Pan Global Resources Reports Positive Drill Results Expanding Mineralization at the La Romana Copper-Tin Discovery in Spain

About Pan Global Resources

Pan Global Resources Inc. is a Canada-based mining company focused on the exploration and development of copper deposits given copper’s strong supply-demand fundamentals. The company’s flagship project is the Escacena Project located in the prolific Iberian Pyrite Belt in southern Spain. The project includes the La Romana copper-tin-silver discovery as well as several other prospective targets. Pan Global’s experienced management team is committed to exploring and operating safely while respecting local communities and the environment.

La Romana Mineralization Expanded Down-Dip and Along Strike

Recent assay results from Pan Global’s ongoing drill program at the Escacena Project have significantly expanded the copper and copper-tin-silver mineralization at the La Romana discovery. The latest results are from 15 drill holes testing extensions of the mineralization downdip and along strike as well as infill drilling.

Highlights from the step-out drilling include:

• 30m at 0.3% Cu and 1.8g/t Ag from 151m in hole LRD146
• 32.25m at 0.4% Cu, 0.05% Sn and 1.3g/t Ag from 114m in LRD147
• 36.5m at 0.3% Cu and 1.7g/t Ag from 288m in LRD153

The step-out holes have expanded the northern limits of the mineralization 50-70m downdip in several areas. The copper and tin mineralization remains open at depth and along strike presenting further expansion potential.

Infill Drilling Continues to Delineate Wide Zones of Mineralization

Infill drilling within La Romana continues to delineate wide intervals of copper, tin and silver mineralization near surface and extending over 400m vertically. Highlights include:

• 23m at 0.4% Cu, 0.12% Sn and 2g/t Ag from 33m in LRD154
• 25m at 0.3% Cu from 203m including 1.6m at 1.9% Cu in LRD156
• 5.6m at 1.2% Cu and 3.3g/t Ag from 195.4m in LRD158

The infill drilling results showcase the continuity of the mineralization, which remains open downdip and along strike. Three infill holes also complement ongoing tin metallurgical test work, confirming continuity of high-grade tin mineralization.

Romana West Continues to Yield Visible Copper Mineralization

At the Romana West target, representing a potential western extension of the La Romana mineralization, drill results are pending from the first 8 holes. Drilling has yielded visible copper sulphide mineralization along with alteration similar to that seen at La Romana. This highlights the strong potential for Romana West to add to the current La Romana copper-tin resource.

Positive Momentum Across Pan Global’s Escacena Project

In addition to the positive results from La Romana and Romana West, Pan Global recently completed a follow-up drill program at the Cañada Honda copper-gold target 4km north of La Romana. Assay results from Cañada Honda are also pending.

Pan Global’s President and CEO Tim Moody stated: “We continue to be very pleased with the results from La Romana, successfully expanding the mineralization which remains open. The promising drill results at the early-stage Romana West and Cañada Honda targets also add to the potential for additional discoveries across our wholly-owned Escacena Project.”

With a large, contiguous land package along the prolific Iberian Pyrite Belt, an experienced technical team, and funding in place, Pan Global is well-positioned to continue advancing its flagship Escacena Project. The positive results reported continue to demonstrate the significant upside potential remaining through step-out and infill drilling as well as testing additional high-priority targets across the project area.

The Investment Thesis

For investors looking to capitalize on the irreplaceable nature of copper amid surging demand from global electrification and decarbonization, Pan Global offers an attractive opportunity. Now may be an attractive entry point for investors looking at Pan Global Resources:

• Drill results continue to expand the size potential of the La Romana discovery, and the mineralization remains open along strike and at depth. This demonstrates significant further upside exploration potential.
• The recent drill results have expanded the known mineralization, which could positively impact upcoming resource estimates. This has the potential to increase the valuation of the project.
• The shares appear undervalued based on the current market capitalization of around $60 million compared to the upside potential from La Romana and the broader Escacena Project land package.
• Pending assay results from La Romana, Romana West and Cañada Honda could provide further positive catalysts for the share price in the near-term.
• The company has no debt and a tight share structure with under 100 million shares outstanding. This provides leverage to exploration success.
• Pan Global is led by a proven management team with experience taking projects through exploration, development and production stages.
• The Escacena Project is located in a tier-one mining jurisdiction with excellent infrastructure. The project's location carries lower political risk compared to many mining regions.
• With copper fundamentals remaining strong, investors have an opportunity to gain exposure to a compelling copper asset in a market with few new discoveries.
• The company is fully funded for its planned work programs, providing near-term exploration catalysts without dilution risk.

In summary, for investors bullish on copper and seeking leveraged upside potential from new discoveries, Pan Global offers an attractive risk/reward opportunity with exploration success likely to drive substantial shareholder value in the coming 6-12 months.