Pan Global Resources Expands Cañada Honda Copper-Gold Discovery in Spain

• Pan Global Resources intersects 11m at 2.36g/t gold and 22m at 0.41% copper at Cañada Honda target
• Results indicate copper and gold mineralization is expanding and remains open
• Near-surface gold intercept with elevated silver grades in the east of the target area
• Stepout drilling underway to test continuity of mineralization along 2km gravity anomaly
• Pan Global actively targeting copper-rich deposits in tier-one jurisdiction of the Iberian Pyrite Belt

About Pan Global Resources

Pan Global Resources Inc. is a copper-focused exploration company advancing its flagship Escacena Project in the prolific Iberian Pyrite Belt of southern Spain. The Company's team consists of proven talent in exploration, discovery, development, and mine operations, all committed to operating safely and respecting the environment and local communities. As a member of the United Nations Global Compact, Pan Global adheres to its principles. The Escacena Project covers 5,760 hectares and is strategically located near the Riotinto mine and the Aznalcóllar and Los Frailes mines, with excellent infrastructure and a supportive jurisdiction for mining.

Cañada Honda Copper-Gold Discovery Expands

The latest drill results from the Cañada Honda target within the Escacena Project have returned the best gold grade and thickness intercepted to date, along with significant copper mineralization. Drillhole CHD12 intersected 11m at 2.36g/t gold within a broader 17m interval grading 1.58g/t gold from 285m depth. The same hole also encountered 22m at 0.41% copper, including 3m at 0.68% copper, 0.61g/t gold, and 2.6g/t silver from 342m.

These results indicate that the copper and gold mineralization at Cañada Honda is expanding to the west and over broader intervals while remaining open downdip and to the east. The increasing width of mineralization to the west, coincident with geophysical anomalies, suggests excellent potential for the mineralization to continue and improve along the two-kilometer east-west gravity target.

Near-Surface Gold Potential in the East

In the eastern portion of the Cañada Honda target area, drillhole CHD11 returned a near-surface gold intercept of 4.3m at 1.70g/t gold and 17.7g/t silver from just 38m depth. This intercept included a higher-grade subinterval of 1m at 4.16g/t gold and 34.6g/t silver. These results confirm the presence of additional near-surface mineralization in the east, with mineralization remaining open in this direction and copper grades increasing downdip.

Ongoing Exploration & Future Potential

Pan Global is conducting wide-spaced stepout drilling to test the continuity of the copper-gold mineralization at Cañada Honda, guided by a robust geophysical model. A total of 13 drillholes have been completed thus far, spanning a surface area of 450 by 300 meters. The strong correlation between the drill results and the geophysical targets is highly encouraging for the potential to discover additional mineralization along the two-kilometer-long gravity anomaly.

The Cañada Honda discovery exhibits two styles of mineralization:

1. Copper-gold volcanogenic massive sulphide (VMS) style mineralization, similar to the nearby former Aznalcóllar and Los Frailes mines; and
2. Gold mineralization associated with quartz-sulphide veins and stockwork, which is uncommon in the host rocks of the Iberian Pyrite Belt.

The presence of these two mineralization styles enhances the exploration potential at Cañada Honda and the greater Escacena Project.

Favorable Jurisdiction & Strategic Metals Focus

The Escacena Project is located in a tier-one mining jurisdiction within the Iberian Pyrite Belt, benefiting from a favourable permitting track record, excellent infrastructure, and a rich history of mining expertise. The European Commission has recognized copper as a Strategic Raw Material, highlighting the importance of projects like Escacena in the region.

Pan Global's strategic focus on copper is driven by the compelling supply-demand fundamentals and the anticipated strong long-term prices for this critical metal, which is essential for global electrification and the energy transition. The Company's commitment to copper exploration in a highly prospective and supportive jurisdiction positions it well to capitalize on the growing demand for this strategic metal.

Conclusion

Pan Global Resources' latest drill results from the Cañada Honda target underscore the expanding nature of the copper-gold mineralization within the Escacena Project. The increasing scale and open-ended potential of the mineralization, coupled with the project's strategic location in a premier mining jurisdiction, make Pan Global an attractive investment opportunity for those seeking exposure to copper and gold exploration success.

With a proven management team, a focus on sustainable and responsible exploration practices, and a pipeline of compelling targets within the Escacena Project, Pan Global is well-positioned to create value for investors as it advances its copper-gold discoveries in southern Spain. As the Company continues its exploration efforts and unlocks the potential of the Cañada Honda discovery and other prospects, investors have the opportunity to participate in the growth of a promising copper-focused exploration company in a world-class mining district.