Collective Mining Ltd. announced assay results for two holes drilled into the Apollo Porphyry System ("Apollo") at the Guayabales Project in Caldas, Colombia. Both holes increased the overall dimensions of Apollo with APC-92 expanding the southern portion of the system to the east and the west while APC-93 expanded the system in the north. The company presently has three drill rigs operating at the project with holes being drilled at the Apollo, Olympus Deeps and Trap targets respectively.

A fourth rig has been mobilized to the Box target with drilling expecting to begin in April. Highlights are: Hole APC-93 was drilled from Pad 14 to the north and was designed to both expand Apollo to the north and then intercept the Olympus Deeps porphyry system approximately 120 metres to the east of discovery hole APC88-D1 which cut 202.35 metres @ 2.16 g/t AuEq. A broad zone of high-grade and continuous mineralization was intersected across the Apollo brecciated porphyry system with assays results as follows: 560.05 metres @ 1.83 g/t gold equivalent from 127.25 metres including: 112.00 metres @ 4.52 g/t gold equivalent from 219.60 metres, and; 110.75 metres @ 2.73 g/t gold equivalent from 396.90 metres.

This intercept across Apollo is the seventh large grade accumulation drilled by the Company to date averaging 1,026 g/t gold equivalent on a gram X metre basis. Assay results for the final 455.90 metres of drill hole APC-93 are still pending as the core is being batched for assay with current hole OLD-1, both of which were designed to test the Olympus Deeps porphyry system. APC-93 cut approximately 160 metres of mineralization in the Olympus Deeps porphyry system and confirmed a northwest trend to the mineralization.

OLD-1 entered Olympus Deeps style mineralization at 912 metres down hole and is currently still in mineralization at 1,141 metres. Assay results for the balance of hole APC-93 and OLD-1 are expected in approximately 4-6 weeks. Drill hole APC-92 was drilled to the west-south-west from Pad 14 and increased the dimensions of Apollo to the east and west in the southern block portion by cutting two intervals separated by a post mineral dyke with assay results as follow: 55.15 metres @ 2.50 g/t gold equivalent and; 151.20 metres @ 1.12 g/t gold equivalent from 93.85 metres including: 86.00 metres @ 0.55 g/t gold equivalent from 321.40 metres.