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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

Sussman ariskiContinental gold incCompany the boardMining ltdPowerone capital marketsBoard nomination rightCommon sharesOne capital markets limitedContinental goldZijin miningExecutive chairman ari sussmanCollective miningThe companyCollective mining ltdOwnership interestCommon share