Indicate by check mark whether the registrant files or will
file annual reports under cover of Form 20-F or Form 40-F.
Pursuant to the requirements
of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Exhibit
99.1
Collective Mining Announces Appointment of Russell
Evans as Executive Vice President, Exploration
TORONTO, March 1, 2026 /CNW/ - Collective Mining
Ltd. (NYSE: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce the appointment
of Mr. Russell Evans as Executive Vice President Exploration, effective immediately.
Mr. Evans brings international leadership and experience
to Collective in mineral exploration and mining, having held senior roles at Newmont Mining Limited and Vedanta/Hindustan Zinc Limited.
Mr. Evans holds a B.Sc. degree in Applied Geology (Hons.) from University of Technology in Sydney, Australia, and is a Fellow of the Australian
Institute of Mining and Metallurgy (FAusIMM).
Mr. Evans commented: "I am excited to join Collective
at such an important point in the Company's growth. Apollo is demonstrating the hallmarks of a significant, scalable mineral system, with
strong district-scale expansion potential. I look forward to leading the exploration team as we continue to refine the geological framework,
prioritize targets and responsibly execute our ambitious, advanced exploration program aimed at unlocking the full potential of the Guayabales
and San Antonio projects.
Ned Jalil, CEO of Collective stated: "We
are delighted to welcome Russell as we enter into an exciting phase of disciplined project execution in Colombia. His global experience
and proven track record of executing successful exploration programs will further strengthen our ability to systematically expand the
Apollo system and unlock additional opportunities across our Guayabales and San Antonio projects. As we advance our 2026 drill program,
Russell's leadership will play a key role in continuing to build a premier mineral district."
About Collective Mining Ltd.
To see our latest corporate presentation and related
information, please visit www.collectivemining.com.
Founded by the team that developed and sold Continental
Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective is a gold, silver, copper and tungsten exploration
company with projects in Caldas, Colombia. The Company's two projects are located directly within an established mining camp with ten
fully permitted and operating mines.
The Company's flagship project, Guayabales, is anchored
by the Apollo system, which hosts the large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten Apollo system. The Company's
objectives at the Guayabales Project are to expand the newly discovered high-grade Ramp Zone along strike and to depth and drill a series
of greenfield generated targets on the property.
Additionally, the Company is drilling its optioned
San Antonio Project (can earn up to 100% interest) as it hunts for new discoveries and looks to aggressively extend to the south the recently
discovered high-grade silver system made at the Pound target. The San Antonio Project is located between two to five kilometers east-northeast
of the Guayabales Project and could potentially share infrastructure given their proximity to each other.
Management, insiders, a strategic investor and close
family and friends own 45.3% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company
is listed on both the NYSE American and TSX under the trading symbol "CNL".
Information Contact:
Follow Executive Chairman Ari Sussman (@Ariski73) on
X
Follow Collective Mining (@CollectiveMini1) on
X, (Collective Mining) on LinkedIn, and (@collectivemining) on Instagram
FORWARD-LOOKING STATEMENTS
This news release contains "forward-looking statements"
and "forward-looking information" within the meaning of applicable securities legislation (collectively, "forward-looking
statements"). All statements, other than statements of historical fact, are forward-looking statements and are based on expectations,
estimates and projections as at the date of this news release. Any statement that involves discussion with respect to predictions, expectations,
beliefs, plans, projections, objectives, assumptions, future events or performance (often, but not always using phrases such as "plans",
"expects", "is expected", "budget", "scheduled", "estimates", "forecasts",
"intends", "anticipates", or "believes" or variations (including negative variations) of such words and
phrases, or state that certain actions, events or results "may", "could", "would", "might" or
"will" be taken, occur or be achieved) are not statements of historical fact and may be forward-looking statements. In this
news release, forward-looking statements relate, among other things, to the anticipated advancement of mineral properties or programs;
future operations; future recovery metal recovery rates; future growth potential of Collective; and future development plans.
These forward-looking statements, and any assumptions
upon which they are based, are made in good faith and reflect our current judgment regarding future events including the direction of
our business. Management believes that these assumptions are reasonable. Forward-looking statements involve known and unknown risks, uncertainties
and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future
results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others: risks
related to the speculative nature of the Company's business; the Company's formative stage of development; the Company's financial position;
possible variations in mineralization, grade or recovery rates; actual results of current exploration activities; conclusions of future
economic evaluations; fluctuations in general macroeconomic conditions; fluctuations in securities markets; fluctuations in spot and forward
prices of gold, precious and base metals or certain other commodities; fluctuations in currency markets; change in national and local
government, legislation, taxation, controls regulations and political or economic developments; risks and hazards associated with the
business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected
formation pressures, cave-ins and flooding); inability to obtain adequate insurance to cover risks and hazards; the presence of laws and
regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities and indigenous
populations; availability of increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration
and development (including the risks of obtaining necessary licenses, permits and approvals from government authorities); and title to
properties, as well as those risk factors discussed or referred to in the annual information form of the Company dated March 24, 2025.
Forward-looking statements contained herein are made as of the date of this news release and the Company disclaims any obligation to update
any forward-looking statements, whether as a result of new information, future events or results, except as may be required by applicable
securities laws. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events
could differ materially from those anticipated in such statements and there may be other factors that cause results not to be anticipated,
estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements.
SOURCE Collective Mining Ltd.
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%CIK: 0001953575
For further information: Information Contact: Investors and Media:
Paul Begin, Chief Financial Officer, p.begin@collectivemining.com, +1 (416) 451-2727
CO: Collective Mining Ltd.
CNW 16:00e 01-MAR-26