PAN GLOBAL ANNOUNCES $7.2 MILLION PRIVATE PLACEMENT WITH ALPAYANA

Pan Global Resources Inc. ("Pan Global") has announced a non-brokered private placement financing with Alpayana, a strategic investor, to raise C$7,200,000. The transaction involves the issuance of 45,000,000 common shares at a price of C$0.16 per share. Upon completion of the offering, Alpayana will hold approximately 19.9% of Pan Global's outstanding shares. The financing is subject to final acceptance by the TSX Venture Exchange.

Pan Global is focused on mineral exploration in Spain, particularly in the Iberian Pyrite Belt, which is recognized as one of Europe's most significant copper-producing regions. The company is advancing its Escacena and Cármenes Projects, which are expected to benefit significantly from the new capital. The proceeds from this financing will be allocated to doubling the current drilling plan to 20,000 meters and enhancing exploration activities. This includes efforts to expand the existing resource base at the Cañada Honda copper-gold deposit and to conduct further exploration in the Escacena South area.

Alpayana, a family-owned mining group with over 39 years of operational experience in Peru and Mexico, is known for its commitment to sustainable mining practices. The strategic investment reflects Alpayana's confidence in Pan Global's projects and its potential for growth in the Spanish mining sector. This collaboration is expected to leverage Alpayana's operational expertise and resources, which may accelerate the development of Pan Global's projects.

The Escacena Project, which encompasses a mineral rights package of over 13,000 hectares, includes multiple prospective targets and has already yielded promising mineral resource estimates. The Cármenes Project, located in the Rio Narcea Gold Belt, is also recognized for its potential to uncover significant mineralization, particularly gold. The combination of these projects positions Pan Global favorably within the competitive landscape of the mining sector in Spain.

The successful completion of this financing and the subsequent expansion of drilling activities may have broader implications for the mining sector in Spain, particularly as the country seeks to bolster its domestic mineral production. As European demand for critical minerals continues to rise, investments such as this one could enhance Spain's position as a key player in the mining industry, potentially attracting further interest from both domestic and international investors.