Pan Global secures mineral rights expanding Escacena project by 74%

Pan Global Resources Inc. (TSXV: PGZ) announced it received mineral rights to three contiguous blocks adjacent to its Escacena Project in southern Spain through a competitive public tender process. The new rights expand the company's landholding by 74% to more than 10,000 hectares in the Iberian Pyrite Belt.

The Government of Andalucia issued the final resolution on September 29, 2025, awarding three investigation permits to Pan Global's Spanish subsidiary, Minera Sabina. The permits cover Flores (1,879.8 hectares), Rosario (636.7 hectares), and Girasoles (1,728.5 hectares), totaling 4,245 hectares.

The newly acquired area received minimal exploration by Exxon in the early 1980s and Rio Tinto in the 1990s. Reprocessing of historical gravity survey data identified numerous anomalies similar to those associated with Pan Global's La Romana copper-tin-silver discovery and other regional deposits.

"The award of the new mineral rights provides Pan Global access to one of the most promising areas for discovery of large VMS deposits," said Tim Moody, the company's president and CEO.

Pan Global continues drilling at the La Romana and Bravo targets within the Escacena Project, as well as at the Providencia gold target in its Cármenes Project in northern Spain. The company expects to complete a maiden mineral resource estimate for the La Romana deposit by year-end 2025.

The expanded Escacena Project is surrounded by operations from First Quantum, Grupo México, Sandfire and Atalaya. Pan Global has submitted four additional investigation permit applications covering 3,888 hectares that would increase total holdings in the Iberian Pyrite Belt to more than 13,900 hectares.

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