Mr. Jason Mercier reports

PAN GLOBAL GRANTS ANNUAL INCENTIVE AWARDS UNDER THE LTI

Pan Global Resources Inc.'s board of directors has approved annual grants under the shareholder-approved omnibus equity incentive compensation plan of 5,425,000 incentive stock options to officers, directors, employees and consultants to the company.

The incentive stock options entitle the holders to purchase the equivalent number of common shares of the company at a price of 14 cents per common share for a period of five years from the date of grant. The options will vest as follows: 25 per cent on grant, followed by an additional 25 per cent on each of the six-month, 12-month and 18-month anniversaries from the date of grant.

About Pan Global Resources Inc.

Pan Global is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices.

The company's flagship Escacena project, hosting La Romana and Canada Honda copper-tin-gold mineral resources, is in the prolific Iberian pyrite belt in southern Spain, where a favourable permitting record, excellent infrastructure, mining and professional expertise, and support for copper as a strategic raw material by the European Commission collectively define a Tier 1 low-risk jurisdiction for mining investment. The company's second project, at Carmenes in northern Spain, is an area with a long mining history and excellent infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development and mining operations. Pan Global Resources is committed to operating safely and with utmost respect for the environment and our partnered communities. The company is a member, and operates under the principles, of the United Nations Global Compact.

We seek Safe Harbor.