Pan Global Expands Near-Surface Gold Mineralization at Providencia with 2.36 g/t Gold Over 80 Meters, Cármenes Project, Spain

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ; OTCQB: PGZFF; FRA: 2EU) is pleased to report new channel sampling results from the Providencia target at its 100%-owned Cármenes Project in northern Spain. The results expand near-surface gold mineralization beyond the historical mine workings and indicate a continuous high-grade gold zone over at least 80 meters. This demonstrates the potential for a large gold-rich breccia system with associated copper, nickel and cobalt. Channel sampling in-progress will test for extensions to the high-grade copper, nickel, cobalt identified by the new results at the 1438m Level in the historical Providencia underground mine.

"These results significantly strengthen our view that Providencia hosts a much larger gold system than previously recognized. The high-grade mineralization identified at surface, together with the widening mineralized breccia intersected underground, indicates excellent potential to expand the discovery both laterally and at depth. With drilling and sampling continuing and assays pending from six holes of the eight-hole campaign, we look forward to the next phase of results from Providencia in the coming weeks," said Tim Moody, President and CEO of Pan Global Resources.

Selected Surface Channel Results PVCC-04 - PVC-06: 2.36 g/t Au over 80 meters Including: 3.21 g/t over 23 meters (includes 7.40 g/t Au over 8 meters And: 20.18 g/t over 5 meters (reported previously) PVCC-02 : 6.12 g/t Au over 6 meters , Including : 11.92 g/t over 3 meters 0.65 g/t Au over 76 meters Including : 1.26 g/t Au over 15 meters Including : 2.97 g/t Au over 5 meters Including : 1.11 g/t Au over 3 meters PVCC-03 : 1.14% Cu, 0.23% Ni, 0.14% Co, 0.45 g/t Au over 7 meters Including: 1.84% Cu, 0.32% Ni, 0.18% Co, 0.61 g/t Au over 3 meters Selected Underground Channel Results (1438m Level) PVC1438-08: 2.40% Cu, 0.83% Ni, 0.27% Co, 0.25 g/t Au over 9 meters Including: 6.96% Cu, 2.34% Ni, 0.74% Co 0.74 g/t Au over 2 meters And: 3.45% Cu, 1.09% Ni, 0.37% Co, 0.34 g/t Au over 2 meters PVC1438-09: 1.31% Cu, 0.31% Ni, 0.09% Co, 0.13 g/t Au over 9 meters Including: 3.01% Cu, 0.70% Ni, 0.20% Co, 0.28 g/t Au over 3 meters PVC1438-04: 0.32% Cu, 0.10% Ni, 0.07% Co, 0.12 g/t Au over 12 meters Including: 0.62% Cu, 0.16% Ni, 0.12% Co, 0.22 g/t Au over 4 meters 0.22% Ni, 0.07% Co, 0.22 g/t Au over 13 meters Including: 0.46% Ni, 0.14% Co, 0.22 g/t Au over 3 meters 0.27 g/t Au over 18 meters 1.02 g/t Au over 4 meters 0.42 g/t Au over 15 meters 0.32% Cu, 0.12% Ni, 0.07% Co, 0.22 g/t Au over 4 meters PVC1438-06: 0.44 g/t Au over 32 meters Including : 1.29 g/t Au over 3 meters Channel Sampling Program Summary The latest results comprise continuous surface channel sampling across a strong gold...