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 Files NI 43-101 Technical Report
for Maiden Mineral Resource for the Apollo Deposit
MIAMI, Oct. 22, 2026 /CNW/ - Collective Mining
Ltd. (NASDAQ: CNL) (TSX: CNL) ("Collective" or the "Company") is pleased to announce that it has filed
an independent technical report in support of the maiden Mineral Resource estimate ("Mineral Resource") for its Apollo deposit
("Apollo") at the Guayabales Project in Caldas, Colombia.
The technical report, entitled "Guayabales
Project - Apollo Mineral Resource, Caldas Department, Colombia", with an effective date of October 13, 2026, has been prepared
in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and supports the
maiden Mineral Resource estimate disclosed in the Company's September 8, 2026 news release.
The technical report is available under the Company's
profile on SEDAR+ (www.sedarplus.ca), EDGAR (www.sec.gov) and on the Company's website (www.collectivemining.com).
About Collective Mining Ltd.
Founded by the team that developed and sold Continental
Gold Inc. to Zijin Mining for approximately US$1.4 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 Apollo, a large-scale, bulk-tonnage and high-grade gold-silver-copper-tungsten deposit that hosts a maiden Mineral Resource of 2.58
million ounces AuEq Indicated (37.0 Mt at a grade of 2.17 g/t AuEq: 1.38 g/t Au, 24.4 g/t Ag, 0.14% Cu and 0.011% WO₃)
and 2.83 million ounces AuEq Inferred (48.2 Mt at a grade of 1.83 g/t AuEq: 1.60 g/t Au, 8.39 g/t Ag, 0.03% Cu and 0.002% WO₃).
The Company's objectives at the Guayabales Project are to continue expansion and infill drilling at Apollo while advancing technical,
environmental and permitting work across the project.
Management, insiders, a strategic investor and close
family and friends own 45.2% of the outstanding shares of the Company and, as a result, are fully aligned with shareholders. The Company
is listed on both the NASDAQ and the TSX under the trading symbol "CNL".
Qualified Persons (QP) and NI 43-101 Disclosure
The Mineral Resource and the scientific and technical
information relating to the Mineral Resource in the technical report and in this news release was prepared by Ivor W.O. Jones, FAusIMM,
P.Geo. (APEGBC), an independent Qualified Person as defined by NI 43-101. Mr. Jones has verified the data underlying the Mineral Resource
and has reviewed and approved the Mineral Resource information contained in this news release in the form and context in which it appears.
Information Contact:
Follow Executive Chairman Ari Sussman (@Ariski73) on
X
Follow Collective Mining (@CollectiveCNL) on X, (Collective
Mining) on LinkedIn, and (@collectivemining) on Instagram
To see our latest corporate presentation and related
information, please visit www.collectivemining.com.
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 metal recovery rates; future growth potential of Collective; the Company's planned 2026 drilling program and
its funding; the timing of receipt of pending assay results, including for drill hole APC180-D4; the potential to expand the Ramp Zone
and other mineralization at Apollo; the arrival of additional deep-drilling rigs and the planned drilling of the Ramp Zone to 0 masl in
2027; the timing of an updated Mineral Resource and a Preliminary Economic Assessment; 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; changes 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 and increasing costs associated with mining inputs and labor; 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 30, 2026.
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. Readers should refer to the
Risk Factors section in the Company's Annual Information Form, dated March 30, 2026.
Cautionary Note to United States Investors
The Company is a Canadian issuer that reports its
Mineral Resource information in accordance with NI 43-101 and the CIM Definition Standards, which differ from the mineral property disclosure
requirements applicable to U.S. domestic issuers under Subpart 1300 of Regulation S-K ("S-K 1300"). As a foreign private issuer
eligible to file reports with the U.S. Securities and Exchange Commission pursuant to the U.S.-Canada Multijurisdictional Disclosure System,
the Company is not currently required to prepare its mineral property disclosure in accordance with S-K 1300. Accordingly, Mineral Resource
information contained in this news release may not be comparable to similar information disclosed by U.S. companies subject to S-K 1300,
and there can be no assurance that Mineral Resources reported by the Company under NI 43-101 would be the same if prepared in accordance
with S-K 1300.
SOURCE Collective Mining Ltd.
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2026/22/c5662.html
%CIK: 0001953575
For further information: Investors and Media: Eduardo Cervantes,
Vice President, Corporate Development & Investor Relations, Collective Mining Ltd., e.cervantes@collectivemining.com, +1 416-717-9577
CO: Collective Mining Ltd.
CNW 17:00e 22-OCT-26