PAN GLOBAL DEFINES NEW HIGH-PRIORITY VMS TARGET AT RECENTLY AWARDED ESCACENA SOUTH

TSXV: PGZ   |   OTCQB: PGZFF   |   FRA: 2EU 

• Escacena South expands mineral rights to +10,000 ha
• Escacena Project drilling continuing at Bravo target
• Cármenes Project drilling continuing at Providencia target

VANCOUVER, BC, Nov. 6, 2025 /PRNewswire/ -- Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce the identification of a new high-priority volcanogenic massive sulphide ("VMS") target in the recently awarded Escacena South area, southern Spain. The new target is supported by historical exploration data and preliminary field inspection of the former Trinidad and Carmen mine workings, and the interpretation incorporates information compiled from the Geological Survey of Spain public database and unpublished 1980s Exxon survey maps.

Field observations confirm surface copper mineralization along a 1-kilometre trend, coincident with a large, untested gravity and magnetic anomaly, indicating strong potential for VMS-style mineralization.

"Historical mine workings, positive surface geochemistry, and coincident large gravity and magnetic anomalies are all strong indicators of potential for volcanogenic massive sulphide mineralization. The historical Trinidad and Carmen mine workings are in the first target area to be inspected, and one of many new targets to be assessed and followed up with further exploration at Escacena South," said Tim Moody, Pan Global's President and CEO.

"Escacena South is one of the last remaining, largely unexplored areas of the Iberian Pyrite Belt and represents a significant expansion of the potential for new VMS discoveries for the Company, with numerous large gravity anomalies all untested by drilling, in an active mining district," said Mr. Moody.  

Escacena South: High-Potential Target

• Surface evidence of mineralization: Preliminary ground inspection confirms semi-massive sulphides on dumps from historical mining, gossans, and visible copper mineralization at the mine workings along a 1-km east-west trend at the Trinidad and Carmen mine workings, last mined in the 1940s for copper.
• Large untested anomaly: Review of historical geophysical datasets highlights a coincident gravity and magnetic anomaly extending 3.5 km along strike, south of the historical Trinidad and Carmen mine workings and west of La Romana. The strongest portion of the gravity anomaly (>1 mGal) in the south covers an area exceeding 1.5 km x 1 km beneath shallow post-mineral cover.
• Historical high grades: Assay results from historical rock grab samples include up to 6.3% Cu, 2.45% Sn, and 48.6 g/t Ag from gossans, and up to 2.59% Cu, 2.8% Sn, and 25 g/t Ag from mine dumps.*
• Expanded exploration potential: Escacena South nearly doubles the surface area of the Escacena Project and includes multiple untested gravity anomalies similar in size and magnitude to the anomaly associated with the Company's La Romana copper-tin-silver deposit. These provide important targets for future exploration.
• Next steps: The Trinidad and Carmen area is a priority for advancing to drilling stage as soon as possible after obtaining all the necessary permits. Review of other targets in the Escacena South area is ongoing.

*Grab samples are selective by nature and may not be representative of overall mineralization. Please refer to the Company's October 2, 2025 media release for additional information regarding the history of the project and the technical information acquired by the Company.