Mr. Jason Mercier reports

PAN GLOBAL GRANTS INCENTIVE AWARDS

Pan Global Resources Inc.'s board of directors has approved the grant of a total of 1,015,150 restricted share units to three executive officers at a deemed price per RSU of 16.5 cents as short-term incentive compensation. The RSUs have been issued under the company's shareholder-approved omnibus equity incentive compensation plan.

The RSUs will vest on the one-year anniversary of the date of the grant. Under the plan, a maximum of five million non-option equity awards may be granted. Following the issuance of the RSUs today, an aggregate of 2,340,150 RSUs and 650,000 deferred share units are outstanding under the plan.

About Pan Global Resources Inc.

Pan Global is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and an 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 its partnered communities. The company is a member, and operates under the principles, of the United Nations Global Compact.

We seek Safe Harbor.