PAN GLOBAL ANNOUNCES CLOSING OF $7.2 MILLION PRIVATE PLACEMENT WITH ALPAYANA

Executive Summary

• Pan Global Resources closed a non-brokered private placement with Alpayana, raising C$7.2 million by issuing 45,000,000 common shares at C$0.16 per share.
• Alpayana’s ownership increased to 19.55% of outstanding shares, triggering an early warning report under National Instrument 62-104.
• Proceeds will fund an expanded exploration and drilling program at the Escacena and Cármenes projects in Spain, with the release also detailing maiden mineral resource estimates for the Escacena Project.

Key Details

• Financing Structure: Non-brokered private placement closed with Alpayana.
• Shares Issued: 45,000,000 Common Shares.
• Price: C$0.16 per share.
• Gross Proceeds: C$7,200,000.
• Hold Period: Shares subject to a hold period expiring October 13, 2026.
• Fees: No finders' fees were paid in connection with the offering.
• Post-Transaction Ownership: Alpayana now holds 80,000,000 shares (19.55% of issued and outstanding), increasing from 35,000,000 shares (9.61%) prior to closing.
• Use of Proceeds: Advance a significantly expanded exploration and drill program at the Escacena and Cármenes Projects (including the newly acquired Escacena South property in southern Spain) and for general corporate purposes.
• Regulatory Disclosure: Early Warning Report triggered under NI 62-104 due to ownership crossing the 10% threshold; report to be filed on SEDAR+.
• Escacena Project - La Romana (Measured & Indicated): 32.4 Mt at 0.37% Cu, 270 ppm Sn, 1.7 g/t Ag, 0.44% CuEq (119.5 kt Cu, 8.8 kt Sn, 1.7 Moz Ag) at a 0.2% copper cutoff grade.
• Escacena Project - La Romana (Inferred): 4.0 Mt at 0.40% Cu, 71 ppm Sn, 1.4 g/t Ag, 0.42% CuEq (15.8 kt Cu, 0.3 kt Sn, 0.2 Moz Ag) at a 0.2% copper cutoff grade.
• Escacena Project - Cañada Honda (Inferred): 5.0 Mt at 0.65 g/t Au, 0.14% Cu, 1.2 g/t Ag, 0.74 g/t AuEq (104 koz Au, 6.8 kt Cu, 0.2 Moz Ag) at a 0.25 g/t gold cutoff grade.
• Cármenes Project: Located on the Rio Narcea Gold Belt, comprising 5,653 hectares held 100% by the Company. Maiden 2025 drilling at the Providencia target intersected significant gold, highlighting potential for new discoveries.
• Jurisdictional Context: Escacena is situated in the Iberian Pyrite Belt (Europe's second-largest copper-producing region), adjacent to operating and historical mines, with a favorable permitting track record and European Commission support for copper as a Strategic Raw Material.