PAN GLOBAL INTERCEPTS NEAR-SURFACE HIGH-GRADE GOLD AT THE CÁRMENES PROJECT, SPAIN

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

• High-grade intercepts include 3.5 g/t over 8 meters and 1.2 g/t Au over 10 meters in drillhole PVD10
• Free native gold identified in hematite breccia: potential for favourable metallurgy
• Polymetallic mineralization (Au–Cu–Ni–Co) confirmed beyond the limits of historical mining
• More than two dozen untested gold and polymetallic targets identified across the Cármenes Project
• Phase 3 drill program to commence in first quarter of 2026

VANCOUVER, BC, Feb. 3, 2026 /PRNewswire/ – Pan Global Resources Inc. („Pan Global“ or the „Company“) (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce further results from the Phase 2 drill program and preliminary petrographic studies on the gold mineralization at the Providencia target, at the Company’s 100%-owned Cármenes Project („Cármenes“) in northern Spain.

„Drilling continues to confirm near surface high-grade gold mineralization strongly associated with hematite breccia zones at the Providencia target. The identification of free native gold within the breccia supports the potential for favourable metallurgy,“ said Tim Moody, President and CEO of Pan Global.