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PGZ.V ·

Pan Global Grants Incentive Awards

Share Capital & Compensation

PAN GLOBAL GRANTS INCENTIVE AWARDS

TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU

VANCOUVER, BC

,

Jan. 23, 2026

/CNW/ - Pan Global Resources Inc. ("Pan Global" or the

"Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) announces that the Company's Board of

Directors has approved the grant of a total of 1,015,150 Restricted Share Units (RSUs) to three

executive officers at a deemed price per RSU of

$0.165

as short-term incentive compensation. The

RSUs have been issued under the Company's shareholder-approved Omnibus Equity Incentive

Compensation Plan (the "Plan").

The RSUs will vest on the one-year anniversary of the date of the grant. Under the Plan, a maximum

of 5,000,000 non-option equity awards may be granted. Following the issuance of the RSUs today,

an aggregate of 2,340,150 RSUs and 650,000 Deferred Share Units are outstanding under the Plan.

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 located 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. 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.

On behalf of the Board of Directors

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.

SOURCE

Pan Global Resources Inc.

View original content to download multimedia:

http://www.newswire.ca/en/releases/archive/January2026/23/c2788.html

%SEDAR: 00024063E

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 18:57e 23-JAN-26