Pan Global Resources Successfully Completes $5.6 Million Private Placement with a Strategic Investor

Pan Global Resources Announces Completion of $5.6 Million Private Placement

Vancouver, BC – January 21, 2026 – Pan Global Resources Inc. (TSX-V: PGZ; OTCQB: PGZFF; FRA: 2EU) has successfully closed a private placement with a strategic investor, raising gross proceeds of approximately $5.6 million. The company issued 35 million common shares at a price of CAD 0.16 per share. The shares issued will be subject to a hold period expiring on May 15, 2026.

Pan Global plans to utilize the funds raised to advance its exploration and drilling activities in its Escacena and Cármenes projects. The Escacena South project, located in southern Spain, is a newly awarded and promising project that has significant potential. This investment not only validates the company’s exploration portfolio but also strengthens its operational capacity.

Tim Moody, President and CEO of Pan Global, expressed enthusiasm about welcoming a prominent investor with extensive mining operations experience to the shareholder roster. He emphasized that this investment is a vote of confidence in the company’s ability to advance its projects and make new discoveries in the coming year, 2026.

Escacena Project Overview

The Escacena project encompasses an extensive land package controlled entirely by Pan Global, situated in the Eastern Iberian Pyrite Belt. Recently, the company expanded its area from 5,760 hectares to over 10,000 hectares by securing mining rights to additional claims. Furthermore, Pan Global has filed four more research permit applications covering an additional 3,888 hectares, which will increase its mining rights to over 13,900 hectares in this promising area.

Notably, the project is strategically located near the operational Riotinto mine and adjacent to former mines like Aznalcóllar and Los Frailes, where new underground mining developments are underway. The Escacena project hosts several significant mineral deposits, including copper, tin, and silver in the La Romana deposit, along with copper and gold discoveries like Cañada Honda.

Cármenes Project Insights

The Cármenes project is located in the Narcea Gold Belt, approximately 55 kilometers north of León, covering five research permit areas across 5,653 hectares. This region is notable for its high potential to host multiple mineralized occurrences, including copper, nickel, cobalt, and gold deposits. Historically, the area featured mining operations for copper and cobalt that ceased in the 1930s. Recent drilling programs have yielded new gold discoveries at the Providencia target, indicating the project’s potential for further expansion.

Pan Global's Commitment and Outlook

Pan Global Resources Inc. is focused on exploring mineral deposits rich in vital metals such as copper and gold. With growing global demand for copper, which plays a critical role in global electrification and energy transition, and record prices for gold, the company is well-positioned for the future.

The flagship Escacena project, located in a favorable jurisdiction for mining investments, benefits from a history of permitting and excellent infrastructure. The Cármenes project also boasts a strong mining legacy and accessibility. The Pan Global team is composed of experienced professionals in exploration, development, and mining operations, committed to conducting business safely while respecting environmental and community standards.

To learn more about Pan Global Resources, you can visit their official website and explore their corporate presentation for detailed insights into their ongoing projects and future prospects.

Disclaimer and Future Statements

This announcement contains forward-looking statements concerning the future operations and expectations of Pan Global Resources Inc. Actual results may differ significantly due to various risks and uncertainties. Investors are encouraged to review detailed risk information in the company's management report and audited financial statements.

For additional inquiries, please contact:

- Jason Mercier, VP of Investor Relations: [Email Address], +1-236-886-9518
- Justin Byrd, CFO: [Email Address], www.panglobalresources.com