High-Grade Copper Results at Pan Global's Profunda Target Strengthens Spanish Project Portfolio

• Pan Global Resources has announced significant copper mineralization from underground channel sampling at the Profunda target in its 100%-owned Cármenes Project in northern Spain, with results averaging 3.62% copper across 27 samples.
• The company has identified a substantial 500m x 150m soil copper anomaly that extends beyond historical mine workings, suggesting potential for additional mineralization discovery.
• Drilling operations are currently active at two locations: the Providencia target in the Cármenes Project and the Bravo target in the flagship Escacena Project in southern Spain.
• The high-grade results include copper values of up to 25.7% over 1m, with significant cobalt and nickel credits enhancing the resource potential.
• Management believes these results support the theory that the project area could host multiple high-grade breccia structures, making it an important component of Pan Global's expanding copper exploration portfolio in Spain.

Pan Global Resources Inc. (TSXV: PGZ) is a mineral exploration company focused on acquiring and developing copper-rich mineral deposits in mining-friendly jurisdictions. The company is actively pursuing copper opportunities due to favorable supply-demand fundamentals and the metal's critical role in global electrification and energy transition. Pan Global's flagship project is the Escacena Project in the Iberian Pyrite Belt of southern Spain, while the Cármenes Project in northern Spain represents an expanding component of their portfolio. The company emphasizes responsible exploration and development, operating under the principles of the United Nations Global Compact.

High-Grade Results from Profunda Target

Pan Global Resources has reported impressive high-grade copper results from underground channel sampling at the Profunda target within its wholly owned Cármenes Project in northern Spain. The sampling program revealed continuous intervals of higher-grade mineralization from a past-producing mine that previously operated in the early 1930s.

The 27 channel samples collected from the mine walls in the upper 60m of workings returned an average of 3.62% copper, 0.17% cobalt, 0.09% nickel, and 5.7 g/t silver. Particularly notable results from continuous channel sampling include:

• 25.7% Cu, 0.37% Co, 0.53% Ni, 41.7 g/t Ag over 1m
• 5.2% Cu, 0.14% Co, 0.13% Ni, 5.9 g/t Ag over 5m
• 8.5% Cu, 0.10% Co, 0.11% Ni, 20.1 g/t Ag over 2m
• 2.2% Cu, 0.07% Co, 0.06% Ni, 2.4 g/t Ag over 3m

Tim Moody, Pan Global President and CEO, highlighted the significance of these results in a news release,

"These first detailed rock channel sample results from the walls of the underground mine workings at the past producing Profunda mine indicate continuous intervals of higher-grade mineralization. Mining last occurred at Profunda for copper, nickel, and cobalt in the early 1930s. The Providencia target, 1km to the north of Profunda, returned similar high-grade channel sample results. Sampling and geological mapping at the Cármenes Project supports the potential for discovery of multiple high-grade breccia structures in the Project area."

Expanding Mineralization Footprint Beyond Historical Workings

One of the most promising aspects of the latest exploration results is the identification of a substantial 500m x 150m soil copper anomaly from initial wide-spaced portable-XRF soil sampling. This anomaly extends well beyond the historical mine workings, suggesting significant potential for additional mineralization discovery.

The anomalous area is associated with strong dolomitic alteration, breccia, and gossan mapped at the surface, which are key indicators of potential mineralization. The channel samples were collected from within the upper 60m of the mine workings, with tunnels and shafts extending to 260m depth below surface.

Geological mapping inside the mine workings reveals that the breccia mineralization is spatially associated with a series of east-west trending fault structures. Regionally, it is located near the junction of interpreted northeast and northwest trending fault zones, a structural setting often favorable for mineralization.

Ongoing Exploration & Future Development Plans

Pan Global is pursuing a methodical approach to further delineate and understand the Profunda target. Detailed surface sampling is continuing to better define the surface extent of the mineralization and refine the geological model ahead of drilling.

The company is also incorporating results from a recently completed Helicopter Transient Electro-Magnetic (HTEM), magnetic and radiometric survey over the Cármenes Project. Such geophysical surveys are valuable tools for identifying mineral deposits that may not be evident at the surface.

Simultaneously, drilling operations are underway at the nearby high-priority Providencia target, with first drill results anticipated in the second quarter of 2025. The company has also confirmed the potential for gold mineralization with the identification of a high-grade gold zone adjacent to the main breccia pipe at Providencia, adding another valuable component to the resource potential.

Multi-Project Strategy: Cármenes and Escacena

While the Cármenes Project is showing promising results, Pan Global continues to advance its flagship Escacena Project in southern Spain. Drilling is ongoing at Escacena, focusing on the high-priority Bravo target, step-out and expansion drilling on the La Romana copper-tin discovery, and testing new targets.

This dual-project approach allows the company to develop a pipeline of copper assets across Spain, diversifying exploration risk while maintaining focus on high-potential targets. Results from the Escacena drilling program are also expected in the second quarter of 2025.

Spain: A Strategic Location for Copper Exploration

Pan Global's focus on Spain for its copper exploration efforts is strategically sound for several reasons. The company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt, one of the world's most significant volcanic-hosted massive sulfide (VMS) districts with a mining history dating back thousands of years.

Spain offers a favorable investment environment for mining, with well-established permitting processes, excellent infrastructure, and mining expertise. Additionally, the European Commission has designated copper as a Strategic Raw Material, recognizing its importance for the continent's industrial future and energy transition goals.

As Moody notes in the company's press release, these factors "collectively define a tier-one low-risk jurisdiction for mining investment." This advantageous operating environment enhances the potential value of Pan Global's Spanish copper assets.

Implications for Investors

For investors focused on the critical minerals sector, Pan Global's latest results from the Cármenes Project represent a significant development. The high-grade copper mineralization, with valuable by-products of cobalt, nickel, and silver, positions the company to potentially benefit from growing demand for these metals in the clean energy transition.

The presence of multiple targets within both the Cármenes and Escacena projects provides Pan Global with numerous opportunities for resource expansion. The ongoing drilling programs at both projects should deliver a steady news flow throughout 2025, with results anticipated from both Providencia and Escacena in the second quarter.

The company's methodical approach to exploration, combining detailed sampling, geological mapping, and advanced geophysical surveys, demonstrates a commitment to thorough evaluation of its assets. This systematic exploration strategy increases the probability of successful drill targeting and resource definition.

Well-Positioned for Growth

Pan Global Resources presents an intriguing opportunity for investors interested in copper exploration, particularly those focusing on projects in stable jurisdictions with established mining frameworks. The company's two Spanish projects provide exposure to both the well-known Iberian Pyrite Belt and the emerging carbonate-hosted copper opportunities in northern Spain.

The high-grade nature of the recent results at Profunda, combined with significant cobalt and nickel credits, enhances the potential economic attractiveness of any future resource definition. As drilling continues at both Providencia and Escacena, investors will have multiple catalysts to monitor throughout 2025.

While exploration companies always carry inherent risks related to discovery success and market conditions, Pan Global's diverse project portfolio, focus on copper and critical metals, and presence in a mining-friendly European jurisdiction position it favorably within the junior resource sector. The company's commitment to operating safely and with respect for the environment and partnered communities aligns with increasing investor emphasis on responsible resource development.

As global electrification drives copper demand in the coming decades, companies with promising copper assets in stable jurisdictions are likely to attract increasing attention from both investors and major mining companies seeking to secure future supply.