Pan Global Resources Poised for Resource Growth at Escacena Copper Project

• Pan Global Resources completed a $6 million financing that was oversubscribed 3 times and will fully fund 2024 exploration at Escacena.
• Recent drilling at La Romana continues to extend mineralization, now to 1.35 km strike length. Latest results included 15.7m at 2.6% copper.
• Mineralization remains open at depth and along strike. Downhole geophysics indicates potential for more high-grade mineralization.
• Drill rig currently at Cañada Honda target where initial drilling has found a new discovery. More drilling planned there and at La Romana in 2024.
• Company plans to complete resource estimate and preliminary economic assessment for La Romana in 2024. Continued drilling could expand size.

About Pan Global Resources

Pan Global Resources is a junior exploration company focused on advancing its 100% owned Escacena copper-tin project located in the prolific Iberian Pyrite Belt in southern Spain. The company has made significant progress delineating a potentially economic deposit at the La Romana zone on the property. Ongoing drilling continues to demonstrate continuity of mineralization and potential to expand the size of the deposit.

Recent Financing Positions Pan Global for Active 2024 Exploration Program

Pan Global recently completed a successful $6 million financing that was oversubscribed by 3 times. This financing attracted new institutional investors, particularly from Europe, and has provided the funding required to carry out Pan Global's planned exploration activities in 2024.

With a tight capital structure of only 242 million shares outstanding and a strong institutional shareholder base, Pan Global is in a relatively strong position compared to many junior explorers that have struggled to raise sufficient capital in the current market environment. The company has efficiently operated with only one drill rig and has not needed external financing for over 2.5 years.

Continuity of Mineralization Demonstrated at La Romana

Recent drilling results from La Romana have extended the known mineralization to 1.35 km of strike length. The latest holes, located at the western end of La Romana, returned some of the highest grade intercepts drilled to date. A key hole hit 15.7 meters at 2.6% copper, 0.3% tin and 5.9 g/t silver.

Mineralization remains open at depth and along strike to the west and north. The continuity of mineralization is a very positive attribute that improves the potential economics.

The mineralization comes to surface in the south and dips 35-40 degrees to the north. This presents ideal geometry for a potential open pit mining operation.

Downhole electromagnetics indicates a large conductor anomaly below the recent high grade drilling. This points to significant potential for additional high grade mineralization at depth. Further drilling will target expanding this area.

Active Exploration Planned for 2024

With a fully funded exploration budget, Pan Global plans an active program in 2024 focused on resource delineation at La Romana and testing high priority exploration targets.

Drilling is currently underway at the Cañada Honda target where initial holes have made a new discovery. More drilling is planned here to delineate this zone.

At La Romana, additional drilling is aimed at continuing to extend mineralization to the west. Once this phase is complete, the company intends to finalize an initial resource estimate. Pan Global will also evaluate the potential to incorporate a Preliminary Economic Assessment with the maiden resource.

Beyond La Romana and Cañada Honda, Pan Global has an extensive pipeline of exploration targets defined by geophysics, geology and geochemistry. These present substantial upside potential for new discoveries that could significantly expand the resource base.

Favorable Location and Infrastructure

An important advantage for Pan Global is the favorable location within an established mining district. The project area has excellent infrastructure, is easily accessible year-round, and enjoys strong local community support.

The permitting process in the region has proven faster than many other jurisdictions, with recent examples of mines being built within 2-3 years from discovery. Major mining projects are advancing on properties immediately adjacent to Escena, which will further improve infrastructure.

Investment Thesis for Pan Global Resources

• Drilling success continues to demonstrate resource potential - Ongoing results show continuity that is positive for economics. Mineralization remains open with resource expansion potential.
• New discovery provides upside - Initial drilling at Cañada Honda has made a new discovery that adds to resource upside. Many untested exploration targets could yield additional discoveries.
• Strong financial position - Recent oversubscribed financing eliminated need to raise additional funds in near term. Tight share structure with institutional backing.
• Favorably located in proven mining district - Excellent infrastructure, community support, and rapid permitting timelines.

Pan Global offers investors exposure to continued resource expansion and new discovery potential in a top-tier mining jurisdiction. The current share price presents an attractive entry point before additional drilling results and advancement towards initial resource estimate.

Conclusion

With a solid financial footing and active exploration program planned, Pan Global Resources is poised to continue demonstrating and expanding the resource potential at its Escacena project. The company offers investors an attractive investment exposure to potential resource growth in a proven and mining-friendly jurisdiction. Additional positive drill results expected over coming months could provide important catalysts for a re-rating of the shares.