Pan Global intersects 83 m of 1.74 g/t Au at Cármenes, Spain

Pan Global Intersects 83 Meters of 1.74 g/t Gold, Expanding New Gold Zone at Cármenes Project, Spain

Providencia drillhole PVD16 returns 83 meters at 1.74 g/t gold from 9 meters depth, including multiple higher-grade intervals

Widest high-grade intercept to date includes 4.88 g/t gold over 9 meters, 12.57 g/t gold over 2 meters, 2.65 g/t gold over 12 meters, and a peak of 32.2 g/t gold over 0.5 meters

Highlights potential to expand mineralization footprint southwards

High-grade mineralization extends to surface, remains open both laterally and at depth

VANCOUVER, British Columbia , Sept. 17, 2026 (GLOBE NEWSWIRE) -- Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ; OTCQB: PGZFF; FRA: 2EU) is pleased to announce exceptional assay results from drillhole PVD16 at the Providencia target (“Providencia”), part of the Company’s 100%-owned Cármenes Project (“Cármenes”) in northern Spain. These results mark the widest high-grade intercept to date in the ongoing Phase 3 drill campaign.

The results reveal a network of steeply-dipping, northerly-trending higher grade gold zones and associated copper, cobalt, nickel platinum and palladium mineralization. The mineralization is within a broader 500 meter (m) x 200 m carbonate breccia system.

Key Highlights from Drillhole PVD16:

83 meters averaging 1.74 g/t gold from 9 meters (downhole) including: 4.88 g/t Au, 0.04% Cu, 0.06% Ni, 0.08% Co, 3.0 g/t Ag, 0.27 g/t Pt and 0.19 g/t Pd over 9 m

12.57 g/t Au over 2 m

5.88 g/t Au over 2 m

2.65 g/t Au over 12 m with a bonanza grade of 32.2 g/t Au over 0.5 m

High-grade gold mineralization extends to surface and remains open along strike and at depth

Confirms continuation and expansion of gold mineralization beyond previous intercepts, including the 3.9 g/t gold over 15 meters recently reported in drillhole PVD15

Gold grades notably increase to the east and south of the historical Providencia mine, indicating potential to expand mineralization f