The Project hosts potential for identification of one (or more) copper gold alkalic porphyry occurrences similar in age and deposit type to the Copper Mountain Mine. The information disclosed is not necessarily indicative of mineralization on the Project.