/R E P E A T — PAN GLOBAL INTERSECTS 1.08 G/T GOLD OVER 46 METERS FROM NEAR SURFACE IN FIRST DRILLHOLE AT CÁRMENES PROJECT, SPAIN/

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• Confirms potential for significant new gold discovery at 100%-owned Cármenes Project, northern Spain
• Potential for additional discoveries in the large Cármenes Project area

VANCOUVER, BC, May 19, 2025 – Pan Global Resources Inc. (“Pan Global” or the “Company”) is pleased to announce significant near surface gold assay results in the first drillhole completed at the Company’s 100%-owned Cármenes Project, northern Spain.

The current six-hole drill program is targeting expansion of the breccia-hosted mineralization associated with the historical Providencia copper-cobalt-nickel underground mine workings. The drillhole results highlight potential for significant gold not previously reported in the area.

Drill Highlights:

• Drillhole PVD02:
  • 46.0m at 1.08 g/t Au from 24.0m down-hole, including
    • 4.0m at 6.27 g/t Au, 0.25 g/t Pt+Pd from 66.0m

“The first drill results at the Providencia target represent an exceptional start to Pan Global’s maiden drill program at Cármenes, confirming discovery of previously unknown near-surface gold mineralization over a wide interval,” said Tim Moody, Pan Global President and CEO.

Key points:

• Current six-hole drill program is Pan Global’s maiden drill campaign at the Cármenes Project.
• The first completed drillhole (PVD02) intersected a high-grade interval of 6.27 g/t gold over 4m within a broader interval averaging 1.08 g/t gold over 46m from 24m down-hole.
• Assay results are anticipated within three weeks for completed drillholes PVD03 and PVD04.
• The on-going drilling includes three step-out holes up to 120m east of the Providencia mine workings.
• Multiple targets identified in the Cármenes Project area highlight the potential for additional discoveries.

Pan Global is also pleased to report that drilling has resumed at the Company’s flagship Escacena Project in southern Spain, with the focus on high-priority targets.

About the Cármenes Project

The Cármenes Project is located approximately 55km north of León in northern Spain. It includes the former Profunda and Providencia mines, highlighting potential for additional breccia pipes with significant vertical dimensions.

About Pan Global Resources

Pan Global Resources Inc. is actively exploring for copper-rich mineral deposits along with gold and other metals. The Company’s flagship Escacena Project is located in the Iberian Pyrite Belt in southern Spain.

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.

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