Pan Global Resources Inc. announced the addition of a second drill rig at the Escacena Project to augment the planned 2024 drilling program at the Company's 100%-owned Escacena Project in the Iberian Pyrite Belt, southern Spain. Escacena Project Update. Pan Global is advancing the planned 30-40 holes (approx.

8,000 - 12,000 meters) drill plan that started last year testing both the near-surface mineralization west of the existing 1.5km surface strike extent at the La Romana copper-tin-silver deposit and also expanding the copper-gold-silver mineralization at the new Canada Honda discovery nearby. Approximately 70% of the planned drilling at the two discoveries has been completed. Results are pending for three completed drill holes at Canada Honda, and drilling at the Escacena Project continues.

Progress is also being made on access to the high-priority Bravo gravity target located east of the La Romana copper-in-silver discovery, and work is expected to commence immediately on signing an access agreement with the surface rights owner. The Company's geology team in Spain continues to advance the pipeline of new discovery opportunities for drill testing. In the first five months of 2024, Pan Global delivered excellent copper metallurgy (in March) and tin metallurgy results (April) as well as drill results confirming expansion of mineralization at both the La Romana (January) and Canada Honda (January, April) deposits.