PGZ.V · 2025-09-09 12:00:00

Pan Global Intersects 3.01 G/T GOLD over 34 Meters Near Surface, Including 8.93 G/T GOLD over 5 Meters, at Cármenes Project, Spain

Drill Results

PAN GLOBAL INTERSECTS 3.01 G/T GOLD OVER 34 METERS NEAR

SURFACE, INCLUDING 8.93 G/T GOLD OVER 5 METERS, AT CÁRMENES

PROJECT, SPAIN

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

First assay results for drillholes testing area of breccia-hosted gold mineralization east of the historical Providencia mine workings at 100%-

owned Cármenes Project

Assays pending for hole drilled beneath surface trench with

20m

of 1.7g/t gold

Potential to expand the high-grade copper, cobalt, nickel sulphide breccia at the historical mine workings

Multiple untested targets within Cármenes Project area

Drilling at the flagship Escacena Project continuing at La Romana target and set to resume shortly at Bravo target

VANCOUVER, BC

Sept. 9, 2025

/CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased

to announce significant near surface gold assay results from its maiden drill program at the Providencia target, in the Company's 100%-owned Cármenes Project

("Cármenes"), northern

Spain

. The first drill results were reported on

May 19, 2025

and

June 18, 2025

.The new drill results are the first holes targeting an area of

anomalous gold mineralization east of the mine workings.

Drill Highlights:

Assays received for two completed drillholes (PVD05 and PVD06)

High-grade intercept in hole

PVD06

(less-than

20m

vertical below surface);

34.0m

at 3.01 g/t Au

from

131.0m

(down-hole), including

5.0m

at 8.93 g/t Au

from

131.0m

2.0m

at 15.18 g/t Au, 1.23 g/t Pt+Pd

from

133.0m

4.7m

at 5.65 g/t Au

from

143.0m

2.0m

at 7.15 g/t Au

from

161.0m

Highest grade assay of 17.6 g/t Au

over

from

134.0m

Drilling target area alongside and beneath a historical exploration tunnel where recent channel samples averaged 3.11 g/t gold over 37 meters

Gold mineralization mainly host in red haematitic hydrothermal-altered brecciated carbonate rocks, with disseminated sulfides

PVD06 extends gold zone up to

70m

east

of hole PVD02 (

46m

at 1.08 g/t Au), open east, west and at depth

PVD05

intersected dolomite breccia in the outer halo to the gold zone, confirming the alteration and breccia zonation model, but without significant results

Assays pending for hole PVD07

drilled

50m

east of hole PVD06, testing beneath a surface trench with

20m

at 1.7 g/t Au

"The new results expand the near-surface breccia-hosted gold mineralization east of the historical mine workings and include the highest-grade gold intercept at

Providencia to-date. These are the first drill results testing an area with highly anomalous gold-in-soil samples, trench and channel sampling results east of

Providencia. The near surface gold mineralization intercepted in hole PVD06 extends to surface and is wide-open," said

Tim Moody

, Pan Global's President and

CEO.

"Providencia represents a compelling discovery opportunity, including the potential to expand the high-grade copper, cobalt, nickel sulphide breccia at the historical

mine and expand the newly discovered gold zone. The drill results reinforce our breccia alteration zonation model for targeting higher grade mineralization and help

identify additional mineralization at the more than two dozen identified potential targets in the Cármenes Project."

Figure 1 – Summary Geology map and drillhole locations; A – A’ cross section location (CNW Group/Pan Global Resources Inc.)

Figure 2 –Geology cross-section for drillholes PVD05 and PVD06 (CNW Group/Pan Global Resources Inc.)

Table 1

– Providencia Drill Results Summary

Drillhole

From

Interval

g/t

ppm

PVD06

131.0

165.0

34.0

3.01

including

131.0

136.0

5.0

8.93

Including

133.0

135.0

2.0

15.18

0.83

0.40

Including

134.0

135.0

1.0

17.60

0.90

0.33

Including

143.0

147.7

4.7

5.65

including

161.0

163.0

2.0

7.15

PVD05

No significant results

All intercepts are reported as downhole drill widths. There is insufficient drilling to constrain the geometry to determine true width. Includes 6m interval from 147.7m to 153.7m with poor core recovery, potentially resulting in some loss of higher-grade mineralization

Table 2

–Drillhole Collar Information

Hole ID

Easting

Northing

Azimuth (º)

Dip (º)

Length (m)

PVD05

287579

4761154

340

-20

187.6

PVD06

287531

4761318

164

-23

171.6

Coordinate system: UTM30N ERTS89

Escacena Project Drilling Update

Drilling is continuing at the Company's flagship Escacena Project in the Iberian Pyrite Belt in southern

Spain

, with one drill rig currently targeting expansion of the

La Romana copper-tin-silver deposit. Results are pending for initial drillholes at Hornitos and Plomillos targets, and most recent drillholes at the Bravo target.

Drilling will resume shortly at the Bravo target after a detailed revision of the drill core and geophysics following completion of four drillholes (three holes were

abandoned due to ground conditions). Sulphide minerals and/or associated alteration have been logged in holes BRD01, BRD02 and BRD04, including traces of

disseminated/vein hosted sphalerite and galena in BRD04, consistent with outer parts of volcanogenic massive sulphide (VMS) systems. The results to-date

indicate the source of the gravity and a strong IP chargeability anomaly have not yet been intersected, and potential remains for discovery of VMS mineralization.

The review was designed to refine the positioning of the remaining two planned drillholes.

The maiden Mineral Resource Estimate for the La Romana deposit is on-track to commence in September for delivery in 2025.

About the Cármenes Project

The Cármenes Project is located approx. 55km north of León in northern

Spain

and comprises five Investigation Permits over 5,653 hectares. The Project area is

highly prospective for multiple bodies or "clusters" of carbonate-hosted "pipe-like" breccia style copper, nickel, cobalt, and gold mineralization. The area includes

the former Profunda and Providencia mines that last operated in the 1930s, producing concentrates of copper and cobalt with nickel. Numerous other smaller

historical mine workings in the area highlight potential for additional breccia pipes. These types of ore deposits can have significant vertical dimensions exceeding

1km.

About the Escacena Project

The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. 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 in the final permitting stage for mine development. The Escacena Project hosts Pan Global's La Romana and La Pantoja copper-tin-silver discoveries

and the Cañada Honda copper-gold discovery. Escacena hosts a number of other prospective targets, including Bravo, Barbacena, El Pozo,

Romana Norte

, San

Pablo, Zarcita, Hornitos, La Jarosa,

Romana Deep

, and Cortijo.

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.

To learn more about Pan Global Resources, please visit the Company's Curation Connect showcase and explore AI-generated responses to your

enquiries at

https://app.curationconnect.com/company/Pan-Global-Resources-44037?utm_source=pg_mediareleases

Qualified Persons

Álvaro Merino, Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has approved the scientific

and technical information for this media release. Mr. Merino is not independent of the Company.

QA/QC

Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was

core length and ranged from 0.5 to

. Sample intervals were defined

using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all

times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples

in each batch.

Samples were delivered to ALS laboratory in

Seville, Spain

and assayed at the ALS laboratory in

Ireland

. All samples were crushed and split (method CRU-31,

SPL22Y), and pulverized using (method PUL-31). Gold, platinum and palladium analysis was by 50gm fire assay with ICP finish (method Au-ICP-24) and multi

element analysis was undertaken using a 4-acid digest with ICP AES finish (method ME-ICP-61). Over grade base metal results were assayed using a 4-acid

digest ICP AES (method OG-62).

www.panglobalresources.com

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

CO: Pan Global Resources Inc.

CNW 07:30e 09-SEP-25

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