PAN GLOBAL COMMENCES PHASE 2 DRILLING AT CAÑADA HONDA DEPOSIT: PROVIDES ESCACENA PROJECT UPDATE, SPAIN

About this update from Pan Global Resources Inc.

TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU VANCOUVER, BC, June 29, 2026 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to provide an exploration update from its 100%-owned Escacena Project ("Escacena" or the "Project") in the Iberian Pyrite Belt of southern Spain, including expansion of the project area, a helicopter geophysics survey at Escacena South, commencement of Phase 2 drilling at the Cañada Honda copper-gold deposit, encouraging results from recently completed geophysical and geochemistry surveys, and continued advancement of exploration targets across the Project. "Escacena continues to grow as a district-scale copper exploration project, with a significantly expanded land position, more than 15 priority targets and a fully funded 20,000-meter drill program planned over the next 12-to-18 months to systematically test the Company's growing pipeline of targets," said Tim Moody, President and CEO of Pan Global Resources. "A new phase of drilling has commenced at Cañada Honda, where previous drilling intersected significant copper-gold mineralization on only a small portion of a three-kilometer-long target. Recent geophysical and geochemical surveys have generated additional drill targets and continue to highlight the potential for new discoveries across the broader Escacena Project." Escacena Project Expansion and New Exploration Programs Three new mineral rights applications (total 2,853 hectares) have been submitted adjacent to the Company's highly prospective Escacena South area. Together with the recently awarded Escacena South area, the applications expand the Escacena Project area to approximately 16,745 hectares. A helicopter electromagnetic and magnetic survey is scheduled to commence in July across much of the Escacena South area to accelerate target prioritization and assist in identifying concealed sulphide mineralization. Exploration permitting continues to advance across Escacena South. The Trinidad and Carmen targets, where historical mine workings and surface massive sulphide occurrences coincide with prominent gravity anomalies, have been identified as priority drill targets once final permits are received.

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