Pan Global Resources Inc. Confirms No Material Change

January 21, 2011 Shares Issued and Outstanding: 16,513,991 TSXV: PGZ

PAN GLOBAL RESOURCES INC. CONFIRMS NO MATERIAL CHANGE

VANCOUVER, BRITISH COLUMBIA – (January 21, 2011) – Pan Global Resources Inc. (the "Company") (TSX Venture Exchange: PGZ) today announced that the Company’s management is unaware of any material change in the Company’s operations that would account for the recent increase in market activity.

Pan Global Resources Inc. is an emerging Lithium, Potash and Borate developer. The Company has been granted an option to earn an initial undivided 51% interest in exploration licenses for the Jadar West, Voljevo and Lopare mineral prospects (together the “Balkans Properties”) in Serbia and Bosnia, with further options to earn an undivided 65% or an undivided 80% interest in the exploration licenses, together with any property, title or concession rights. A definitive Option Agreement is currently being negotiated with LithiumLi Holdings Inc. The transaction is described in the Company’s July 30, 2010 news release, and further details are available on the Company’s website, www.panglobalresources.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Julian Bavin, CEO and Director Telephone: 011 56 978095217 Pan Global Resources Inc. Email: [email protected]

The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management

400 Burrard Street, Suite 1780, Vancouver, BC V6C 3A6 Tel: 604-689-9930 Fax: 604-689-9940