Mr. Jason Mercier reports

PAN GLOBAL EXTENDS CLOSING DATE OF OFFERING

Pan Global Resources Inc. has extended to Dec. 21, 2025, of the deadline for completion of its previously announced non-brokered private placement financing. In all other respects, the terms of the financing will be as previously announced.

On Oct. 6, 2025, the company announced that it had arranged a non-brokered private placement financing of up to 18.75 million common shares of the company at a price of 16 cents per share for gross proceeds of up to $3-million. On Oct. 22, 2025, the company announced completion of the first tranche of the offering for aggregate gross proceeds of $2,322,800.

Completion of the second and final tranche of the offering is subject to acceptance by the TSX Venture Exchange.

About Pan Global Resources Inc.

Pan Global Resources is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices.

The company's flagship Escacena project is located in the prolific Iberian pyrite belt in southern Spain, where a favourable permitting record, excellent infrastructure, mining and professional expertise, and support for copper as a strategic raw material by the European Commission collectively define a Tier 1 low-risk jurisdiction for mining investment. The company's second project, at Carmenes in northern Spain, is also an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, 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. The company is a member, and operates under the principles, of the United Nations Global Compact.

We seek Safe Harbor.