Slide 1: Escacena Maiden Copper Mineral Resource, Spain
Escacena Maiden Copper Mineral Resource, Spain Aznalcóllar-Los Frailes Mine Las Cruces Mine Infrastructure ESCACENA PROJECT INVESTOR WEBINAR January 12, 2026 TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU www.panglobalresources.com
Slide 2: Forward Looking Statement & Qualified Person
This Presentation contains "forward-looking statements". These forward-looking statements are made as of the date of FORWARD this Presentation and Pan Global Resources Inc. does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements inc
Slide 3: Key Technical Notes: Escacena Maiden MRE
KEY TECHNICAL NOTES: “ESCACENA” MAIDEN MRE 1. Mineral Resources are reported in accordance with NI 43-101 and CIM Metal Equivalent Grade Calculations Definition Standards for Mineral Resources and Mineral Reserves (2014) Copper Equivalent – La Romana 2. Mineral resources that are not mineral reserve
Slide 4: La Romana – A Large, Initial High-Confidence Copper Resource
La Romana – A Large, Initial High-Confidence Copper Resource at the center of a potential multi-discovery district Surrounded by producers, excellent infrastructure, supportive permitting ➢ La Romana’s shallow, continuous mineralization demonstrates clear potential for a very simple open pit operati
Slide 5: Outstanding Location
HUELVA province Aguas Teñidas Magdalena TSXV: PGZ | OTCQB: PGZFF PORTUGAL SEVILLA province Sandfire Matsa Sandfire Matsa FRA: 2EU Lomero Poyatos Denarius Metals Riotinto Atalaya Mining La Zarza OUTSTANDING La Romanera Emerita Resources Tharsis Mining Sotiel-Migollas LOCATION Sandfire Matsa Tharsis L
Slide 6: Escacena Project: 100 Million Tonne Objective via Multiple Deposits
ESCACENA PROJECT: 100 MILLION TONNE OBJECTIVE VIA MULTIPLE DEPOSITS Reported resources vs contained Cu metal Based on most recently published data available* • La Romana maiden Resource – first step • Strong foundation to achieve target of 100Mt La Romana MRE of resources / 400Kt copper to compete o
Slide 7: Escacena Project Attribute Overview: La Romana
Escacena Project Attribute Overview: La Romana Operational Simplicity & Low-Risk Profile & Tier-1 Economic Drivers & Strategic Geometry Location Advantage ▪ Single Open-Pit Potential: High ▪ Stable Jurisdiction: Located in ▪ Low Mining Costs: Maiden MRE utilizes continuity of mineralization (1.7km+
Slide 8: La Romana – Mineral Resource Estimate: Cut-off Grade 0.20% Cu
La Romana – Mineral Resource Estimate: Cut-off Grade 0.20% Cu La Romana Cut-off Grade Sensitivity (Illustrative Only): ▪ 0.15% Cu: 48.9 Mt @ 0.38% CuEq ➢ Sensitivities at lower cut-off typical for open-pit ▪ 0.20% Cu: 36.4 Mt @ 0.44% CuEq mining in the area indicates significantly higher tonnage and
Slide 9: La Romana – In-Pit Mineral Resources
La Romana – In-Pit Mineral Resources Stand-alone basis, conservative Significant Initial In-Pit Component with Higher Grades plus expansion potential ▪ Conceptual pit designed to demonstrate RPEEE ▪ Potential high scalability – Utilization rate 44% of MRE, remains open for expansion ▪ Starter pit -
Slide 10: La Romana: Plan View In-Pit Resource
LA ROMANA: PLAN VIEW IN-PIT RESOURCE ▪ Pit Dimensions • 1,700m east-west • 350m north-south • Maxium 170m depth ▪ In-pit Resource near- surface open to the west TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 10
Slide 11: La Romana: Near Surface, Highly Continuous, Predictable
LA ROMANA: NEAR SURFACE, HIGHLY CONTINUOUS, PREDICTABLE Recent drilling & down-hole geophysics shows Highest grades and thickness near surface: mineralization is open to the west and down-dip Favourable flat topography with thin cover B B’ 52.6m 52.6m @@0.90.9 (0.8 (0.8/ 0.05 / 0.05/ 3.8) / 3.8) Inc
Slide 12: 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) ▪ Copper grades similar to open-pit mines & development projects in Spain • Cerro Colorado m
Slide 13: La Romana: Exceptional, Best-in-Region Copper Metallurgy
LA ROMANA: EXCEPTIONAL, 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: pr
Slide 14: Escacena MRE Metal Price Assumptions
“ESCACENA” MRE METAL PRICE ASSUMPTIONS Strong metal price projections indicate further upside Cu US$4.80/lb Sn US$35,000/t Ag US$45.00/oz Au US$3,200/oz US$/t Spot Price Cu US$ 5.90/lb 09-Jan-2026 US$/lb TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 14
Slide 15: La Romana vs Murray Brook VMS Deposits
La Romana vs Murray Brook VMS Deposits – both >90% M+I La Romana (Pan Global Resources) Murray Brook (Canadian Copper) MRE = 32.4 Mt @ 0.37% Cu (0.44% CuEq) M+I MRE = 21.1 Mt @ 0.45% Cu (1.41% CuEq) M+I In-Pit = 14.0 Mt @ 0.39% Cu (0.50% CuEq) In-Pit (PEA) = 15.4 Mt @ 0.47% Cu (1.91% CuEq) Utilizati
Slide 16: Cañada Honda – Initial Inferred Resource; Cut-off 0.25 g/t Au
Cañada Honda – Initial Inferred Resource; Cut-off 0.25 g/t Au Initial Gold Dominant Resource from surface, 3.5km north of La Romana, remains wide-open: ▪ Inferred Resource on 16 wide-spaced drillholes CAÑADA HONDA GRAVITY TARGET ▪ Additional Unclassified mineralization extends 3 km beyond the resour
Slide 17: Escacena: Growth and Exploration Upside
ESCACENA: GROWTH AND EXPLORATION UPSIDE Recently expanded (>13,000 ha) land package, includes Escacena South - multiple new large untested targets Next steps: ▪ Advance resource optimization and future economic studies ▪ Resource expansion at both La Romana and Cañada Honda ▪ Add resources through d
Slide 18: Escacena Project: Key Position, Surrounded by Large Producers
ESCACENA PROJECT: KEY POSITION, SURROUNDED BY LARGE PRODUCERS • Total PGZ Mineral Rights >13,000 Ha • Neighbors include Minera Los Frailes (Grupo Mexico), Panduro- Cobre Las Cruces (RCF), Atalaya, MATSA (Sandfire) TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU 18
Slide 19: Capital Structure: Strong Shareholder Base
CAPITAL STRUCTURE: STRONG SHAREHOLDER BASE COMPANY STATISTICS (as of December 17, 2025) PAN GLOBAL SHAREHOLDERS Shares Outstanding (M) 321.73M Warrants (M)* 60.56M 7% Institutional Options/RSUs/DSUs (M) 23.17M HNW Shares Fully Diluted (M) 405.6M 32% Retail Market Cap @ $0.15 (CAD$M) $46.6M Insiders
Slide 20: Contacts
Suite 1150 - 355 Burrard Street Vancouver BC, V6C 2G8, Canada T: +1-236-886-9518 investors@panglobalresources.com E: investors@panglobalresources.com W: www.panglobalresources.com W: www.panglobalresources.com Pan Global Resources Panglobalspain PanGlobalResources Panglobalresources Panglobalresourc
Slide 21: Appendix
APPENDIX PAN GL&@BAL —— RESOURCES INC — 21
Slide 22: 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 23: 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