Pan Global Resources Expands Gold-Copper Mineralization at Cañada Honda - Escacena's Latest Discovery

• Pan Global Resources intersects 6.5m of 1.22 g/t gold and 14m of 0.46% copper at Cañada Honda discovery.
• Drilling confirms copper-gold mineralization continues down-dip to the north, with higher grades coincident with gravity anomaly.
• Multiple stacked-vein-hosted gold intersections discovered, with grades up to 6.5g/t gold.
• Cañada Honda mineralization associated with a 3km-long, coincident gravity and heliborne-electromagnetic target.
• Results suggest potential for extensive mineralization at Cañada Honda, expanding Escacena Project's prospects.

Gold-Copper Potential at Cañada Honda

Pan Global Resources Inc. (TSXV:PGZ) is a Vancouver-based mineral exploration company focused on discovering copper-rich deposits in geopolitically stable and mining-friendly jurisdictions. With a land package of 5,760 hectares, Pan Global is strategically positioned in a mineral-rich region with a favorable permitting track record, excellent infrastructure, and strong support for copper as a Strategic Raw Material by the European Commission. The company's membership in the United Nations Global Compact underscores its dedication to responsible and sustainable mining practices.

With its flagship Escacena Project located in the prolific Iberian Pyrite Belt of southern Spain, Pan Global is positioned at the forefront of copper exploration in a tier-one jurisdiction for mining investment. The company's commitment to responsible exploration, coupled with its experienced team and strategic focus on copper – a critical metal for global electrification and energy transition – makes it an intriguing prospect for investors looking to capitalize on the growing demand for essential metals in the green energy revolution.

Key Intersections and Their Significance

Pan Global Resources has announced exciting new results from its ongoing drill program at the Cañada Honda copper-gold discovery, part of the company's 100% owned Escacena Project. The latest findings from three additional holes have successfully expanded the known mineralization and reinforced the potential for a significant deposit at Cañada Honda.

The most recent drilling campaign has yielded several notable intersections that highlight the growing potential of the Cañada Honda discovery:

1. Drillhole CHD14: 6.5m at 1.22 g/t gold and 1.4 g/t silver from 315.5m, 14m at 0.46% copper, 0.16 g/t gold, and 5.2 g/t silver from 355m
2. Drillhole CHD16: 13m at 0.62 g/t gold from 239m, including 1m at 0.65% copper, 1.92 g/t gold, and 2.7 g/t silver, 1m at 5.53 g/t gold and 1.1 g/t silver from 322m, 15m at 0.23% copper, 0.51 g/t gold, and 1.1 g/t silver from 340m, including 1m at 3.55 g/t gold and 5.4 g/t silver

These results are particularly significant as they confirm the continuation of copper-gold mineralization down-dip to the north, with higher grades coinciding with the previously identified gravity anomaly. The multiple stacked-vein-hosted gold intersections, with grades reaching up to 6.5 g/t gold, further enhance the economic potential of the discovery.

Expanding the Footprint of Mineralization

The latest drill results have successfully expanded the surface extent of mineralization at Cañada Honda to more than 450m x 450m. This expansion is particularly noteworthy given that all drilling to date has been concentrated at the eastern end of a much larger, mostly untested 3km east-west coincident gravity and heliborne electromagnetic (HEM) target.

Tim Moody, President & CEO of Pan Global, commented on the results:

"The scale of the geophysics targets, combined with drillhole confirmation that mineralization is associated with the anomaly, suggests Cañada Honda mineralization may be extensive."

Geophysical Correlation and Future Exploration Plans

The correlation between the gravity anomaly and the higher-grade mineralization provides valuable guidance for future exploration efforts. Downhole electromagnetic (DHEM) surveys completed in all three new drillholes indicate potential for stronger sulphide mineralization up-dip and coincident with the modelled gravity target, consistent with the higher copper-gold grades observed in previous drilling.

Based on these encouraging results, Pan Global has outlined plans for three additional drillholes aimed at testing for higher-grade extensions of the mineralization to the west. These planned holes will follow vectors derived from the drill results and geophysical data, potentially leading to even more significant discoveries.

Cañada Honda in the Context of the Escacena Project

The Cañada Honda discovery is located just 3.5km north of Pan Global's La Romana copper-tin-silver deposit, where delineation drilling continues. This proximity highlights the potential for multiple deposits within the Escacena Project, enhancing its overall value proposition for investors.

The Escacena Project's location in the Iberian Pyrite Belt, near operating and former mines, underscores the region's rich mineral endowment. The project's proximity to the Riotinto mine and the former Aznalcóllar and Los Frailes mines, where Minera Los Frailes/Grupo México is in the final permitting stage with construction anticipated to start in 2024, further validates the area's prospectivity.

Technical Details and Quality Assurance

Pan Global maintains rigorous quality assurance and quality control (QA/QC) procedures in its exploration programs. Core samples undergo thorough preparation and analysis, with regular insertion of duplicate samples and certified reference materials to ensure accuracy and reliability of results.

The company's exploration activities are overseen by qualified persons, including Álvaro Merino, Vice President Exploration for Pan Global Resources, who has approved the scientific and technical information disclosed in a recent press release.

Investment Implications

The latest results from the Cañada Honda discovery present several compelling reasons for investors to take notice of Pan Global Resources:

• Expanding Resource Potential: The confirmation of mineralization continuity and expansion of the known mineralized footprint significantly enhance the resource potential of the Cañada Honda discovery.
• Multiple Discovery Opportunities: With Cañada Honda located just 3.5km from the La Romana deposit, the Escacena Project demonstrates potential for hosting multiple economically viable deposits.
• Strategic Location: The project's position in the Iberian Pyrite Belt, a world-renowned mining district, provides geological credibility and potential operational synergies.
• Focused Exploration Strategy: Pan Global's use of advanced geophysical techniques to guide drilling has proven effective, potentially leading to more efficient resource delineation and discovery of new targets.
• Copper Focus: With copper playing a crucial role in the global transition to clean energy, Pan Global's focus on copper-rich deposits aligns well with long-term market trends.
• Experienced Management: The company's leadership team brings a wealth of experience in exploration, discovery, and mine development, increasing the likelihood of project success.
• Responsible Practices: Pan Global's commitment to environmental stewardship and community engagement, as evidenced by its UN Global Compact membership, mitigates potential ESG risks for investors.

Upcoming Catalysts and Future Outlook

Investors should keep an eye on several upcoming catalysts that could drive Pan Global's value:

• Additional Drill Results: With ongoing drilling at both Cañada Honda and La Romana, a steady stream of results is expected in the coming months.
• Resource Estimates: As exploration progresses, the company may be positioned to release initial or updated resource estimates for its discoveries.
• New Target Exploration: The company has announced plans to commence exploration at the large Bravo gravity target east of La Romana, potentially leading to new discoveries.
• Metallurgical Studies: Advancement of metallurgical work could provide insights into the economic viability of the mineralization.
• Permitting Progress: Any advancements in permitting or land acquisitions could significantly de-risk the project and enhance its value.

Conclusion

Pan Global Resources' latest results from the Cañada Honda discovery represent a significant step forward in realizing the full potential of the Escacena Project. The expansion of known mineralization, coupled with the identification of high-grade gold and copper intersections, paints a promising picture for the company's future.

For investors seeking exposure to the copper sector, Pan Global offers an compelling opportunity to invest in a well-positioned junior explorer with a strategic land package in a tier-one mining jurisdiction. The company's focus on copper, a metal critical to the global energy transition, aligns well with long-term market trends and potential demand growth.

However, as with all mineral exploration companies, investors should be aware of the inherent risks associated with the sector, including the uncertainty of exploration success, potential capital requirements for project advancement, and sensitivity to commodity price fluctuations.

Nevertheless, Pan Global Resources' systematic approach to exploration, experienced management team, and commitment to responsible mining practices position it as an attractive option for investors looking to capitalize on the growing demand for copper and the potential of new discoveries in established mining districts. As the company continues to advance its exploration efforts and uncover the full potential of the Escacena Project, Pan Global Resources remains a company to watch in the junior mining sector, offering the potential for significant value creation as it progresses from exploration to potential development stages.