PAN GLOBAL AWARDED LARGE, HIGHLY PROSPECTIVE MINERAL RIGHTS' BLOCK CONTIGUOUS TO ESCACENA PROJECT, SOUTHERN SPAIN

Executive Summary

• Pan Global Resources was awarded three contiguous mineral‑rights blocks (Flores, Rosario, Girasoles) that expand the Escacena Project by 74% to >10,000 ha.
• The new area contains numerous untested gravity anomalies and historic copper mineralization, providing a strong basis for additional VMS‑type copper‑tin‑gold discoveries.
• Drilling continues on La Romana (maiden resource estimate due year‑end 2025), Bravo, and the Providencia gold target; a contractor has been selected to complete the La Romana Mineral Resource Estimate.

Key Details

• Awarded Rights: 4,245 ha total – Flores 1,879.8 ha, Rosario 636.7 ha, Girasoles 1,728.5 ha, granted to Pan Global’s Spanish subsidiary Minera Sabina via public tender (resolution dated 2025‑09‑29).
• Project Expansion: Escacena landholding grows from 5,760 ha to >10,000 ha; additional permit applications pending for another 3,888 ha, potentially reaching 13,900 ha.
• Geophysical Potential: Numerous prominent gravity anomalies identified; historical Exxon and Rio Tinto data show copper occurrences near several targets; one small historic mine working sits on an untested anomaly in the Flores block.
• Exploration Plan: Initial focus will be on testing all gravity targets after permitting; drilling rigs currently active at La Romana and Bravo (Escacena) and at Providencia (Cármenes).
• La Romana Resource Estimate: Contractor engaged; estimate expected by year‑end 2025 to support inclusion of expanded drill results.
• Bravo Target Update: First four holes did not intersect source; reinterpretation has led to three new planned holes targeting revised gravity and strong IP chargeability anomalies.
• Providencia Target: Follow‑up drilling slated for gold‑copper‑nickel‑cobalt target in the Cármenes Project.
• Strategic Context: Escacena sits within the Iberian Pyrite Belt, adjacent to major operators (First Quantum, Grupo México, Sandfire, Atalaya) and near operating Riotinto mine; expansion enhances Pan Global’s ability to discover additional polymetallic VMS deposits.

Notable Quotes

• “The award of the new mineral rights provides Pan Global access to one of the most promising areas for discovery of large VMS deposits…,” – Tim Moody, President & CEO.
• “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.” – Tim Moody, President & CEO.