PAN GLOBAL ADVANCES DRILL PROGRAMS AT ESCACENA AND CÁRMENES PROJECTS, SPAIN

Core Viewpoint - Pan Global Resources Inc. is advancing its drill programs at the Escacena and Cármenes Projects in Spain, focusing on high-priority targets with significant mineralization potential, while preparing for a maiden Resource Estimate for the La Romana deposit by year-end [2][5][6]. Escacena Project - The Escacena Project covers a 5,760-hectare area in the Iberian Pyrite Belt, hosting multiple targets including La Romana and La Pantoja [8]. - The ongoing drill program includes 20 completed drillholes as part of a 7,000-meter initiative, targeting VMS-associated copper, tin, silver, and gold [5][6]. - Recent drilling has extended the surface strike-length of mineralization at La Romana to 1.7 km, with further drilling planned to test high-grade mineralization extensions [6][7]. Cármenes Project - The Cármenes Project spans 5,653 hectares and is located in a geologic belt known for copper-gold mining, with a focus on breccia-style mineralization [9]. - The drill program at Cármenes is testing for high-grade gold and copper-nickel-cobalt at the Providencia target, with three of six planned drillholes completed [5][12]. - Recent results from Providencia indicate wide breccia intercepts and gold mineralization from near surface in every drillhole to date [12]. Technical Reporting and Resource Estimation - The company is in the process of selecting a consultant to prepare a NI 43-101-compliant Technical Report, including a maiden Mineral Resource Estimate for the La Romana deposit [7][11]. - The Escacena Project is strategically located near existing mining operations, enhancing its potential for development [11]. Market Context - The company is focused on exploring copper-rich deposits, which are critical for global electrification and energy transition, alongside gold, which is experiencing record prices [10].