PAN GLOBAL ANNOUNCES CLOSING OF $5.6 MILLION PRIVATE PLACEMENT WITH STRATEGIC INVESTOR

Executive Summary

• Pan Global Resources closed a non‑brokered private placement, issuing 35 million common shares at C$0.16 per share for up to C$5.6 million in gross proceeds.
• Proceeds are earmarked to expand exploration and drilling at the Escacena and Cármenes projects in Spain, including the newly acquired Escacena South property.
• The shares are subject to a hold period that expires on May 15, 2026.

Key Details

• Placement Size: Up to C$5,600,000 gross proceeds.
• Shares Issued: 35,000,000 common shares at C$0.16 per share.
• Investor: Strategic investor with extensive mine operating experience (identity not disclosed).
• Hold Period: Shares subject to a lock‑up expiring May 15 2026.
• Use of Proceeds:
• Advance an expanded exploration and drill program at the Escacena Project (including Escacena South) and Cármenes Project in Spain.
• General corporate purposes.
• Project Highlights Mentioned:
• Escacena Project now >10,000 ha after acquisition of Flores, Rosario, Girasoles rights; additional permits pending for a total >13,900 ha.
• Hosts La Romana copper‑tin‑silver deposit and Cañada Honda copper‑gold discovery.
• Cármenes Project (~5,653 ha) hosts historic copper‑cobalt mines and recent maiden drill gold discovery at Providencia target.
• Regulatory: Offering subject to final TSX Venture Exchange acceptance; securities not registered in the U.S.

Notable Quotes

“Pan Global is pleased to welcome as a shareholder a highly respected strategic investor with extensive mine operating experience. This investment validates our exploration portfolio and operating team in Spain and strengthens our ability to advance our Escacena and Cármenes Projects and unlock new discoveries in 2026,” – Tim Moody, President and CEO.