Pan Global Resources Inc. announced positive results for its follow-up drilling at the Canada Honda and Zarcita targets at the 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. Both targets are located 4km north of the La Romana copper-tin-silver discovery where ongoing drilling is extending mineralization at Romana West. Currently, drilling at Escacena is focused along the highly prospective western extension (Romana West) of the La Romana copper -tin-silver discovery.

In addition to the 12 geophysical targets that are being sequentially prioritized for drill testing, exploration on the 5,760-hectare Escacena Project continues to identify new drill targets. Initial assay results from the first set of drill holes at Romana West are expected soon. Canada Honda Highlights: New drill hole results include: CHD05 - 20m at 0.5% Cu, 0.8g/t Au, 1.9g/t Ag, including 5.1m at 1.3% Cu, 0.5g/t Au, 3.9g/t Ag (reported July 4, 2023); and new results including 2m at 1.6g/t Au; CHD06 - 7m at 0.6% Cu, 0.8 g/t Au, 6.5g/t Ag, including 3m at 1.1g/t Au, 5.5g/t Ag; CHD07 - 5m at 1.1g-t Au, 0.2% Cu, 2.3g/t Ag; Surface rock samples up to 9g/t Au; New untested DHEM conductor anomalies.

The follow-up drill program included holes CHD05, CHD06 and CHD07. Drill hole CHD05, testing 150m down-dip from previous drill hole CHD04 and approximately 330m down-dip from a historical mine tunnel, confirmed copper-gold mineralization coincident with the targeted gravity anomaly. While untested down-hole electromagnetic (DHEM) conductors, gravity and IP anomalies define prospective targets for future campaigns at Zarcita, the Romana West and Canada Honda targets are key near-term priorities," said Tim Moody, Pan Global's President & CEO.

Zarcita highlights: New drill hole results include; ZAD05: intersected copper mineralizati on from surface, including 14.45m at 0.2% Cu before entering a 10.5m assumed historical mine cavity; ZAD06: 5.5m at 0.7% Cu from 106.2m, including 1.85m at 1.6% Cu, 0.,15g/t Au, 2.4g/t Ag. The completed drill program at Zarcita includes 17 holes for a total of 4,363m, along a 2.1km east-west trend. The holes were designed to test a combination of geophysical, geological and geochemical targets, and to acquire mineral alteration information to assist in identifying vectors to potential higher-grade mineralization.

The new drill-holes, ZAD17, were drilled on a 100m to 600m spacing along the trend. The mineralization remains open down-dip and along-strike within the historical mining area. The mineralization remains open up-dip and along- strike within the historical mining area.