Pan Global Resources Inc. · TSXV:PGZ
Pan Global Resources — Investor Presentation (April 2026)
31 slides from Pan Global Resources's investor presentation, April 2026
Slide 1: Discovery and Exploration in Spain
Discovery and Exploration in Spain Copper, Tin, Gold, Silver ESCACENA PROJECT INVESTOR PRESENTATION April 2026 TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU www.panglobalresources.com
Slide 2: Cautionary Statement & Technical Information
CAUTIONARY STATEMENT & TECHNICAL INFORMATION Forward Looking Statement Estimates of Mineral Resources. This Presentation contains "forward-looking statements". These forward-looking The terms “Mineral Resource”, “Measured Mineral Resource”, “Indicated Mineral Resource” and statements are made as of
Slide 3: Pan Global Resources – A Compelling Investment Case
PAN GLOBAL RESOURCES – A COMPELLING INVESTMENT CASE Cármenes What’s changed: New Gold Mining district Discovery Cu Ni Co Au • Funding risk materially reduced • High confidence mineral resource SPAIN • Bigger scale, more upside, district potential Madrid • Strategic positioning in top tier jurisdicti
Slide 4: Escacena & Cármenes Projects
ESCACENA & CÁRMENES PROJECTS Infrastructure is a significant cost advantage Flagship Escacena Project – Iberian Pyrite Belt PORTUGAL Aguas Teñidas SPAIN Lomero Poyatos Sandfire Magdalena • World’s largest concentration of VMS ore deposits Denarius Sandfire Matsa Riotinto • Surrounded by large mines
Slide 5: Escacena Project – Mt Objective from Multiple Deposits
ESCACENA PROJECT – 100 MT OBJECTIVE FROM MULTIPLE DEPOSITS Reported resources vs contained Cu metal Based on most recently published data available* 180 Mt 1,200 kt • La Romana maiden Resource – first step x 1000 165 Mt 1,100 kt Measured • Strong foundation to achieve 100Mt of 150 Mt resources La Ro
Slide 6: Escacena Project – Maiden Mineral Resource
ESCACENA PROJECT – MAIDEN MINERAL RESOURCE • High-confidence Mineral Resource (MRE) • Confirms large copper system (open) 352 Mlb / 156 kt CuEq • Grades similar to open-pit mines in Spain Cut-off Grade 0.20% Cu • Higher proportion (90%) of M+I typically attracts higher valuation Sensitivities at low
Slide 7: Grades well aligned with bulk-tonnage open-pit systems in the IPB / Spain
Grades well aligned with bulk-tonnage open-pit systems in the IPB / Spain ▪ Typical grades 0.3-0.5% Cu, cut-off 0.15-0.20% Cu ▪ “La Romana” MRE grade 0.37% Cu (0.44% CuEq), In-Pit grade 0.39% Cu (0.50% CuEq) ▪ Grades are similar or better than open-pit mines & development projects in Spain • Cerro C
Slide 8: La Romana – Mineral Resource Remains Open for Expansion
LA ROMANA – MINERAL RESOURCE REMAINS OPEN FOR EXPANSION Plan View Pit Outline Total Resources ▪ In-pit Resource (stand-alone basis) >0.2 % Cu cut-off • Open several directions In-Pit • Highly favourable grade Outside-Pit distribution and geometry • Low strip 2.8:1 • Potential to grow ▪ Pit Dimension
Slide 9: La Romana: Iberian Pyrite Belt Deposit Depth Comparison
LA ROMANA: IBERIAN PYRITE BELT DEPOSIT DEPTH COMPARISON Depth PGZ La Romana First Quantum MATSA (Sandfire) Atalaya Boliden Cerrado Gold Atalaya Depth • Mines becoming deeper: 0m 0m higher capex/opex Sotiel La Romana: Top of Gossan -150m Cerro Colorado base of pit 400m • Near-surface is less Mines La
Slide 10: La Romana – Best-in-Region Copper Metallurgy
LA ROMANA – BEST-IN-REGION COPPER METALLURGY Metallurgical Cu recovery vs Cu concentrate grade Based on most recently published data available* Metallurgy tests set La Romana apart La Romana • Copper recovery of up to 88% Pan Global • Concentrate grade up to 32.5% Cu • Tin co-product: premium concen
Slide 11: La Romana Superior Concentrates, Premium Value, ESG Benefits
LA ROMANA SUPERIOR CONCENTRATES, PREMIUM VALUE, ESG BENEFITS SPAIN Copper Recovery Concentrate Grade Trucks to deliver La Romana - Clean Concentrate Advantage (Owner – Mine/Project) (%) (Cu %) 1000-tonnes of Cu in 0 0 concentrates Huelva (Local) 20 40 60 80 10 20 30 Mine Smelter / Port Atalaya – Tou
Slide 12: Copper Comparables: Significant Re-Rating Potential
COPPER COMPARABLES: SIGNIFICANT RE-RATING POTENTIAL La Romana MRE: Largest Measured Resource, Clear development and growth pathway MARKET CAP CAD $45 M CAD $60 M CAD $107 M CAD $112 M CAD $121 M COMPANY DEPOSIT* La Romana Sombrero B26 Murray Brook La Romanera LOCATION Spain Peru Canada Canada Spain
Slide 13: Escacena Project: Cañada Honda: Large Copper/Gold Target
ESCACENA PROJECT: CAÑADA HONDA: LARGE COPPER/GOLD TARGET A Cañda Honda Target long section A’ Drill results: CAÑADA HONDA: • CHD12 : 17m @ 1.6g/t Au, incl. 11m @ 2.4g/t Au Untested Geophysics and Cu-Au Drill • CHD08 : 14m @ 0.8% Cu, 0.4g/t Au, 4g/t Ag, incl. Resistivity Low Intercepts coincident 6.8
Slide 14: Escacena Project Expanded – Multiple New Untested Targets
ESCACENA PROJECT EXPANDED – MULTIPLE NEW UNTESTED TARGETS Key strategic land position surrounded by larger mining companies/investment groups • La Romana copper-tin-silver discovery coincident with a gravity target • Multiple “new” large untested gravity targets provide a pathway to scale • VMS depo
Slide 15: Escacena South: Historical At-Surface Mine Workings Over 1km
ESCACENA SOUTH: HISTORICAL AT-SURFACE MINE WORKINGS OVER 1KM • Escacena South borders La Romana copper-tin-silver deposit • ~1km surface length characterized by multiple mine workings, surface copper indications, gossan, massive sulfides on mine dumps at Carmen target (center) TSXV: PGZ | OTCQB: PGZ
Slide 16: Escacena Project: Timeline & Development Pathway
ESCACENA PROJECT: TIMELINE & DEVELOPMENT PATHWAY* La Pantoja • La Romana maiden NI 43-101 Resource delivered December 2025 • 10,000-meter drill plan in 2026 over Escacena and Cármenes Projects • Expand and add to resource base near-term • Potential fast-track development opportunities La Romana La R
Slide 17: Cármenes Project: High Grade Epithermal Breccia - Cu, Ni, Co, Au
CÁRMENES PROJECT: HIGH GRADE EPITHERMAL BRECCIA - Cu, Ni, Co, Au Providencia Target – First Target • Historical mining area – Cu, Co, Ni • Underground channel shows high-grade Cu- Ni-Co sulfide remains open • Wider zone highly anomalous gold in soils >5,600 Ha over 300m x 150m breccia 55km • Trench
Slide 18: Providencia Target: High Gold at Surface, New Drill Program
PROVIDENCIA TARGET: HIGH GOLD AT SURFACE, NEW DRILL PROGRAM • New Gold Discovery • Latest surface sampling results: • 6m @ 15.0 g/t Au • Inc. 3m @ 29.8 g/t Au • Inc. 1m @ 43.8 g/t Au, 1.8 g/t Pt+Pd • Drilling and underground sampling confirm Au-Cu-Co-Ni mineralization is open at depth • New follow-u
Slide 19: Providencia Target: First Drillholes Confirm Gold Discovery
PROVIDENCIA TARGET: FIRST DRILLHOLES CONFIRM GOLD DISCOVERY • 46m @ 1.08 g/t Au - Drillhole PVD02 • 34m @ 3.01 g/t Au - Drillhole PVD06 • 37m @ 3.11 g/t Au - Gallery 1 Channel sample • 20m @ 1.74 g/t Au - Surface trench TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 19
Slide 20: Pan Global – 2026 Exploration Plan
PAN GLOBAL – 2026 EXPLORATION PLAN Focus on adding new discoveries to add value • Multi-target drill program: +35 drillholes (10,000 m) • Escacena Project: 1. La Romana resource expansion, optimization & economic studies 2. Drill test new targets to add/discover resources 3. Advance exploration at “
Slide 21: Capital Structure: Strong Shareholder Base
CAPITAL STRUCTURE: STRONG SHAREHOLDER BASE COMPANY STATISTICS (as of April 1, 2026) SUPPORTIVE INSTITUTIONAL OWNERS Shares Outstanding 357.05M 7% Warrants* 58.56M Options/RSUs/DSUs 29.29M 35% Shares Fully Diluted 444.9M Market Cap @ $0.14 (CAD$M) $43.4M 37% 52-Week Trading Range (CAD$) $0.09 - $0.18
Slide 22: Suite 1150 – Burrard Street
Suite 1150 – 355 Burrard Street Vancouver BC, V6C 2G8, Canada T: +1-236-886-9518 E: investors@panglobalresources.com W: www.panglobalresources.com PanGlobalResources PanGlobalResources PanGlobalSpain Pan Global Resources TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU
Slide 23: Board of Directors – Quality, Experience, Track Record
BOARD OF DIRECTORS – QUALITY, EXPERIENCE, TRACK RECORD Patrick Evans – Chairman : Company Maker, M&A Roger Davey – Director : Mining & Finance • 40+ years senior mining leadership and M&A experience • 40+ years operational and management experience in mining in Europe, • Led more than a dozen mining
Slide 24: Leadership Team
LEADERSHIP TEAM TIM MOODY – President, CEO and Director JASON MERCIER – Vice President Investor Relations • 35+ years in mineral exploration, resource assessment, business development and • 25+ years investor relations and communications experience in the mining sector government relations • Experie
Slide 25: Our Values: A Sustainable Company
OUR VALUES: A SUSTAINABLE COMPANY ESG INITIATIVES A member of the United Environment Social Governance Nations Global Compact since • Energy efficiency • Stakeholders • Transparency Oct 2022; the only exploration company in Spain so committed • Water use • Community relations • Ethical behaviour • L
Slide 26: Copper Included in the European Critical Raw Materials Act
COPPER INCLUDED IN THE EUROPEAN CRITICAL RAW MATERIALS ACT European Critical Raw Materials Act – March 2024 A European Union regulation establishes a framework to ensure a secure and sustainable supply of critical raw materials for EU members Potentially beneficial actions under the Critical Raw Mat
Slide 27: La Romana Metallurgical Study Summary
LA ROMANA METALLURGICAL STUDY SUMMARY • Copper concentrate containing 26% to 32% Cu and 102 ppm Ag with an expected recovery of over 88% • Tin concentrate containing 63% Sn with an expected recovery of over 60% • Ore classified as medium-hard to crush and grind • Low grinding energy requirements due
Slide 28: Aguilas Project: Polymetallic and IOCG Targets Cu, Pb, Zn, Au, Ag
AGUILAS PROJECT: POLYMETALLIC AND IOCG TARGETS Cu, Pb, Zn, Au, Ag • 100%-PGZ Project in the Cordoba Province, 5.25m @ 2.4% Pb, 4.9% Zn, 9.1 g/t Ag Inc. 0.55m @ 20.8% Pb, 16.8% Zn, 66.4 g/t Ag Andalucía, in the Pedroches Batholith mine district 6.0m @ 0.7% Pb, 4.6% Zn, 3.5 g/t Ag Inc. 2.2m @ 1.9% Pb,
Slide 29: References: Notes to Escacena Project Mineral Resources
REFERENCES: NOTES TO ESCACENA PROJECT MINERAL RESOURCES CuEq: Copper equivalent; g/t: Grams per tonne; kt: Thousand tonnes; ppm: Parts Per Million; Mt: Million tonnes; Moz: Million ounces; koz: Thousand ounces Estimation Methodology: The MREs for La Romana and Cañada Honda were prepared by Orelogy C
Slide 30: References: Iberian Pyrite Belt Technical Comparison
REFERENCES: IBERIAN PYRITE BELT TECHNICAL COMPARISON Atalaya Mining plc 2022-09-16 – “Technical Report on the Riotinto Copper Project” Submitted date: 2022-10-05 Source: SEDAR 2023-03-27 – “Preliminary Economic Assessment. Proyecto Riotinto, Huevla Province, Spain” Effective date: October 31, 2022.
Slide 31: References: Copper Company Comparison
REFERENCES: COPPER COMPANY COMPARISON Pan Global Resources Inc. 2025-12-31 – "Pan Global Announces Maiden Mineral Resource Estimates for the Escacena Project in the Iberian Pyrite Belt, Spain" Effective date: December 31, 2025. Filing date: February 12, 2026. Source: SEDAR+ https://cdn.prod.website-
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