Collective Metals Inc. announced commencement of their Phase Two Exploration Program on its Princeton Copper Project. This Program is a regional reconnaissance soil program designed to evaluate 11 previously untested priority target areas across the Project. The smaller soil grids are intended as initial reconnaissance surveys, characterized by relatively widely spaced lines and a 75 m station interval.

Anomalous results will be followed up with infill lines as required. Geochemical results from the soil grids are intended to further evaluate previously identified anomalies and complement existing data available for the Property, including surface geochemistry (i.e., silts, soils and/or rocks), radiolithic, magnetic and/or 3D Induced Polarization surveys. The Company's objective for these broad regional survey grids is to identify additional copper porphyry targets for further exploration and delineation in the coming months.

The Program will consist of approximately 900 Ah or B horizon soil samples collected across eleven target areas identified as high priority areas. Anomalous results returned from the Phase I soil survey in the Trojan - Condor Corridor will be further developed through addition of infill lines (to reduce line spacing) and extending previous soil lines northeast in the Condor area and farther southwest from the Trojan area. Other comparable smaller soil grids will cover: areas of anomalous alteration identified at surface (i.e., Fourteen Mile Creek), Triassic age intrusions exposed at surface (i.e, Mount Pike Suite, Lamont Ridge, Goat and Findlay showings), Anomalous soils previously collected (i.e., Fifteen Mile Creek), and intrusions with spatially associated strong magnetic signatures.

Triassic diorite intrusions are indicated in pink, together with mineral occurrences based on the MINFILE database. The Copper Mountain Intrusive Complex, which hosts the Copper Mountain Mine, is evident at lower right. Project boundary indicated by solid red line.

exploration model is similar to the model used at Kodiak Copper's MPD property, located approximately 30 km to the north-northeast. D documented mineralized occurrences within, and adjacent to, the Property, together with a wealth of information acquired by previous operators, the BC Geological Survey Branch and Geoscience BC document interpreted porphyry-style alteration and/or mineralization. The Project is easily accessible by road and is located immediately west of Highway 3 south of Princeton, BC, in a well-established mining district with excellent infrastructure, a local workforce and support services.

The Project hosts potential for identification of one (or more) copper gold alkalic porphyry occurrences similar in age and deposit type to the Copper Mountain Mine. The Project is also approximately 10 km west of Hudbay Minerals Inc.'s currently producing Copper Mountain Mine, which hosts a Proven and Probable Mineral Reserve of 7702 Mt of 0.24% Copper1.