Pan Global receives rights of blocks adjoining Escacena

Mr. Tim Moody reports PAN GLOBAL AWARDED LARGE, HIGHLY PROSPECTIVE MINERAL RIGHTS' BLOCK CONTIGUOUS TO ESCACENA PROJECT, SOUTHERN SPAIN Pan Global Resources Inc. has been awarded mineral rights to three contiguous blocks adjoining the company's 100-per-cent-owned Escacena project through a competitive public tender process. The new mineral rights expand the company's landholding at Escacena on the Iberian pyrite belt by 74 per cent to more than 10,000 hectares over a highly prospective and target-rich area for potential polymetallic volcanogenic massive sulphide deposits. The enlarged Escacena project is surrounded by major operators, including First Quantum, Grupo Mexico, Sandfire and Atalaya. "The award of the new mineral rights provides Pan Global access to one of the most promising areas for discovery of large VMS deposits and one of the last remaining, largely unexplored areas of the Iberian pyrite belt. Several strong gravity anomaly targets have already been identified within the new mineral rights and will be the focus for initial exploration. Securing the new mineral rights has been a key objective since commencing exploration at the Escacena project and is a significant step forward in strengthening the opportunity to discover new copper, tin and gold deposits proximal to the company's La Romana and Canada Honda discoveries," said Tim Moody, Pan Global's president and chief executive officer. "With work commenced on the maiden mineral resource estimate for the La Romana deposit and drilling under way at Escacena and the Carmenes project in northern Spain, Pan Global is building on its established track record of discovery of copper and gold deposits in Spain. The new mineral rights adjacent to Escacena greatly enhance the potential to make additional discoveries and help achieve the goal of a cumulative 100 million tonnes of potentially economic mineral resources." The government of Andalucia issued the final resolution on Sept. 29, 2025, confirming the award of three new mineral rights areas to Pan Global's Spanish subsidiary, Minera Sabina, following a public tender. The three investigation permits cover a total of 4,245 hectares, including: Flores: 1,879.8 hectares; Rosario: 636.7 hectares; Girasoles: 1,728.5 hectares. The newly awarded area is mostly overlain by postmineral cover and received minimal preliminary exploration by Exxon in the early 1980s and Rio Tinto in the 1990s. Reprocessing of the historical wide-spaced gravity survey data highlights numerous prominent anomalies, similar in size and magnitude to the gravity anomaly associated with the company's La Romana copper-tin-silver discovery and other major deposits in the region. Historical base-of-cover/top-of-bedrock sampling by Exxon also shows copper mineralization occurrences near some of the gravity targets, further enhancing the potential for new discoveries. Several small historical mine workings are located at an untested gravity target in the northwest of the Flores mineral right. All of the gravity targets in the new area are untested and will be the focus for initial exploration as soon as possible after obtaining all the necessary permits. The Pan Global gravity anomaly model for the new mineral rights area is based on gravity anomaly survey data collected by Exxon in the early 1980s that were acquired through the transfer of ownership of the Escacena project property and provide the historical information related to the new mineral rights. The company has conducted extensive surveys of the Escacena project. The gravity anomaly map for the new mineral rights was created using internally sourced data combined with the historical Exxon data set that was also used for the La Romana target. La Romana maiden mineral resource estimate A contractor has been selected for the maiden mineral resource estimate for La Romana deposit at the Escacena project, which remains on track for completion by year-end 2025. Drilling at La Romana, Bravo and Providencia Drilling is currently in progress with two drill rigs at La Romana and Bravo targets in the company's flagship Escacena project to expand La Romana copper-tin-silver deposit for inclusion in the maiden mineral resource estimate and complete testing of the Bravo target. The initial four drill holes at Bravo did not explain the gravity target or intersect the source of a strong induced polarization chargeability anomaly. Subsequent reinterpretation of drill core and geophysical data has refocused the exploration model, and three new drill holes are planned to test revised gravity and very strong IP chargeability anomalies within the Bravo target area. Follow-up drilling is also set to commence at the Providencia gold and copper-nickel-cobalt target in the Carmenes project in northern Spain. About the Escacena project The Escacena project comprises a large, contiguous 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 in total. 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 and the Canada Honda copper-gold discovery. Escacena hosts a number of other prospective targets, including La Pantoja, Bravo, Barbacena, El Pozo, Romana Norte, San Pablo, Zarcita, Hornitos, La Jarosa, Romana Deep and Cortijo. 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 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, 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. 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. We seek Safe Harbor.