Pan Global Files Ni 43-101 Technical Report FOR Initial Mineral Resource Estimates at the Escacena Project, Southern Spain
PAN GLOBAL FILES NI 43-101 TECHNICAL REPORT FOR INITIAL MINERAL
RESOURCE ESTIMATES AT THE ESCACENA PROJECT, SOUTHERN
SPAIN
TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU
VANCOUVER, BC
,
Feb. 12, 2026
/CNW/ -
Pan Global Resources Inc.
("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased
to announce the filing on SEDAR+ of an independent Technical Report (the "Report") for its Escacena Project in the Iberian Pyrite Belt, southern
Spain
, prepared
in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101"). Pan Global released the results of the Mineral
Resource Estimates ("MREs") for the La Romana (Cu-Sn-Ag) and Cañada Honda (Au-Cu-Ag) deposits included in the Report on
December 31, 2025
. The results
provide a strong foundation for future technical and economic studies and demonstrate a high-confidence resource primarily in the Measured and Indicated
categories, with potential to expand.
The Report, titled "Escacena Project - NI-43-101 Report", is available on SEDAR+ under the Company's profile at
www.sedarplus.com
and on the Company's
website at
www.panglobalresources.com
. The effective date for the MREs is
December 31, 2025
. The Report was prepared by Orelogy Consulting Pty Ltd.
Highlights
La Romana (Cu-Sn-Ag) Mineral Resources
at a cut-off grade of 0.2% Cu
:
Measured and Indicated
: 32.4 Mt containing 119.5 kt Cu, 8.8 kt Sn, 1.7
Moz Ag
(average grades of 0.37% Cu, 270 ppm Sn, 1.7 g/t Ag; 0.44%
CuEq
1
), and
Inferred
: 4.0 Mt containing 15.8 kt Cu, 0.3 kt Sn, 0.2
Moz Ag
(average grades of 0.40% Cu, 71 ppm Sn, 1.4 g/t Ag; 0.42% CuEq
1
)
Includes a substantial portion of the Mineral Resources constrained within a conceptual open-pit shell, indicating clear potential for a higher-grade starter
pit
Cañada Honda (Au-Cu-Ag) Mineral Resources
at a cut-off grade of 0.25 g/t Au
:
Inferred
: 5.0 Mt containing 104 koz Au, 6.8 kt Cu, 0.2
Moz Ag
(average grades of 0.65 g/t Au, 0.14% Cu, 1.2 g/t Ag; 0.74 g/t AuEq
2
)
Additional unclassified mineralization identified, indicating potential for further resource delineation
Resources at both La Romana and Cañada Honda remain open along strike and at depth
Ongoing exploration focused on expanding the resource base and supporting future technical evaluation, including targeting extensions of existing resources
and new mineralization on other mineralized corridors in the project area.
_____________________________
1
CuEq (%) = Cu (%) + [Sn (%) × 2.2241] + [Ag (g/t) × 0.0088]
2
AuEq (g/t) = Au (g/t) + [Cu (%) × 0.5414] + [Ag (g/t) ×0.0133]
Details on the MREs for La Romana and Cañada Honda are presented in the Technical Report filed on SEDAR+ and the Company's website.
Equivalent
grades are provided for illustrative purposes only and are not used for cut-off grade determination. Equivalent grades were calculated using metal prices and
recoveries only and do not include payability or refining charges.
Figure 1: Location Map for La Romana and Cañada Honda deposits at the Escacena Project (CNW Group/Pan Global Resources Inc.)
Qualified Persons
Mineral Resource Estimates
: Steve Hyland, AusIMM Fellow, and
Steve Craig
, AusIMM Fellow (Orelogy), independent Qualified Persons.
Metallurgy
: David Castro López, MIMMM, QMR #685454 (Minepro Solutions), independent Qualified Person.
Exploration & Technical Data
: Álvaro Merino, Vice President Exploration, Pan Global Resources, Qualified Person (not independent).
The Qualified Persons have reviewed and approved the scientific and technical information contained in this media release.
About the Escacena Project and Escacena South areas
The Escacena Project and recently added Escacena South area comprises a large, contiguous mineral rights land package controlled 100% by Pan Global in the
east of the Iberian Pyrite Belt. The area has been expanded from 5,760-hectares to more than 10,000-hectares with the award of the Flores, Rosario and
Girasoles mineral rights in
September 2025
. Pan Global has also submitted four additional Investigation Permit applications covering 3,888-hectares (Inmaculada,
Santa Isabel
,
Santa Micaela
I and
Santa Micaela II
) that will further increase the mineral rights holdings in the Iberian Pyrite Belt to more than 13,900-hectares.
Escacena is located near the operating mine at Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes
(Grupo México) is commencing a new underground mine development beneath the former Los Frailes open pit mine.
About Pan Global Resources
Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. Copper has compelling supply-demand
fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. Gold is also attracting record prices.
The Company's flagship Escacena Project is in the prolific Iberian Pyrite Belt in southern
Spain
, where a favourable permitting track record, excellent
infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one
low-risk jurisdiction for mining investment. Escacena contains the La Romana copper-tin-silver deposit and the Cañada Honda gold-copper deposits, with maiden
resources announced in
December 2025
. The Company's second project, at Cármenes in northern
Spain
, is also an area with a long mining history and excellent
infrastructure. The Pan Global team comprises proven talent in exploration, discovery, development, and mine operations - all of which are committed to operating
safely and with utmost respect for the environment and our partnered communities. The Company is a member, and operates under the principles, of the United
Nations Global Compact.
For additional information, please visit
Curation Connect
.
Forward-looking statements
Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations, or intentions regarding
the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The
Company believes that the expectations reflected in the forward-looking information included in this media release are reasonable, but no assurance can be given
that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not
limited to, economic, competitive, governmental, environmental, and technological factors that may affect the Company's operations, markets, products, and
prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with
the British Columbia Securities Commission.
The forward-looking information contained in this media release is based on information available to the Company as of the date of this media release. Except as
required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX
VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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For further information:
FOR MORE INFORMATION PLEASE CONTACT: Jason Mercier, VP Investor Relations and Communications,
[email protected] / [email protected], Tel: +1-236-886-9518, www.panglobalresources.com
CO: Pan Global Resources Inc.
CNW 18:12e 12-FEB-26