Collective Mining Ltd. (TSX: CNL) (OTCQX: CNLMF) (FSE: GG1) ("Collective" or the "Company") is pleased to announce a strategic investment by a single purchaser (the "Purchaser") on a non-brokered private placement basis (the "Offering") consisting of the sale of 4,500,000 units (each a "Unit"), at a price of $4.20 per Unit for gross proceeds of C$18.9 million. Each Unit will be comprised of one common share of the Company (a "Common Share") and one-half of one Common Share purchase warrant (each