Collective Metals Inc. has submitted three Notices of Work to the South-Central B.C. regional office of the Ministry of Energy, Mines, and Low Carbon Innovation (EMLI), located in Kamloops. The applications are for 5-year MYABs and include up to 50 diamond drill sites over the five years, 50 line-km of IP on the north portion of the Property, and 50 line-km on the south portion of the Property. The applications include plans for a comprehensive exploration program in 2024 including up to ten (10) diamond drill sites along the Trojan-Condor corridor and 21 line-km of ground-based IP at several outboard targets to follow up on 2023 surface geochemical programs. Year one drilling is proposed along a 3.3-km strike length of the Trojan-Condor corridor in areas where previous exploration trails and forestry roads provide easy access and opportunity for minimal ground disturbance.

The exploration model for the area comprises a buried copper ± gold porphyry associated with Triassic diorite intrusions analogous to the Copper Mountain Mine deposits approximately 10 km to east. Several compelling geophysical and geochemical targets exist along the corridor, where outcrop is scarce due to a veneer ? blanket of glacial till and outwash deposits (please see Company News Release dated Oct.

24, 2023). Drill targets will be refined over the winter months as results of the 2023 soil sampling program are synthesized with historic compilation work, re-processed geophysical datasets, and developing geological knowledge. In addition to a diamond drilling program, the Company has applied to conduct up to 100 line-km of IP (over 5 years) at the Fourteen Mile, Lamont Ridge, Coalmont Road, and Findlay targets.

Fourteen Mile is an approximately 900 x 1,800 m area with previously mapped Iron Carbonate-Silica alteration, sporadic Potassic anomalies and a small exposure of diorite1. High-quality sieved roadside sediment samples collected by the previous operator yielded highly anomalous copper (up to 500 ppm) 2. Lamont Ridge is a historic target area with several altered and pyrite-bearing outcrops, sporadic potassic radiometric anomalies, and weakly to moderately elevated copper in rock samples (517.8 ppm Cu) 3. Findlay is a small (400 x 500 m) area overlying a diorite stock at the south end of the Upper Triassic Rice Stock and a corresponding magnetic high which has historically yielded moderately anomalous Cu in sediment and a rock sample of pyritic diorite returned >300 ppm Cu2. The Coalmont Road target lies along the highway at the north edge of the Rice Stock where a strong bright orange gossan is intermittently exposed over 5 km with associated structures.

These outboard targets all returned multi-element soil geochemical anomalies in the 2023 Phase II soil sampling program, which will be discussed in the coming weeks.