Collective drills 183.7m of 3.01 g/t AuEq at Guayabales

Executive Summary

• Collective Mining reported high‑grade intercepts from four shallow drill holes at the Apollo system, including a 183.7 m interval grading 3.01 g/t Au eq (0.86 g/t Au, 44 g/t Ag, 0.83 % Cu, 0.14 % WO₃) starting at 37.3 m depth.
• A second large‑capacity drill rig arrived to test the Ramp zone and is expected to begin operations within two weeks; a third deep‑capacity rig is under evaluation.
• The shallow drilling program is near completion, having expanded the modeled mineralized volume by ~5 % and leaving only six holes remaining.

Key Details

• Hole APC‑134: 183.70 m @ 3.01 g/t Au eq (0.86 g/t Au, 44 g/t Ag, 0.83 % Cu, 0.14 % WO₃) from 37.30 m depth.
• Hole APC‑136: 37.15 m @ 7.05 g/t Au eq (2.19 g/t Au, 89 g/t Ag, 0.92 % Cu, 0.73 % WO₃) from 118.10 m depth.
• Additional intercepts:
• APC‑132 – 111.05 m @ 1.79 g/t Au eq from 50.05 m depth.
• APC‑135 – 64.80 m @ 3.32 g/t Au eq from 25.70 m; 49.40 m @ 2.44 g/t Au eq from 124.60 m.
• APC‑136 – 31.40 m @ 3.55 g/t Au eq from 28.70 m depth.
• Rig deployment: Second large‑capacity rig for Ramp zone on site; expected to start drilling within two weeks. Third deep‑capacity rig being considered to further expand Ramp drilling.
• Program scale: Fully financed 70,000 m drill program for 2025 (11 rigs total – 8 at Guayabales, 3 at San Antonio). To date ~133,000 m drilled at Guayabales, including 93,000 m at Apollo.
• Shallow program status: Approximately six holes remain; average spacing will be 35 m from surface to 150 m depth once completed.
• Knife target: Assays from two drill holes returned no significant mineralization; the target has been removed from the inventory.
• Laboratory backlog: Ongoing effort to clear assay backlog in Peru, with accelerated result releases expected.

Notable Quotes

“As the shallow drill program at Apollo approaches its conclusion, we continue to improve upon the internal block model by intersecting extraordinary grades of gold, silver, copper and tungsten… We expect to begin intersecting the Ramp zone next month … with a goal of expanding the zone up to 300 metres along strike and below current drilling.” – Ari Sussman, Executive Chairman

All technical information reviewed and approved by Qualified Person David J. Reading (NI 43‑101).