Pan Global closes $7.2 million private placement with Alpayana

Canada NewsWire /NOT FOR DISSEMINATION, RELEASE OR PUBLICATION IN OR INTO THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES/ TSXV: PGZ    |    OTCQB: PGZFF    |    FRA: 2EU                            VANCOUVER, BC , June 15, 2026 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce that it has closed its previously announced non-brokered private placement financing with Alpayana (the " Alpayana Acquisition "). The Company issued 45,000,000 Common Shares (the " Shares ") of the Company at a price of C$0.16 per Share for gross proceeds of C$7,200,000 (the " Offering "). Alpayana now holds 19.55% of the issued and outstanding common shares of the Company.

The Shares will be subject to a hold period expiring October 13, 2026. No finders fees were paid in connection with the Offering. The proceeds of this Offering will be used to advance a significantly expanded exploration and drill program at the Company's Escacena and Cármenes Projects, including at the recently acquired and highly prospective Escacena South property in southern Spain, and for general corporate purposes.

Early Warning Disclosure Immediately prior to completion of the Alpayana Acquisition, Alpayana beneficially owned and controlled an aggregate of 35,000,000 Common Shares, representing 9.61% of the issued and outstanding Common Shares of Pan Global. Following completion the Alpayana Acquisition, Alpayana beneficially owns and controls 80,000,000 Common Shares, representing 19.55% of the issued and outstanding Common Shares of Pan Global. This media release and Alpayana' s corresponding early warning report (the " Early Warning Report ") which is expected to be filed on SEDAR+ in the near term, constitutes the required disclosure pursuant to section 5.2 of National Instrument 62-104 - Take-Over Bids and Issuer Bids (" NI 62- 104 ").

The requirement to file an early warning report was triggered because the acquisition by Alpayana of the Common Shares resulted in Alpayana' s ownership of the Common Shares increasing to greater than 10%. The acquisition of Common Shares of Pan Global was made in the ordinary course of business and for investment purposes. Alpayana may acquire or dispose of ownership or control or direction over securities of Pan Global or may enter into derivative or other transactions with respect to such securities.

Any acquisition or disposition may be effected through market transactions, private agreements, subscriptions from treasury or otherwise. The Early Warning Report that will be filed on SEDAR+ in respect of the Alpayana Acquisition will satisfy the requirement of section 5.2 of NI 62-104 to have the Early Warning Report filed by an acquiror, in this case by Alpayana, with the securities regulatory authorities in each of the jurisdictions in which Pan Global is a reporting issuer and which contains the information required by section 3.1 of National Instrument 62-103 – The Early Warning System and Related Take-over Bid and Insider Reporting Issues (" NI 62-103 "), which includes the information required by Form 62-103F1. A copy of the Early Warning Report filed by Alpayana in connection with the Alpayana Acquisition will be available under the Pan Global's profile on the SEDAR+ website at www.sedarplus.ca .