Pan Global Resources Inc. announced results for three additional stepout drillholes from the 11-hole drill program at the Cañada Honda copper-gold (Cu-Au) discovery, at the Company's 100% owned Escacena Project in the Iberian Pyrite Belt, southern Spain. Drilling is continuing to test for extensions to the Cañada Honda copper and gold mineralization. Cañada Honda is located approx.

3.5km north of Pan Global's La Romana copper-tin-silver (Cu-Sn-Ag) discovery, where further stepout drilling is also planned to continue. Cañada Honda gravity anomaly map showing drillhole locations, new DHEM targets, and cross-section location A-A' (CNW Group/Pan Global Resources Inc.) Highlights: Drillhole CHD11: 4.3m at 1.70g/t Au, 17.7g/t Ag, from 38m, including 1m at 4.16g/t Au, 34.6g/t Ag, and 9m at 0.60g/t Au, 0.7g/t Ag from 66m, including, 2m at 1.33g/t Au, 1m at 1.44g/t Au, 3.8g/t Ag Drillhole CHD12, 17m at 1.58g/t Au, 0.5g/t Ag from 285m, including, 11m at 2.36g/t Au, 0.7g/t Ag and, 22m at 0.41% Cu, 0.20g/t Au, 1.6g/t Ag from 342m, including, 3m at 0.68% Cu, 0.61g/t Au, 2.6g/t Ag. Drillhole CHD13 10m at 0.38g/t Au, 0.5g/t Ag from 132m, and, 10m at 0.35% Cu, 0.15g/t Au, 1.1g/t Ag from 242m.

Hole CHD11 in the east of the target area extends the gold and silver mineralization 90m updip from hole CHD06 to within 40m from surface. The results confirm the mineralization is open to the east and copper grades are increasing downdip. CHD12 drill results confirmed broad copper and gold intercepts coincident with the modelled gravity and induced polarization (IP) resistivity low targets.

This includes the best gold grade-thickness intercept and widest copper intercept to-date at the Cañada Honda target. The results expand the mineralization a further 80m west of hole CHD05, and provide further confirmation of the potential for the mineralization to increase to the west, following a two-kilometer long east-west gravity target. New downhole electromagnetics (DHEM) in holes CHD12 and CHD13 highlights potential continuation of the copper-gold mineralization for future testing.

opper-gold volcanogenic massive sulphide (VMS) style mineralization (pyrite, chalcopyrite) including stockwork, semi-massive and massive-sulphides hosted ithin shales, similar to the host rocks at the former Aznalcóllar and Los Frailes mines, 4km to the east; and old mineralization associated with quartz-sulphide (pyrite, and lesser chalcopyrite, sphalerite, and arsenopyrite) veins and stockwork within folded and actured shale and quartzites, in the structural hangingwall above the copper-gold mineralization. The encouraging higher-grade gold drill intercepts at añada Honda are uncommon in these host rocks in the Iberian Pyrite Belt.