Vancouver - Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) ('Pan Global' or the 'Company') is pleased to announce results for the first drill hole completed at the La Jarosa target at the Escacena Project ('Escacena') in the Iberian Pyrite Belt, southern Spain.

La Jarosa is located approx. 4km northeast of La Romana, which has been the focus of the Company's drilling for the past 30 months.

La Jarosa is the second of up to twelve gravity targets at Escacena and follow-up drilling is in progress. New ground gravity survey results have been received over the Zarcita target (located approx. 4.5 km north of La Romana), La Jarosa and surrounding areas. A high-resolution helicopter-borne Time Domain electromagnetic and magnetic survey has also been completed over the Escacena Project and final results are awaited.

About Pan Global Resources

Pan Global Resources Inc. is actively engaged in base and precious metal exploration in southern Spain and is pursuing opportunities from exploration through to mine development. The Company is committed to operating safely and with respect to the communities and environment where we operate.

Contact:

Tel: +44 7766 253145

Email: tmoody@panglobalresources.com

Web: www.panglobalresources.com

Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.

The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.

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