Mr. Tim Moody reports

PAN GLOBAL COMMENCES 2026 DRILL PROGRAM AT ESCACENA PROJECT, SPAIN

Pan Global Resources Inc. has commenced drilling at El Pozo target in the 100-per-cent-owned Escacena project located in the Iberian pyrite belt in southern Spain. El Pozo is the first target to be tested as part of the 2026 multitarget drill program at Escacena. El Pozo is located less than three kilometres north of the company's La Romana copper-tin-silver deposit and two kilometres along trend west of the Canada Honda copper-gold deposit.

Drilling at El Pozo will initially include up to four drill holes testing a large, previously untested target defined by historical mine workings, coincident copper-zinc soil sample anomalies, strong induced polarization, electromagnetic and gravity responses. The drilling will test for mineralization extending beneath the historical mine workings associated with the large geophysics targets. The historical mine workings include a small shaft, with no information of past production.

"El Pozo is a compelling, large-scale target to initiate the 2026 Escacena drill campaign. The alignment of geophysics and copper geochemistry, including a soil-copper anomaly trending over 1.6 km east-west and geophysics anomalies extending beneath the historical mine workings, are strong indicators of a volcanic massive sulphide mineralized system, potentially strengthening at depth," said Tim Moody, president and chief executive officer.

The 2026 drill program aims to expand Pan Global's copper resource base through targeted, high-confidence exploration drilling to discover new mineralization. Up to 15 untested targets have been identified for follow-up, with drilling also planned at the Cortijo target at Escacena North and the Trinidad and Carmen targets on the newly awarded Escacena South property. Drilling will also test for extensions to La Romana (copper-tin-silver) and Canada Honda (copper-gold) deposits.

Results will be announced as soon as they are available.

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 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 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 an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development and mine operations. Pan Global Resources is 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.

Qualified person

Alvaro Merino, vice-president, exploration, for Pan Global Resources, a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information for this media release. Mr. Merino is not independent of the company.

Quality assurance/quality control

The soil geochemistry survey results in this announcement include samples collected from the top 20 centimetres from surface (unsieved, weighing approximately one kilogram) on a 100-metre-by-40-metre grid over the gravity target area. The samples are collected in plastic bags, and a multielement analysis is obtained using a Vanta hand-held X-ray fluorescence device. Analyses are repeated on one per 20 samples, and standards are inserted to check for deviation.

Samples were prepared at ALS Laboratories in Seville, Spain, using method PREP-41, which includes drying at less than 60 C (140 F) and sieving to minus 180 microns (80 mesh). Prepared samples were then forwarded to the ALS analytical laboratory in Ireland, where all samples were analyzed for gold by 50-gram fire assay with ICP-AES finish (method Au-ICP22).

As an additional quality control measure, approximately 10 per cent of the samples were also subjected to check analysis using method ME-MS41L, involving aqua regia digestion followed by analysis through ICP-MS and ICP-AES. These check assays were used to verify analytical accuracy and consistency of the primary results.

We seek Safe Harbor.