Mr. Jason Mercier reports

PAN GLOBAL ENGAGES ICP SECURITIES INC. TO PROVIDE AUTOMATED MARKET MAKING SERVICES

Pan Global Resources Inc. has engaged the services of ICP Securities Inc. to provide automated market-making services, including use of its proprietary algorithm, ICP Premium, in compliance with the policies and guidelines of the TSX Venture Exchange and other applicable legislation.

ICP will be paid a monthly fee of $7,500, plus applicable taxes. The agreement between the company and ICP was signed with a start date of Jan. 15, 2026, and is for four months and shall be automatically renewed for subsequent one-month terms unless either party provides at least 30 days of written notice prior to the end of the initial term or an additional term, as applicable.

There are no performance factors contained in the agreement and no stock options or other compensation in connection with the engagement. ICP and its clients may acquire an interest in the securities of the company in the future.

ICP is an arm's-length party to the company. ICP's market-making activity will be primarily to correct temporary imbalances in the supply and demand of the company's shares. ICP will be responsible for the costs it incurs in buying and selling the company's shares, and no third party will be providing funds or securities for the market making activities.

About ICP Securities Inc.

ICP Securities is a Toronto-based CIRO dealer-member that specializes in automated market-making and liquidity provision, as well as having a proprietary market-making algorithm, ICP Premium, that enhances liquidity and quote health. Established in 2023, with a focus on market structure, execution and trading, ICP has leveraged its own proprietary technology to deliver high-quality liquidity provision and execution services to a broad array of public issuers and institutional investors.

About the Escacena project and Escacena South areas

The Escacena project and recently added Escacena South area comprise a large, contiguous mineral rights land package controlled 100 per cent by Pan Global in the east of the Iberian pyrite belt. The area has been expanded from 5,760 hectares to more than 10,000 hectares with the award of the Flores, Rosario and Girasoles mineral rights in September, 2025. Pan Global has also submitted four additional investigation permit applications covering 3,888 hectares (Inmaculada, Santa Isabel, Santa Micaela I and Santa Micaela II) that will further increase the mineral rights holdings in the Iberian pyrite belt to more than 13,900 hectares. Escacena is located near the operating mine at Riotinto and is immediately adjacent to the former Aznalcollar and Los Frailes mines where Minera Los Frailes (Grupo Mexico) is commencing a new underground mine development beneath the former Los Frailes open-pit mine. The Escacena project hosts Pan Global's La Romana copper-tin-silver deposit, the Canada Honda copper-gold discovery and a number of other prospective targets.

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 in the prolific Iberian pyrite belt mine trend 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 its partnered communities. The company is a member, and operates under the principles, of the United Nations Global Compact.

We seek Safe Harbor.