Pan Global Resources Inc. announced results for the first drill hole in an 11-hole step out drill program at the Cañada Honda copper-gold (Cu-Au) discovery, on the Company's 100% owned Escacena Project in the Iberian Pyrite Belt, southern Spain. The program is targeting extensions to the Cañada Honda copper-gold mineralization discovered in 2023. Results are pending for two additional completed drillholes.

Highlights: Drillhole CHD08: 8m at 0.12% Cu, 2.63g/t Au, 0.7g/t Ag from 178m, including, 1.35m at 0.68% Cu, 12.4g/t Au, 3.1g/t Ag, 0.09% Co, and 14m at 0.77% Cu, 0.42g/t Au, 4.0g/t Ag from 199m, including, 6.8m at 1.48% Cu, 0.65g/t Au, 7.2g/t Ag. Includes massive sulfide mineralization with assays up to 4.76% Cu, 2.12g/t Au, 26.1g/t Ag and 0.9% Zn over 1m from 207.8m. Drilling confirms that copper and gold mineralization is coincident with downhole electromagnetic (DHEM) targets, and remains open.

Potential to significantly expand the mineralization at Cañada Honda with further drill testing of a large (2km x 0.5km) gravity anomaly and extensions to DHEM targets. QA/QC Procedures: Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.5 to 2m.

Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch.

Samples were delivered to ALS laboratory in Seville, Spain and assayed at the ALS laboratory in Ireland. All samples were crushed and split (method CRU-31, SPL22Y), and pulverized using (method PUL-31). Gold analysis was by 50gm fire assay with ICP finish (method Au-ICP22) and multi element analysis was undertaken using a 4-acid digest with ICP AES finish (method ME-ICP61).

Over grade base metal results were assayed using a 4-acid digest ICP AES (method OG-62). Over grade tin was determined using peroxide fusion with ICP finish (method Sn-ICP81x).