Pan Global Resources Announces Closing of First Tranche of Non- Brokered Private Placement Financing

1199 West Hastings Street, Suite 700, Vancouver, BC V6E 3T5

Tel: 604-689-9930 Fax: 604-689-9940

July 18, 2018

Shares Issued and Outstanding: 89,543,387

TSXV: PGZ

PAN GLOBAL RESOURCES ANNOUNCES CLOSING OF FIRST TRANCHE OF NON-

BROKERED PRIVATE PLACEMENT FINANCING

VANCOUVER, BRITISH COLUMBIA – (July 18, 2018) – Pan Global Resources Inc . (“Pan

Global” or the "Company") (TSX Venture Exchange: PGZ) today announced it has completed the

first tranche its previously announced non-brokered private placement by the issuance of

7,788,000 units (the “Units”) at a price of $0.20 per Unit for aggregate gross proceeds of

$1,557,600.00 (the “Offering”). Each Unit is comprised of one (1) common share and one-half of

one (1/2) common share purchase warrant, with each whole warrant entitling the holder to

purchase one additional common share at a price of $0.30 for 18 months from closing of the

Offering. The expiry date of the warrants may be accelerated by the Company if the common

shares of the Company achieve a volume weighted average trading price greater than $0.35 for

twenty (20) consecutive trading days.

The Units, common shares, share purchase warrants, finders’ warrants and shares issued upon

exercise of the share purchase warrants and / or the finders’ warrants are subject to a four month

hold period, expiring November 18, 2018.

Finders’ fees in the aggregate of $64,836.00 and 162,090 finders’ warrants were paid on a

portion of the Offering. Each finder’s warrant entitles the holder to purchase one additional

common share at a price of $0.30 for 18 months from closing of the Offering

About Pan Global Resources

Pan Global Resources Inc. is actively engaged in base and precious metal exploration in Spain,

and is pursuing opportunities from exploration through to mine development. The company has

committed to operating safely and with respect to the communities and environment where we

operate.

On behalf of the Board of Directors

www.panglobalresources.com.

FOR FURTHER INFORMATION PLEASE CONTACT:

SHERMAN DAHL

President, Pretium Group

Tel: (250) 558-8340

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. 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 t he Company's Management Discussi on and Analysis of its audited

financial statements filed with the British Columbia Securities Commission.

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.