Pan Global Resources Inc. announced new drill results and the expansion of the La Romana target area ("La Romana") at the Escacena Project ("Escacena") in the Iberian Pyrite Belt, southern Spain. Exploration is also in progress on new targets in the surrounding area with drilling also ongoing at the La Jarosa target ("La Jarosa"), located approx. 4km northeast of La Romana.

The latest drill results are from nineteen holes completed in 2021-2022 in the Phase 4 drill program at the La Romana discovery. Drill holes LRD 94, 95, 112, 113, 114 and 115 tested up-dip/near-surface extensions in the centre and east of the target area. Drill holes LRD96, 103, 106, 109 and 110 tested the westward extensions.

Drill holes LRD 89, 91, 93, 100, 102, 105 and 107 tested down-dip extensions. Drill hole LRD 101 tested an IP chargeability anomaly approximately 400m north of La Romana. The primary mineralization includes mainly stockwork, semi-massive sulphides and bands of massive sulphide, with chalcopyrite as the primary copper mineral and cassiterite as the predominant tin mineral.

The copper mineralization is also associated with elevated levels of silver, cobalt and gold. A metal zonation is also apparent, progressing from copper and tin in the west to copper and zinc in the east. A zone of oxidation and supergene copper mineralization is also locally present in the upper levels of the deposit, with chalcocite overprinting/replacing primary sulphide.

Drill hole LRD89 testing dip extensions in the east intersected minor copper mineralization. Results include: 0.6m at 1.8% Cu, 6.9g/t Ag, 0.031% Co from 235.7m (downhole); 0.45m at 0.9% Cu, 7.1g/t Ag, 0.18g/t Au, 0.05% Co from 282.05m. Drill hole LRD91 confirmed a narrow down-dip continuation of the copper and tin mineralization to the north, approx.

50m down-dip from LRD56. The hole also shows wide zones of anomalous tin in the footwall. Results include: 0.75m at 0.8% Cu, 7.2g/t Ag, 0.18g/t Au from 14m; 5.5m at 0.4% Cu, 0.09% Sn, 2g/t Ag; and 26m at 0.033% Sn from 233m.

Drill hole LRD93 confirmed down-dip continuation of the copper and tin mineralization to the north, approx. 50m down-dip from LRD70. The hole also includes a thin near-surface interval with oxide copper.

Results include: 3.1m at 0.5% Cu, 1.2g/t Ag from 8m (oxide); 23m at 0.33% Cu, 0.07% Sn, 2.6g/t Ag, including 6.35m at 0.55% Cu, 0.15% Sn, 3.8g/t Ag; and 0.4m at 1.8% Cu, 0.04% Sn, 18.8g/t Ag, 0.14g/t Au from 210.55m. Drill hole LRD94, in the east intersected an upper zone of low grade supergene chalcocite +/- minor chalcopyrite. Results include: 22.5m at 0.25% Cu, 2g/t Ag from 30.5m (chalcocite); 0.4m at 3.4% Cu, 9.4g/t Ag.

Drill hole LRD95, testing the up-dip extension approx. 25m south of LRD11, intersected a >33m wide zone with supergene chalcocite +/- minor chalcopyrite, including: 20.25m at 0.6% Cu, 0.05% Sn, 2.5g/t Ag from 6.35m (chalcocite), including: 7m at 1.2% Cu, 0.08% Sn, 5.3g/t Ag. Drill hole LRD96, in the west intersected a >30m wide zone of low grade copper and tin mineralization from 31m, including: 10m at 0.3% Cu, 0.08% Sn, 1.1g/t Ag from 64m, or 8m at 0.2% Cu, 0.11% Sn from 69m.

Drill hole LRD100, confirmed down-dip continuation of the mineralization in the east with multiple thin intervals with >1% Cu and local elevated Co, including: 1.6m at 1.0% Cu, 2.9g/t Ag from 188m; 0.55m at 2.9% Cu, 13.4g/t Ag, 0.098% Co from 207.25m; 0.8m at 1.5% Cu, 7.7g/t Ag, 0.014% Co from 231.6m; 0.4m at 1.7% Cu, 0.04% Sn, 8.8g/t Ag, 0.15g/t Au, 0.03% Co from 256.15m; 0.25m at 1.7% Cu, 0.14% Sn, 11.5g/t Ag, 0.22g/t Au, 0.06% Co from 263.85m. Drill hole LRD101 confirmed a wide zone of strong alteration associated with a satellite IP anomaly approx. 300m to the north of La Romana.

The hole intersected wide zones of mainly chlorite alteration +/- strong silicification with traces of chalcopyrite and/or pyrite and a thin copper-rich coarse massive sulphide interval. The coarse sulphide intervals indicates potential remobilisation from nearby mineralization. The IP anomaly remains open towards the west and gravity data indicates further potential down-dip.

Results include: 0.75m at 1.2% Cu, 29.2g/t Ag, 0.32% Pb from 100.5m, and 0.25m at 8.3% Cu, 0.016% Sn, 28.8g/t Ag, 0.03% Co from 279.45m (massive sulphide). Drill hole LRD102, confirmed the mineralization remains open to the north, approx. 50m down dip from LRD74 with multiple thin >1% Cu intervals, including: 3.05m at 0.8% Cu, 4.7g/t Ag from 115.5m, including 0.95m at 1.3% Cu, 9.8g/t Ag, 0.22% Zn; 0.15m at 7.2% Cu, 19.7g/t Ag, 0.03% Co; 12.7m at 0.55% Cu, 2.5g/t Ag from 230m, including 1.05m at 1.0% Cu, 4.4g/t Ag; 1m at 1.1% Cu, 4g/t Ag; 0.7m at 1.4% Cu, 4.8g/t Ag; 0.15m at 1.2% Cu, 0.18% Sn, 4.7g/t Ag, 0.12g/t Au, 0.02% Co from 275.9m.