PAN GLOBAL ANNOUNCES PRIVATE PLACEMENT FINANCING

Executive Summary

• Pan Global Resources Inc. announced a non‑brokered private placement of up to 18,750,000 common shares at $0.16 per share, targeting gross proceeds of up to C$3 million.
• Proceeds will fund expanded exploration programs on the Escacena and Cármenes projects in Spain, including an airborne geophysical survey over newly awarded Escacena South mineral rights.
• The offering is subject to customary closing conditions, a four‑month hold period on the shares, and U.S. resale restrictions; finders’ fees may be payable.

Key Details

• Offering Size: Up to 18,750,000 common shares.
• Price per Share: C$0.16.
• Maximum Gross Proceeds: C$3,000,000.
• Use of Proceeds: Advance exploration and resource definition programs in Spain (Escacena & Cármenes) and general corporate purposes.
• Holding Period: Shares subject to a four‑month hold period post‑closing.
• U.S. Restrictions: Resale restrictions under U.S. securities laws; shares not registered in the United States.
• Finders’ Fees: May be payable on a portion of the offering.
• Closing Conditions: Subject to customary conditions and acceptance by the TSX Venture Exchange.
• Project Highlights – Escacena:
• Property position increased by 74% to >10,000 ha after award of Escacena South mineral rights.
• Targets copper‑equivalent resource of 100 Mt; includes La Romana and Cañada Honda discoveries.
• Project Highlights – Cármenes:
• Located ~55 km north of León; five investigation permits covering 5,653 ha.
• Recent maiden drill program at Providencia yielded a new gold discovery.

Notable Quotes

“The award of the mineral rights to Escacena South increased Pan Global's property position on the Iberian Pyrite belt by 74%… The plan is to build on the discoveries already made … to achieve our copper‑equivalent resource target of 100 million tonnes,” – Tim Moody, President and CEO

“An expanded exploration campaign and drill program at the high‑grade Providencia gold discovery in northern Spain is also planned…” – Tim Moody