PAN GLOBAL ANNOUNCES YEAR-END FINANCIAL RESULTS AND OPERATIONAL SUMMARY.

VANCOUVER, BC: Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) is pleased to report its fourth quarter and audited annual financial results for the financial year ended January 31, 2023 were filed on May 24, 2023. The audited consolidated financial statements and management discussion and analysis ("MD&A") are available on Pan Global's website at https://www.panglobalresources.com/financial-reports and have been posted under the Company profile on SEDAR at www.sedar.com. The Company reported a year-end cash balance of $8.9 million. All financial figures are in Canadian dollars.

OPERATIONAL HIGHLIGHTS

Resource delineation: More than 16,600 meters of drilling on 10 targets at the Escacena and Aguilas Projects. On January 30, 2023, the Company announced a 20,000-meter multi-target drill program for 2023.

Leadership: In July 2022, the Company announced the appointments of Juan Garcia Valledor as General Manager in Spain and Mike Westcott as a special advisor to the Board of Directors. In August, the Company announced the appointment of Andrew Marshall as Chief Financial Officer and in November, announced the appointment of Jason Mercier as Vice President Investor Relations and Communications.

Sustainability: On November 1, 2022, the Company announced admission to the UN Global Compact which supports a voluntary commitment to Ten Principles and the broader Sustainable Development Goals (SDGs). In addition, the Company commenced development of a Sustainable Mining Management System in accordance with ISO Standards, to support ESG related tracking and reporting.

Subsequent to Year End

U.S. trading upgrade: In March 2023, Pan Global announced graduation to the OTCQB Venture Market in the United States raising the Company's profile in the world's largest equity market.

Favourable preliminary metallurgical tests: In April 2023 the Company announced positive preliminary metallurgical test results exceeding 86% copper recovery for the La Romana copper mineralization using conventional flotation. The results confirmed minimal deleterious elements and the potential for a coarse primary grind size to reduce energy requirements.

Surface access: On May 11, 2023, Pan Global secured surface access to explore a 680-hectare area immediately to the west of the La Romana discovery at Escacena. Exploration at Romana West is underway, including ground geophysics and preparatory work for an initial 25-30 drill hole program. The...