Pan Global Resources extends La Romana deposit at Escacena Project, Spain

Pan Global Resources Inc. [TSXV: PGZ; OTCQB: PGZFF; FRA: 2EU] reported positive results for six step-out drillholes at the La Romana target in the 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. These drillholes targeted extensions of mineralization for inclusion in a maiden Mineral Resource Estimate. A total of 192 drillholes totalling 38,734 metres have been drilled to date at the La Romana copper-tin-silver deposit.

Drill highlights – Drillhole LRD189 returned 2.0 metres at 1.63% CuEq (1.55% Cu, 0.01% Sn, 11.2 g/t Ag) from 86 metres and 5.0 metres at 1.46% CuEq (1.01% Cu, 0.16% Sn, 4.5 g/t Ag) from 185 metres, including 1.0 metres at 3.02% CuEq (2.47% Cu, 0.19% Sn, 9.2 g/t Ag).

Drillhole LRD191 returned 6.0 metres at 1.31% CuEq (1.26% Cu, 0.01% Sn, 2.3 g/t Ag) from 122 metres, including 1.0 metres at 4.77% CuEq (4.63% Cu, 0.03% Sn, 9.6 g/t Ag).

“The La Romana mineralized trend shows excellent continuity extending over 1.7km east-west. The latest drill results extend the higher-grade copper-tin mineralization down-dip, confirming that it remains open to the north and northwest. Copper mineralization identified in the hanging wall and footwall of the main mineralization body could potentially be captured in a conceptual open pit. Additional step out drilling planned for 2026 is expected to further extend the strike of La Romana mineralized trend,” said Tim Moody, President and CEO.

The company is progressing with the maiden Mineral Resource Estimate for the Escacena Project and will announce the results upon completion.

Key results: Step-out drilling focused on testing for extensions of higher-grade copper mineralization down-dip and along strike to further delineation of the deposit for a maiden resource.

Results confirm copper-tin mineralization continues and extends down-dip on several sections. Drillholes LRD191 with 1.26% Cu over 6 metres, and LRD189 with 1.01% Cu, 0.16% Sn, 4.5 g/t Ag over 5 metres, both confirm the high-grade copper and tin mineralization continues a further 50m down-dip and remains open.

Results also confirm additional near-surface copper intercepts in the hanging wall and in the footwall to the main mineralization. Higher-grade copper mineralization in the western extension is indicated to plunge to the northwest a further 125 metres based on downhole electromagnetics.

The Escacena Project and recently added Escacena South area comprises a large, contiguous mineral rights land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. The area has been expanded from 5,760 hectares to more than 10,000 hectares with the award of the Flores, Rosario and Girasoles mineral rights in September 2025.

Pan Global has also submitted four additional Investigation Permit applications covering 3,888 hectares (Inmaculada, Santa Isabel, Santa Micaela I and Santa Micaela II) that will further increase the mineral rights holdings in the Iberian Pyrite Belt to more than 13,900 hectares. Escacena is located near the operating mine at Rio Tinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes (Grupo México) is commencing a new underground mine development beneath the former Los Frailes open-pit mine. The Escacena Project hosts Pan Global’s La Romana copper-tin-silver deposit, the Cañada Honda copper-gold discovery, and a number of other prospective targets.

The company’s flagship Escacena Project is in the prolific Iberian Pyrite Belt mine trend in southern Spain, where a favourable permitting track record, excellent infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one low-risk jurisdiction for mining investment.

The company’s second project at Cármenes in northern Spain, is also an area with a long mining history and excellent infrastructure. The company is a member, and operates under the principles, of the United Nations Global Compact.