Impressive Copper Drill Results at Pan Global's La Romana Expanding Mineralization

• Pan Global Resources has intersected 1.14% copper over 18 meters at its La Romana discovery, representing the highest near-surface grade-thickness copper intersection in the current drill program.
• The company's latest drilling results confirm the continuity of high-grade mineralization, which remains open in multiple directions, suggesting significant potential for further expansion.
• La Romana is emerging as a standalone open-pit target with copper-tin-silver mineralization now spanning 1.5km east-west, highlighting the scale of the discovery.
• The ongoing 25-hole resource delineation program at La Romana's western extension continues to yield promising results, with three additional holes still to be drilled. PGZ is strategically positioned in the prolific Iberian Pyrite Belt, targeting copper-rich deposits in a tier-one jurisdiction for mining investment.

Pan Global Resources Inc. (TSXV:PGZ) focused on copper-rich deposits, is driven by the metal's strong long-term fundamentals and its critical role in global electrification and energy transition. The company's flagship Escacena Project is strategically located in the Iberian Pyrite Belt of southern Spain, a region renowned for its mineral wealth and favorable mining conditions. Pan Global benefits from excellent infrastructure, strong local support, and the European Commission's designation of copper as a Strategic Raw Material. Led by a team of seasoned professionals with expertise in exploration, discovery, development, and mine operations, Pan Global Resources is committed to sustainable practices and operates under the principles of the United Nations Global Compact.

La Romana: Expanding High-Grade Copper Mineralization

Pan Global Resources has announced compelling results from its ongoing drill program at the La Romana copper-tin-silver (Cu-Sn-Ag) discovery, part of the company's 100% owned Escacena Project. The latest findings from three additional holes have significantly expanded the known mineralization, particularly in the western extension of the deposit.

Highlights of the Drill Results

The standout result comes from drillhole LRD181, which intersected:

• 18.0 meters at 1.24% Copper Equivalent (CuEq), including 1.14% Cu, 0.03% Sn, and 2.6 g/t Ag from 69 meters depth
• Within this interval, a high-grade zone of 5.0 meters at 3.51% CuEq (3.33% Cu, 0.06% Sn, 6.8 g/t Ag)

Additionally, drillhole LRD183 revealed:

• 9.0 meters at 1.31% CuEq (1.27% Cu, 0.01% Sn, 2.7 g/t Ag) from 103 meters
• Including a remarkable 2.0 meters at 5.12% CuEq (5.0% Cu, 0.02% Sn, 10.7 g/t Ag)

Drillhole LRD182 also contributed to the positive results with:

• 7.25 meters at 0.92% CuEq (0.81% Cu, 0.03% Sn, 2.5g/t Ag) from 132.75 meters
• Including 4.0 meters at 1.42% CuEq (1.29% Cu, 0.04% Sn, 3.8g/t Ag)

Implications for Resource Potential

These latest drill results are particularly significant as they confirm the continuity of high-grade copper mineralization in the western extension of La Romana. The intercepts, especially the 18-meter intersection in LRD181, represent some of the best results from the current 25-hole drill program targeting this area.

Tim Moody, President & CEO of Pan Global, emphasized the importance of these findings:

"These drill results from La Romana are very encouraging, confirming the near-surface Cu-Sn-Ag mineralization continues and is open to the west. The new holes are 40-to-50 meters from the next nearest holes and highlight potential to extend the higher-grade copper mineralization with further step-outs."

Expanding the Footprint of La Romana

The La Romana mineralization now spans an impressive 1.5km east-west, showcasing the scale of the discovery. More importantly, the deposit remains open in multiple directions, suggesting significant upside potential for further expansion. This openness to expansion is a key factor for investors to consider, as it implies the possibility of a much larger resource than currently defined.

Pan Global's current focus is on completing a 25-hole resource delineation program at the western extension of La Romana. With three additional holes remaining in this planned program, the company is already anticipating an expansion of drilling activities based on the consistently positive results.

The success of the ongoing program and the potential for expansion underscore the company's commitment to thoroughly exploring and defining the resource at La Romana. This systematic approach to exploration is crucial for building investor confidence in the project's long-term potential.

Geological Context & Mineralization Characteristics

The La Romana discovery is characterized by its near-surface, high-grade copper mineralization with associated tin and silver values. The geological setting within the Iberian Pyrite Belt provides a favorable environment for the formation of significant volcanogenic massive sulfide (VMS) deposits, which are known for their polymetallic nature and potential for large size.

The continuity of mineralization observed in the drill results, coupled with the coincidence of high-grade copper zones with downhole electromagnetic (DHEM) conductor targets, suggests a well-defined and potentially predictable mineralization system. This characteristic is valuable for resource estimation and future mine planning.

Strategic Location & Infrastructure Advantages

The Escacena Project, hosting the La Romana discovery, benefits from its strategic location within the Iberian Pyrite Belt. This region is home to several operating and historical mines, including the nearby Riotinto mine and the former Aznalcóllar and Los Frailes mines. The proximity to existing mining operations underscores the area's proven mineral potential and established mining infrastructure.

Pan Global's land package at Escacena covers 5,760 hectares, providing ample room for further discoveries beyond La Romana. The project's location near existing mines and infrastructure is a significant advantage, potentially reducing future development costs and timelines.

Market Implications & Copper Outlook

Pan Global's focus on copper-rich deposits aligns well with the current market dynamics and future projections for copper demand. As a critical metal for global electrification and the ongoing energy transition, copper is positioned for strong long-term demand growth. This strategic focus on copper exploration and development in a tier-one jurisdiction like Spain offers investors exposure to a commodity with robust fundamentals.

The company's ability to consistently deliver high-grade copper intersections at La Romana, coupled with the potential for resource expansion, positions Pan Global favorably in the copper exploration sector. For investors, this combination of high-grade discoveries in a proven mining district with strong copper market fundamentals presents an attractive investment proposition.

Environmental, Social, & Governance (ESG) Considerations

Pan Global Resources emphasizes its commitment to operating safely and with respect for the environment and local communities. As a member of the United Nations Global Compact, the company adheres to principles of sustainable and responsible mining practices. This focus on ESG factors is increasingly important for investors and can contribute to long-term project success and social license to operate.

The Escacena Project's proximity to the Riotinto mine and the soon-to-be-developed Aznalcóllar and Los Frailes mines provides useful comparisons for investors. The success of these nearby operations underscores the mineral potential of the region and the feasibility of developing new mines in the area. Pan Global's La Romana discovery, with its high-grade copper mineralization, appears to be following a similar trajectory of success in this prolific mining district.

Key Takeaways

Pan Global Resources' latest drill results from the La Romana discovery reinforce the significant potential of the Escacena Project. The expansion of high-grade copper mineralization, coupled with the deposit's openness in multiple directions, presents a compelling case for continued exploration success and potential resource growth.

Future catalysts that investors should watch for include:

• Results from the remaining holes in the current drill program
• Potential expansion of the drill program based on ongoing success
• Updates on resource estimation for La Romana
• Exploration results from other targets within the Escacena Project
• Advancements in project development studies and permitting processes

For investors seeking exposure to the copper sector, Pan Global offers a unique opportunity to participate in the development of a high-grade copper discovery in a premier mining jurisdiction. The company's strategic focus, technical expertise, and commitment to responsible development position it well to capitalize on the growing demand for copper in the global transition to clean energy.

As Pan Global Resources continues to advance the La Romana discovery and explore the broader Escacena Project, investors should closely monitor the company's progress. With each new drill result and project milestone, the value proposition of this emerging copper play in southern Spain becomes increasingly attractive.