PAN GLOBAL ANNOUNCES CLOSING OF $7.2 MILLION PRIVATE PLACEMENT WITH ALPAYANA

Pan Global Resources Inc. has successfully completed a non-brokered private placement financing with Alpayana, raising gross proceeds of C$7,200,000. The transaction, announced on June 15, 2026, involved the issuance of 45,000,000 common shares at a price of C$0.16 per share. Following this investment, Alpayana now holds 19.55% of the issued and outstanding common shares of Pan Global.

Pan Global Resources is an exploration company focused on advancing its mineral projects located in southern Spain, particularly the Escacena and Cármenes projects. The Escacena Project encompasses over 15,000 hectares within the Iberian Pyrite Belt, a region known for its rich copper deposits. This area is strategically situated near operating mines, including the Riotinto mine, and adjacent to significant historical mining sites. The financing from Alpayana will primarily support an expanded exploration and drilling program at these projects, including the newly acquired Escacena South property, which has shown considerable promise.

The strategic rationale behind Alpayana's investment lies in the potential for mineral discoveries in a region that has been relatively underexplored in recent years. The Escacena Project has already demonstrated significant mineral resource estimates, including copper, tin, and silver deposits, which are critical for meeting the growing demand for these metals in various industries. The Cármenes Project, located in the Rio Narcea Gold Belt, also presents opportunities for discovering additional mineralization, particularly gold, nickel, and cobalt, which are essential for the transition to greener technologies.

This transaction reflects broader trends in the mining and exploration sector, where companies are increasingly seeking to bolster their financial positions to fund exploration activities amid rising commodity prices. The influx of capital from strategic investors like Alpayana highlights the attractiveness of Pan Global's projects and the potential for significant returns as the market continues to evolve.

Looking ahead, the successful completion of this financing could position Pan Global for accelerated growth and exploration success, particularly as global demand for metals continues to rise. The investment underscores the importance of strategic partnerships in the mining sector, enabling companies to leverage financial resources to unlock the value of their mineral assets. As exploration activities ramp up, stakeholders will be closely monitoring advancements at Pan Global's projects, which could have significant implications for the company's future valuation and the broader mining landscape in the region.