Collective Mining Ltd. Appoints Ned Jalil as New CEO to Advance Guayabales Project

Collective Mining Ltd. Appoints New CEO to Drive Project Advancements

Collective Mining Ltd. announces the appointment of Ned Jalil as its new Chief Executive Officer, effective immediately. This leadership change comes as former CEO Omar Ossma transitions to the role of President, where he will manage the day-to-day operations of the company. Jalil brings over 25 years of mining industry experience to the role, having held significant positions at Kinross Gold and Appian Capital. His career is marked by considerable achievements in project development, including the discovery of a substantial 5-million-ounce resource at the Great Bear project and the successful, timely, and cost-effective construction of the MVV Copper-Gold Project.

As CEO, Jalil is set to focus on advancing Collective Mining's flagship Guayabales project, which features the Apollo system, a notable high-grade gold-silver-copper-tungsten deposit. His extensive background in mining engineering, coupled with an MBA, positions him well to leverage the potential of this project. Jalil expresses enthusiasm about the project's prospects and the supportive mining community in Colombia, indicating a commitment to fostering relationships that could enhance the project's development. His appointment aligns with the company's broader strategic vision of capitalizing on the rich mineral resources in the region.

Ari Sussman, Executive Chairman of Collective Mining, welcomes Jalil’s dynamic leadership style, emphasizing its importance in driving the Guayabales project toward production. The company, which was founded by the same team responsible for the $2 billion sale of Continental Gold to Zijin Mining, is primarily focused on exploring gold, silver, copper, and tungsten in Caldas, Colombia. With options to acquire 100% interests in two additional projects within a mining camp that houses ten operational mines, Collective Mining is well-positioned for growth. Management and insiders hold approximately 33.4% of the company's outstanding shares, ensuring their interests are closely aligned with those of shareholders.

In addition to the leadership transition, Collective Mining continues to solidify its presence in the Colombian mining sector. The company is dedicated to sustainable mining practices and fostering local community engagement as it progresses through various exploration and development phases. The strategic focus on the Guayabales project reflects a robust commitment to harnessing Colombia's rich mineral wealth while prioritizing responsible mining initiatives.