Pan Global commences Phase 2 drilling at Cañada Honda deposit, Escacena, Spain

Canada NewsWire TSXV: PGZ   |   OTCQB: PGZFF   |   FRA: 2EU Escacena Project area expanded to 16,745 hectares Escacena North: Step-out drilling underway at the Cañada Honda deposit where previous drilling intersected significant copper-gold and most of the 3 km-long target remains untested Escacena North: Multiple new drill targets generated across Cañada Honda corridor from recent geophysical and geochemical surveys Escacena South: Helicopter EM plus magnetic survey commences in July VANCOUVER, BC , June 29, 2026 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to provide an exploration update from its 100%-owned Escacena Project ("Escacena" or the "Project") in the Iberian Pyrite Belt of southern Spain, including expansion of the project area, a helicopter geophysics survey at Escacena South, commencement of Phase 2 drilling at the Cañada Honda copper-gold deposit, encouraging results from recently completed geophysical and geochemistry surveys, and continued advancement of exploration targets across the Project. "Escacena continues to grow as a district-scale copper exploration project, with a significantly expanded land position, more than 15 priority targets and a fully funded 20,000-meter drill program planned over the next 12-to-18 months to systematically test the Company's growing pipeline of targets," said Tim Moody, President and CEO of Pan Global Resources. "A new phase of drilling has commenced at Cañada Honda, where previous drilling intersected significant copper-gold mineralization on only a small portion of a three-kilometer-long target.

Recent geophysical and geochemical surveys have generated additional drill targets and continue to highlight the potential for new discoveries across the broader Escacena Proj