Collective Metals Inc. announced initiation of its Core Relogging Program on its property, the Princeton Project (the "Project" or the "Property"), in south-central British Columbia. The Property hosts several alkalic Cu-Au porphyry targets associated with Triassic diorite intrusions analogous to those associated with the currently producing Copper Mountain Mine, which lies approximately 10 km to the east of the Project. A small crew has been mobilized to review, re-log and sample core from the previous operator's 2014 drill program.

The core from the four diamond drill holes (the "Core") is stored at Keremeos and is easily accessible. The Core will be examined in the context of the previous operator's descriptions. However, since 2014, there have been significant advances in the understanding of alkalic Cu-AU porphyries versus the more widely known Cu-Mo calc-alkaline porphyries, particularly with respect to the comparatively smaller three-dimensional footprint associated with alkalic porphyries.

With respect to re-logging /re-sampling the Core, emphasis will be placed on the nature of alteration evident in the drill core. In particular, the Company is interested in: the extent to which sericite and/or epidote alteration is developed in the Core, in which holes and at what depths; and the extent of fault development in the holes, given proximity to the regionally significant Whipsaw Creek fault. Information from the drill holes will be used, together with results of the re-processed digital geophysics, (particularly the sub-surface Induced Polarization Chargeability anomalies) to identify targets for the proposed drill program.

In addition, further fieldwork planned for the Project includes, but is not limited to: a series of initial Induced Polarization surveys on multiple grids in the Fourteen Mile Creek and Lamont Ridge area and the China Ridge area north of the Tulameen River; detailed mapping of available outcrop, primarily along the logging road network in the Trojan-Condor, Fourteen Mile Creek and Lamon Ridge areas, with an emphasis on the styles of alteration exposed; and potentially a diamond drill program in fall 2024 in the Trojan - Condor Corridor once an approved Mines Act permit has been received. Another objective of the Program will be to gain a better understanding of the relationship(s) between the diorite /gabbro /pyroxenite intrusions identified on the Property with respect to both the Copper Mountain Suite documented at Copper Mountain (to the east) and the Tulameen Mafic - Ultramafic Complex (to the west).