Pan Global Resources Outlines 2023 Achievements & Exploration Plans for Escacena Project

• Expanded La Romana copper-tin-silver discovery area by over 25% in 2023 drilling
• Maiden mineral resource estimate for La Romana planned for 2024
• New copper-gold discovery at Cañada Honda in 2023 with additional drilling underway
• Advancing 12 new geophysical targets across Escacena Project
• Well-funded for active 2024 exploration program

About Pan Global Resources

Pan Global Resources Inc. is a copper exploration and development company targeting projects in prolific districts to capitalize on copper's role in the global energy transition. Its flagship Escacena Project is located in Spain's Iberian Pyrite Belt, a top-tier mining jurisdiction with strong infrastructure and support for critical minerals development.

2023 Drilling Expands La Romana Discovery

In 2023, Pan Global completed 60 drill holes across 5 targets at its 100% owned Escacena Project, mainly focused on expanding the La Romana copper-tin-silver discovery. Drilling successfully increased the known strike length of La Romana by over 25% to 1.35 km, open along strike and at depth. Additional results from 9 completed La Romana drill holes are pending.

Preliminary metallurgical tests on La Romana mineralization returned excellent recoveries of 86-90% copper using a coarse grind size, comparing favorably to other mines in the region. Testing also showed high-grade copper concentrates with additional silver credits and minimal impurities.

New Copper-Gold Discovery at Cañada Honda

Exploration drilling in 2023 led to a new copper-gold discovery at the Cañada Honda target, located just 2km from La Romana. An initial 11-hole program at Cañada Honda has confirmed mineralization across a 2km long gravity anomaly that remains open along strike. After pausing for the holiday season, drilling now resumes at Cañada Honda in January 2024.

Additional regional exploration work has expanded Pan Global's portfolio to over 12 new geophysical targets in need of drill testing across the prospective Escacena concessions.

Well-Funded 2024 Exploration Program Advancing

With C$6 million raised in late 2023, Pan Global is fully funded to execute its 2024 exploration programs focused on expanding and de-risking its two recent copper discoveries. The high-impact goals for 2024 include:

1. Delineate the extensions of the La Romana mineralization to support a maiden mineral resource estimate
2. Complete further metallurgical testing on La Romana to optimize recoveries
3. Drill test the expansive potential of the new Cañada Honda copper-gold discovery
4. Prioritize and drill test the most prospective regional targets from the 12 new geophysical anomalies identified

With its experienced technical team, supportive mining jurisdiction, and potential Tier 1 scale discoveries in hand, Pan Global offers investors tremendous leverage on exploration success and copper upside in 2024. Pending catalysts include the steady flow of drill results from La Romana and Cañada Honda, regional target testing, and the maiden La Romana resource estimate. For risk-tolerant investors, Pan Global provides copper leverage with huge discovery potential.