CNL · Collective Mining Ltd.

Collective Mining Ltd. reported transformative assay results from twelve diamond drill holes at the Guayabales project's flagship Apollo system, with particular significance from three maiden directional holes (APC140-D5, APC140-D6, APC140-D7) testing the previously undrilled western margin of the Ramp Zone at depths exceeding 1,100 meters below surface. These holes delivered standout high-grade gold intercepts, including a highlight of 5.30 meters at 37.04 g/t gold and 28 g/t silver in APC140-D6, alongside 23.15 meters at 4.61 g/t gold in APC140-D5 and 8.60 meters at 6.51 g/t gold in APC140-D7. Mineralization features albite, muscovite, and sericite alteration with gold associated with bismuth and tellurium, remaining open in all directions after covering 70 meters laterally and 205 meters vertically.

The Ramp Zone, a reduced intrusion-related gold system at Apollo's base, mirrors aspects of the nearby Marmato Deeps deposit but shows superior grades due to its porous breccia host. Critically, only 385 meters of the 1,500-meter circumference cone-shaped breccia body has been tested for Ramp-style mineralization, underscoring substantial expansion potential. Executive Chairman Ari Sussman emphasized the results' excitement, noting the high-grade confirmation on the western side and the zone's pivotal role in future development, with aggressive expansion planned.

Complementing these, four shallower holes from mother hole APC-151D filled block model gaps, intersecting broad mineralized breccia zones like 232.70 meters at 1.80 g/t AuEq in APC151-D1, enhancing model grades by up to 15% and extending volumes. With seven rigs dedicated to Ramp Zone testing in 2026, plus total operations ramping to 14 rigs by Q2 end, the company is positioned for rapid delineation. Fully funded by US$129.6 million cash (as of Dec 31, 2025) for up to 100,000 meters of drilling, these results de-risk Apollo's high-grade potential and support ongoing advancement of this district-scale asset in Colombia.