Mr. Tim Moody reports

PAN GLOBAL AWARDED SPANISH GOVERNMENT GRANT TO ACCELERATE EXPLORATION AT ESCACENA COPPER PROJECT, SPAIN

Pan Global Resources Inc.'s wholly owned Spanish subsidiary, Minera Sabina SLU, has been awarded a non-repayable grant of 250,000 euros (approximately $400,000) from the General Directorate for Energy Policy and Mining, within the Spanish Ministry for Ecological Transition and the Demographic Challenge. The funding will be used to accelerate exploration within the company's 100-per-cent-owned Escacena project in the Iberian pyrite belt in southern Spain.

Highlights:

• Non-dilutive funding: The 250,000 euros provides immediate, non-dilutive capital directly allocated to ground exploration at the Escacena project.
• Validation: The grant selection underlines the economic potential and strategic importance of the Escacena project to the regional economy.
• Targeted work: Funding will specifically support upcoming work, including cartography, soil sampling, geophysical surveys and diamond drilling, scheduled to begin immediately.

"We are grateful to the General Directorate for Energy Policy and Mining for their strong endorsement and financial support. The grant initiative, along with other programs, highlights a strong commitment to the mining sector in Spain to secure critical metals for future economic growth," said Tim Moody, president and chief executive officer of Pan Global Resources. "This investment allows us to accelerate our exploration timeline at Escacena and progress our core targets without dilution to our shareholders."

The award to Pan Global highlights Spain's longstanding commitment to the exploration industry which is vital to expanding its critical mineral endowment through new discoveries. The 14,753-hectare Escacena project is Pan Global's flagship asset. To date, two deposits have been discovered at Escacena North and the highly prospective Escacena South property hosts more than a dozen geophysical targets for investigation. Testing of the highest priority targets at Escacena South will commence as soon as the required permits are received.

Current exploration activities

Drilling is currently under way to expand the Canada Honda mineral resource at Escacena North. Geophysics, geochemical sampling and geological programs are also continuing across Escacena North to identify additional drill targets. Results for the first of the drill holes from this year's program at Canada Honda will be announced when available.

A helicopter electromagnetic and magnetic survey has recently been completed at the highly prospective Escacena South property. Advanced interpretation of the survey results is aiding drill target definition. Results of the survey will be released as soon as interpretation is completed.

A drill rig is also currently operating at the company's Carmenes project in northern Spain, testing the providencia target.

About Pan Global Resources Inc.

Pan Global Resources 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 also attracted record prices in 2026.

The company's flagship Escacena project, hosting La Romana and Canada Honda copper-tin-gold mineral resources, is in the prolific mining area known as the 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 company has recently made a new gold discovery at the first of many targets to be investigated in this project area.

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 the company's partnered communities. The company is a member, and operates under the principles, of the United Nations Global Compact.

Qualified person

Alvaro Merino, vice-president, exploration, for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific and technical information for this media release. Mr. Merino is not independent of the company.

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