Pan Global Resources : PDAC 2024 Corporate Presentation

ADVANCING COPPER DISCOVERIES

-

ESCACENA PROJECT

Iberian Pyrite Belt

Spain

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2024 PRESENTATION	MARCH 2024
PDAC

FORWARD

LOOKING STATEMENT

&

QUALIFIED

PERSON

This Presentation contains "forward-looking statements". These forward-looking statements are made as of the date of this Presentation and Pan Global Resources Inc. does not intend, and does not assume any obligation, to update these forward-looking statements. Forward-looking statements include, but are not limited to, statements with respect to the timing and amount of estimated future exploration, success of exploration activities, expenditures, permitting, and requirements for additional capital and access to data. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such factors include, among others, risks related to actual results of current exploration activities; changes in project parameters as plans continue to be refined; the ability to enter into joint ventures or to acquire or dispose of property interests; future prices of mineral resources; accidents, labour disputes and other risks of the mining industry; ability to obtain financing; and delays in obtaining governmental approvals or financing.

This presentation does not constitute an offer to sell or solicitation of an offer to buy any securities Pan Global Resources Inc.

Qualified Person

Álvaro Merino is the Company's Qualified Person (QP) as defined by National Instrument 43-101, has reviewed and approved the scientific and technical information contained in this presentation. Mr. Merino is not independent of the Company.

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INVESTMENT MERITS:

Pan Global has one of the few new copper discoveries with potential to be in production within the next decade when copper prices are expected to escalate

EXPLORING FOR METALS ESSENTIAL TO ENERGY TRANSITION

Copper and tin have excellent long-term price fundamentals and are essential to the Energy Transition

BOARD & MANAGEMENT TO UNLOCK VALUE

Proven management team with successful record from discovery to mining, and strategic decision making

ADVANCED COPPER DISCOVERY, DISTRICT POTENTIAL

Expanding copper-tin discovery in the Escacena Project, well suited to low-costopen-pit mining, and strong pipeline of nearby copper targets

IDEAL LOCATION

Tier One Mining supportive jurisdiction with rapid mine permitting track record. Surrounded by operating mines and development projects, and excellent infrastructure

STRATEGIC LAND PACKAGE

Underexplored, highly prospective mineral rights in a famous mining region; and growing exploration target portfolio in Spain with multi- metal discovery potential

CASH - WELL-FINANCED FOR 2024 PROGRAM

$6.8M CAD as at October 31, 2023

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COPPER DEMAND FOR ENERGY TRANSITION: THE NEXT DECADE IS CRITICAL

Copper prices are

expected to

elevate over the

next decade,

resulting in faster

payback and higher returns

Source: https://energyminute.ca/infographics/the-volume-of-2050-net-zero-copper-demand/	4

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TIN:

DEMAND FOR HIGH-VALUE METAL DRIVEN BY ENERGY TRANSITION

Tin $/t = 3.3 x Copper $/t

US$/t 29,069

US$/t 8,963

CuSn

3-year LME monthly average price

"The imminent 4th Industrial Revolution and the Green Industrial Revolution should both benefit

tin over the next decade. Tin as solder will glue together all the electronic and electrical equipment required for a 5G-supported smart communications future. Tin-copper products should also benefit from development of electric vehicles and renewable energy infrastructures"

- International Tin Association, 2022

Supply-demand balance for tin in ('000's tonnes), 2010-2030

Source: Wood Mackenzie, ITA, USGS, Metallum Commodity Consulting	5

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ESCACENA

PROJECT:

IN THE

WORLD'S MOST PROLIFIC

MULTI-METAL VMS MINING DISTRICT

• Iberian Pyrite Belt (IPB)
• Prolific 250km long metallogenic belt
• Hosts large number of Tier One VMS deposits (Cu, Pb, Zn, Ag, Au, Sn)
• 7 active mines and major mining companies:
• • Riotinto (Atalaya)
  • Las Cruces (First Quantum)
  • Neves Corvo (Lundin)
  • Sotiel-Migollas,Aguas Teñidas, and
    Magdalena (Sandfire MATSA)
  • Aljustrel (Almina)
• A number of advanced projects, including neighbouring Aznalcóllar-Los Frailes (Grupo México)

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ESCACENA PROJECT: NEIGHBOURING PRODUCERS

ATALAYA MINING

Riotinto

Copper

• Surrounded by mines and development
• Infrastructure and future optionality
• Unexplored since the mid-1980s

PAN GLOBAL

ESCACENA PROJECT

>5,700 Ha

Copper, Lead, Zinc

GRUPO MEXICO

Aznalcóllar

Los Frailes

Copper

FIRST QUANTUM

Las Cruces

12 km

La Romana	Cañada Honda
Copper-Tin-Silver	Copper-Gold
There is no assurance that Pan Global Resources' results will be similar or mirror those of adjacent properties.	Map Image: Google Digital Globe 2019

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ESCACENA PROJECT: MULTI-DISCOVERY POTENTIAL

PAN GLOBAL ESCACENA PROJECT

• These deposits typically occur in clusters
• Strong potential for multiple discoveries
• High sulphide content is ideal for geophysics

CAÑADA

Gravity Anomaly

Targets

HONDA

AZNALCÓLLAR

OPEN PIT

LUNDIN MINING

NEVES CORVO MINE CAMP*

LA ROMANA

0 1 2km

AZNALCÓLLAR

At the same scale

Gravity Anomaly

Targets

0 1 2km

Cluster of seven deposits >300 million tonnes of sulphides

• one of Europe's largest mines

• Modified from: West, D. and Penney, M., 2018; There is no assurance that Pan Global
  Resources' results will be similar or mirror those of the Neves Corvo mine area.

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ESCACENA PROJECT: GEOPHYSICS AND NEW COPPER TARGETS

4158000

4153000

730000735000

GRAVITY	ZARCITA
GEOPHYSICS
Cañada Honda
SURVEY
PGZ Drill hole
Historic Mine Works

El POZO

BARBACENA

SAN PABLO

ROMANA

DEEP

	ROMANA
	NORTE
2.5km
730000	La Romana
735000

• Significant exploration upside - VMS deposits occur in clusters
• New high-quality gravity survey confirms
  multiple untested targets4158000

AZNALCÓLLAR*

LOS FRAILES*

HORNITOS	LA JAROSA	Grupo Mexico

BRAVO

NORTE

		PILAR	Historical Mine
			4153000
	SOUTH		Gravity target
	PILAR		Active drill target
BRAVO	740000		745000

• Aznalcollar and Los Frailes gravity anomalies are shown for comparison. There is no assurance that Pan Global Resources's results will be similar or mirror those of adjacent properties.

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Large gravity target extends over 2km

CAÑADA HONDA: LARGE COPPER AND GOLD TARGET

•

• Potential ore grade/thickness copper & gold from surface to 600m down-dip

• Latest drill results:

CHD08

▪ 8.0m @ 0.12% Cu, 2.6g/t Auand

▪ 14m @ 0.8% Cu, 0.4g/t Au, 4g/t Ag, incl.

▪ 6.8m @ 1.5% Cu, 0.7g/t Au, 7.2g/t Ag

CHD09

▪ 20m @ 1.1g/t Auand

▪ 13m @ 0.51% Cu, 0.36g/t Au, 2.7g/t Ag, incl. ▪ 8.1m @ 0.61% Cu, 0.52g/t Au, 3.3g/t Ag

CHD10

▪ 13m @ 0.59% Cu, 0.34g/t Au, 2g/t Ag, incl.

▪ 5.6m @ 1.15% Cu, 0.67g/t Au, 3.8g/t Ag

Source: Selected drill highlights from published drill results available on the company's website Published Drill Hole Intersections

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