COLLECTIVE METALS INC. announced it has received permission from the previous operator, Goldcliff Resource Corporation, to examine their 2014 drill core, recovered from 4 holes completed within the Trojan-Condor Corridor at the Company?s Princeton Project (the ?Project?). The Company intends to re-log and further sample the available core. The core has been stored at Keremeos, British Columbia since 2014.

A previous site visit in May, 2023 established that the majority of the core remains in good condition. The holes were relatively shallow, between 135 and 215 m in length, and widely spaced. The holes document low copper values (<953 ppm), however, they did document mineralized epidote-carbonate veinlets and patchy epidote alteration of both host Nicola Group volcanics and the intrusive diorite.

Having the necessary permission and access, the Company intends to re-log and further sample the drill core. Collective and the prior operator both concur that the holes were too shallow to effectively test the potential mineralized system due to the overlying Eocene cover above the prospective Nicola Group. The Company anticipates further work on the drill core will provide more information from the only drill holes completed to date in the high property target area.

Although relatively shallow, the holes are expected to provide valuable information, particularly with respect to the styles and extent of alteration present. Information expected from re-logging includes: More information regarding contact relations between host rocks and subsequent intrusions, particularly with respect to alteration; Identification of different styles and extent of alteration in the drill core; More detailed sampling of the mineralized intervals; and Sampling potential porphyry-style altered intervals, for select samples to include in the Porphyry Vectoring study at the Mineral Deposit Research Unit at the University of British Columbia (see News Release dated August 1, 2023). Work by the Company during the 2023 field season has returned a highly anomalous rock sample (0.535% Cu) from the Trojan area (see Fig.

1 and News Release dated September 11, 2023) and several copper anomalies from soil samples (see News Release dated September 21, 2023). Results from a follow-up, phase II soil program are expected to further develop the soil anomalies in the Trojan-Condor Corridor and will be released once received and reviewed. Previous work identified multiple showings within, and immediately adjacent to, the Trojan-Condor Corridor, including, but not limited to, the Trojan, Eagle, Shirley, Elk, Raven and Nev showings as well as numerous MINFILE occurrences (see News Release dated September 5, 2023).

Drill targets were identified based on surface rock samples having high-results (up to 0.655% Cu, 4.8 g/t Ag and 0.08 g/t Au), together with highly anomalous results from both magnetic (airborne and ground) and an Induced Polarization (IP) survey (see News Release dated August 10, 2023). The Trojan-Condor target area has a large surface area, 2 km x 4 km, or 8 km², with multiple, prominent chargeability anomalies. The most significant is the Condor anomaly, which extends from surface to a depth of at least 500 metres, interpreted to indicate both a deep root to the anomaly and significant vertical extent within which to delineate a potential mineralized deposit.

The Company?s 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 Project is also approximately 10 km west of HudBay Minerals Inc?s currently producing Copper Mountain Mine, which hosts a Proven and Probable Mineral Reserve of 702 Mt of 0.24% Copper.

This news release has been reviewed and approved by Rick Walker, P. Geo., who is acting as the Company?s Qualified Person for the Princeton Property project, in accordance with regulations under NI 43-101. The information disclosed is not necessarily indicative of mineralization on the Princeton Project.