Pan Global begins 2026 drilling at Escacena

Executive Summary

• Pan Global Resources Inc. has commenced its 2026 drill program at the Escacena project in Spain, starting with the El Pozo target.
• The initial phase involves up to four drill holes testing a large, previously untested target defined by historical mine workings, soil anomalies, and geophysical responses.
• The broader 2026 program aims to expand the copper resource base, with up to 15 untested targets identified across Escacena North, Escacena South, and extensions of existing deposits.

Key Details

• Drilling Commencement: Drilling has started at the El Pozo target, the first of the 2026 multitarget drill program at the 100%-owned Escacena project.
• Target Location: El Pozo is located less than 3 km north of the La Romana copper-tin-silver deposit and 2 km along trend west of the Canada Honda copper-gold deposit.
• Initial Drilling Scope: Up to four drill holes will test a large, previously untested target.
• Target Characteristics: The target is defined by:
  • Historical mine workings (including a small shaft with no known past production).
  • Coincident copper-zinc soil sample anomalies.
  • Strong induced polarization, electromagnetic, and gravity responses.
• Geological Context: Drilling aims to test for mineralization extending beneath historical mine workings associated with large geophysics targets, potentially indicating a volcanic massive sulphide system strengthening at depth.
• 2026 Program Overview:
  • Goal: Expand copper resource base through targeted, high-confidence exploration.
  • Targets: Up to 15 untested targets identified.
  • Additional Drilling Locations:
    • Cortijo target at Escacena North.
    • Trinidad and Carmen targets on the newly awarded Escacena South property.
    • Extensions to La Romana (copper-tin-silver) and Canada Honda (copper-gold) deposits.
• Results Timeline: Results will be announced as soon as they are available.

Notable Quotes

• "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.