Mr. Jason Mercier reports

PAN GLOBAL GRANTS ANNUAL AWARDS UNDER THE LTIP

Pan Global Resources Inc.'s company's board of directors has approved annual grants under the shareholder-approved omnibus equity incentive compensation plan of 2,037,500 incentive stock options to officers, directors, employees and consultants to the company; and of 800,000 restricted share units (RSUs) to senior management of the company.

The incentive stock options entitle the holders to purchase the equivalent number of common shares of the company at a price of 20 cents per common share for a period of five years from the date of grant. The options will vest as follows: 25 per cent on grant, followed by an additional 25 per cent on each of the six-month, 12-month and 18-month anniversaries from the date of grant. The RSUs will vest over 18 months from the date of grant, with 50 per cent vesting 12 months after the grant date and the remaining 50 per cent vesting on the 18-month anniversary from the date of grant.

About Pan Global Resources Inc.

Pan Global Resources is actively targeting copper-rich mineral deposits, given copper's compelling supply/demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. The company's flagship Escacena project is located in the prolific Iberian pyrite belt in southern Spain, where infrastructure, mining and professional expertise, and support for copper as a strategic raw material by the European Commission collectively define a Tier 1 jurisdiction for mining investment. The Pan Global team comprises proven talent in exploration, development and mine operations -- all of which are committed to operating safely and with utmost respect for the environment and the company's partnered communities.

We seek Safe Harbor.