Strong Copper Mineralization at La Romana & New Copper-Tin Discovery in Spain's Escacena Project

• Pan Global Resources has confirmed strong VMS-style mineralization at La Romana continues northwest with significant intercepts of 1.51% copper, 0.02% tin and 3.6 g/t silver over 8m, including 3m at 3.35% CuEq.
• Initial drilling at the La Pantoja target discovered a new zone of copper-tin mineralization beneath La Romana, including impressive copper assays up to 5.36%.
• The mineralized trend at La Romana now extends over 1.7km east-west and remains open on strike and at depth, enhancing resource potential.
• New downhole electromagnetic (DHEM) geophysics indicate excellent expansion potential for higher-grade mineralization at depth at La Romana.
• Drilling continues at other high-priority targets including Bravo (1km east of La Romana) and Providencia in the Cármenes Project in northern Spain.

Pan Global Resources (TSXV:PGZ) is actively exploring for copper-rich mineral deposits along with gold and other metals in Spain. The company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain, where favorable permitting, excellent infrastructure, and professional expertise collectively define a tier-one low-risk jurisdiction for mining investment. The company's 100%-owned Escacena Project hosts the La Romana and La Pantoja copper-tin-silver discoveries and the Cañada Honda copper-gold discovery.

Pan Global announced positive results from additional step-out drilling at La Romana target and initial drill results from the La Pantoja target in the Escacena Project. These results confirm the extension of mineralization at La Romana and highlight a promising new discovery at La Pantoja.

La Romana Drilling Extends High-Grade Mineralization

The latest drill results at La Romana focused on testing the western extent of near-surface higher-grade copper mineralization. Three step-out drillholes delivered promising results that confirm the continuity of strong VMS-style mineralization extending northwest.

• Drillhole LRD186, a northwest step-out, intercepted 8.0m at 1.57% CuEq (1.51% Cu, 0.02% Sn, 3.6 g/t Ag) from 123m, including 3.0m at 3.35% CuEq (3.20% Cu, 0.04% Sn, 7.8 g/t Ag). This hole confirms the continuity of the La Romana target, extending the higher-grade zone by 50m to the northwest while remaining wide-open at depth.
• Drillhole LRD184 tested the near-surface, up-dip extension and encountered 16.0m at 0.65% CuEq (0.53% Cu, 0.04% Sn, 2.2 g/t Ag) from 44m, including 8.0m at 1.08% CuEq and 3.0m at 2.06% CuEq. An additional zone of 2.0m at 1.16% CuEq was intercepted at 138m depth.
• Drillhole LRD185 tested the down-dip extension and intercepted 5.0m at 0.66% CuEq from 133m and 9.0m at 0.69% CuEq from 180m, including 3m at 1.13% CuEq. This hole also remains open at depth.

Significantly, two additional wide-spaced step-out drillholes (LRD187 and LRD188) indicate the mineralized trend at La Romana extends a further 300m to the west, resulting in more than a 1.7km strike-length overall. Assay results for these westernmost drillholes are still pending.

Tim Moody, Pan Global President and CEO, stated:

"The first results from the 2025 multi-target Escacena drill program confirm that the higher-grade copper-tin corridor at La Romana remains open to the northwest with the mineralized trend now extending over 1.7km east-west. New downhole electromagnetic geophysics (DHEM) indicates excellent potential to expand the higher-grade zone at depth at La Romana"

La Pantoja Discovery - New Zone of Copper-Tin Mineralization

The company also reported promising initial drill results from La Pantoja target, located west of La Romana. The La Pantoja target represents a large geophysical anomaly with a 500m NW-SE orientation, extending to over 600m depth.

Initial drilling in the upper part of the target has confirmed copper-tin mineralization and extensive related mineral alteration at stratigraphic levels beneath La Romana. Highlights from the first three drillholes include:

• Drillhole LPD01: 1.35m at 1.83% CuEq (1.80% Cu, <0.01% Sn, 3.5 g/t Ag) from 76.75m, and 3.0m at 1.70% CuEq (1.53% Cu, 0.05% Sn, 3.9 g/t Ag) from 97m. This hole also intercepted a wide tin anomalous zone of 22.0m at 0.05% Sn from 116m, including 6.0m at 0.11% Sn.
• Drillhole LPD03: 1.0m at 5.42% CuEq (5.36% Cu, <0.01% Sn, 8.7 g/t Ag) from 117m, representing one of the highest-grade copper intercepts in the project to date.

"The early results at La Pantoja confirm a new zone of copper-tin mineralization stratigraphically beneath La Romana, providing further confirmation of the potential for additional discoveries at the Escacena Project. La Pantoja is a large-scale target with compelling geophysical indicators of stronger mineralization at depth. We look forward to advancing this target with further drilling," Moody added.

Further Expansion Potential

The exploration results are supported by promising geophysical indicators that suggest significant expansion potential at both targets.

At La Romana, new downhole electromagnetic (DHEM) surveys have identified an untested anomaly measuring approximately 190m x 70m, projecting down-dip from drillhole LRD186. This provides excellent potential to extend the higher-grade zone at depth.

At La Pantoja, both heliborne electromagnetic (EM) and new DHEM survey results suggest stronger mineralization exists laterally and at depth. These results also indicate additional untested mineral potential beneath La Romana, at depths below current drilling.

The company has included detailed cross-sections and a gravity anomaly map in its release, illustrating the spatial relationships between the drill holes and the geophysical targets, which clearly show the open nature of the mineralization in multiple directions.

Next Steps

Pan Global continues its multi-target drilling campaign at the flagship Escacena Project in southern Spain. Current focus is on the high-priority Bravo target, located approximately 1km east of La Romana, where wet weather initially hampered access. The company is also drilling at the Providencia target in the Cármenes Project in northern Spain.

Additional step-out drillholes are planned at La Romana, with the aim of expanding the mineralized zone and contributing to a maiden resource estimate. The company has stated that additional drill results will be announced over the coming weeks.

For Investors

For investors considering Pan Global Resources, these drill results highlight several positive aspects:

• Expanding Resource Potential: The extension of high-grade mineralization at La Romana and the discovery of new mineralization at La Pantoja increase the overall resource potential of the Escacena Project.
• Multiple Discovery Opportunities: With numerous targets still to be tested across the property, the project offers significant exploration upside.
• Strategic Jurisdiction: The project's location in southern Spain provides advantages including excellent infrastructure, a favorable permitting environment, and proximity to other operating mines.
• Critical Metals Focus: Pan Global's focus on copper, tin, and other critical metals positions it well in the current market environment, where these metals are in high demand for the global electrification and energy transition.
• Systematic Exploration Approach: The company is applying a methodical approach to exploration, using geophysical techniques to guide drilling and systematically testing multiple targets.

The upcoming drill results from other targets, particularly the Bravo target, will provide further insight into the overall potential of the Escacena Project. Additionally, the planned step-out drilling at La Romana will be crucial for defining the extent of mineralization ahead of a maiden resource estimate.

As copper continues to be recognized as a critical metal for global electrification and energy transition, Pan Global's expanding discoveries in a tier-one mining jurisdiction position the company advantageously in the evolving resource sector landscape.