Pan Global Reports Positive Drill Results at Escacena Project in Spain

About Pan Global Resources

Pan Global Resources Inc. is a Canada-based copper exploration and development company focused on the prolific Iberian Pyrite Belt in southern Spain. The company's flagship project is the 5,760-hectare Escacena Project, located near operating mines at Las Cruces and Riotinto.

Pan Global aims to capitalize on copper's strong fundamentals and long-term outlook driven by demand for electrification and energy transition. The company has an experienced management team with proven expertise in exploration, development and mine operations. Pan Global is committed to operating safely and responsibly.

The company is listed on the TSX Venture Exchange under the ticker PGZ and on the OTCQX under PGZFF.

Drilling Extends Mineralization at Cañada Honda Target

Recent drilling by Pan Global has extended copper-gold mineralization 600 meters down-dip at the Cañada Honda target within the Escacena Project area.

Three new drill holes (CHD05, CHD06, CHD07) were completed at Cañada Honda, following up on previous positive results. Highlights include:

• CHD05 intersected 20 meters at 0.5% copper, 0.8 g/t gold, 1.9 g/t silver, including a higher grade interval of 5.1m at 1.3% copper.
• CHD06 hit 7 meters at 0.6% copper, 0.8 g/t gold, 6.5 g/t silver.
• CHD07 intersected 5 meters at 1.1 g/t gold, 0.2% copper, 2.3 g/t silver.

The drilling has now delineated copper-gold mineralization extending 600 meters down-dip and open at depth, coincident with a strong gravity anomaly. The results highlight the potential for copper-gold mineralization to significantly expand along strike, as the gravity anomaly extends for 2 kilometers.

Numerous high-grade gold rock samples at surface, further west of the drilling, provide additional evidence for a large mineralized system at Cañada Honda.

Zarcita Drilling Hits Higher Grade Copper

At the Zarcita copper target, also within the Escacena Project area, Pan Global has completed an additional 13 drill holes totaling over 4,300 meters.

The focus was on a 600 meter section coincident with historical mine workings that previously produced copper. Drilling intersected narrow intervals of high-grade copper within a larger zone of stockwork veining and alteration.

Highlight intercepts include:

• 5.5 meters at 0.7% copper from 106.2 meters depth in hole ZAD06
• 1.9 meters at 1.6% copper and 0.15 g/t gold in ZAD06
• 1.4 meters at 1.4% copper in ZAD06

The results confirm the potential for higher grade copper mineralization around the historic workings, where drilling has been wide-spaced. Mineralization remains open down-dip and along trend.

Untested electromagnetic and IP anomalies around Zarcita represent additional prospective targets for future drilling.

Upcoming Exploration Activity

According to Pan Global, drilling is now focused on the highly prospective Romana West target, which represents the western extension of the La Romana copper-tin-silver discovery.

In addition to Romana West, the company has over 12 priority geophysical targets to sequentially drill test across the large Escacena land package. Ongoing exploration continues to identify new targets as well.

Assay results from the initial holes drilled at Romana West are expected soon and have potential to demonstrate resource growth.

Conclusion

The recent positive drill results from the Cañada Honda and Zarcita targets reinforce the potential for Pan Global Resources to outline a major copper-focused mineral district at its Escacena Project in Spain.

Drilling has successfully extended the copper-gold mineralization to 600 meters depth at Cañada Honda, demonstrating significant room for further expansion based on geophysics and high-grade surface rock samples. At Zarcita, drilling intersected encouraging high-grade copper intervals associated with historical workings, open along trend and down-dip.

With drilling now progressing at the highly prospective Romana West target, part of the La Romana discovery, investors can expect a steady news flow of assay results. Beyond Romana West, Pan Global has over 12 priority geophysical anomalies to sequentially drill test across its district-scale land package, where ongoing exploration continues to yield new targets.

For investors, Pan Global provides attractive leverage to the compelling copper narrative, through a large prospective project in a top-tier mining jurisdiction. The experienced technical team is methodically exploring and advancing the project pipeline, as demonstrated by the latest positive drill results from Cañada Honda and Zarcita. With multiple catalysts on the horizon, Pan Global offers investors exposure and upside potential through copper discovery and resource growth in Spain.