PAN GLOBAL INTERCEPTS NEAR-SURFACE HIGH-GRADE GOLD AT THE CÁRMENES PROJECT, SPAIN /* Style Definitions */ span.prnews_span { font-size:8pt; font-family:"Arial"; color:black; } a.prnews_a { color:blue; } li.prnews_li { font-size:8pt; font-family:"Arial"; color:black; } p.prnews_p { font-size:0.62em; font-family:"Arial"; color:black; margin:0in; } .prngen5{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 0.5pt solid } .prngen7{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER; BORDER-TOP:black 1pt; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid } .prngen4{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 0.5pt solid } .prngen3{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER; BORDER-TOP:black 0.5pt solid; BORDER-RIGHT:black 0.5pt solid; BORDER-BOTTOM:black 0.5pt solid; BORDER-LEFT:black 0.5pt solid } .prngen2{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:black 1pt; BORDER-RIGHT:black 1pt; BORDER-BOTTOM:black 1pt; BORDER-LEFT:black 1pt } .prngen6{ PADDING-RIGHT:0.17em; PADDING-LEFT:0.17em; BORDER-TOP:none black; BORDER-BOTTOM:none black; BORDER-LEFT:0.5pt solid black; BORDER-RIGHT:0.5pt solid black; VERTICAL-ALIGN: MIDDLE; TEXT-ALIGN: CENTER } .prnml4{ MARGIN-TOP:0em; MARGIN-RIGHT:0em; MARGIN-BOTTOM:0em; MARGIN-LEFT:0.33em !IMPORTANT } .prnbcc{ BORDER-COLLAPSE: COLLAPSE } Canada NewsWire TSXV: PGZ | OTCQB: PGZFF | FRA: 2EU High-grade intercepts include 3.5 g/t over 8 meters and 1.2 g/t Au over 10 meters in drillhole PVD10Free native gold identified in hematite breccia: potential for favourable metallurgyPolymetallic mineralization (Au–Cu–Ni–Co) confirmed beyond the limits of historical miningMore than two dozen untested gold and polymetallic targets identified across the Cármenes Project Phase 3 drill program to commence in first quarter of 2026VANCOUVER, BC, Feb. 3, 2026 /CNW/ - Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQB: PGZFF) (FRA: 2EU) is pleased to announce further results from the Phase 2 drill program and preliminary petrographic studies on the gold mineralization at the Providencia target, at the Company's 100%-owned Cármenes Project ("Cármenes") in northern Spain. "Drilling continues to confirm near surface high-grade gold mineralization strongly associated with hematite breccia zones at the Providencia target. The identification of free native gold within the breccia supports the potential for favourable metallurgy," said Tim Moody, President and CEO of Pan Global. "Importantly, drilling has demonstrated that copper–nickel–cobalt-gold mineralization extends beyond the historical mine workings and that multiple gold zones occur at shallow depths. The mineralization remains open along strike and at depth, providing compelling targets for the next phase of drilling to define the extent of the system and evaluate the more than two dozen other drill targets in the Cármenes Project area." Hydrothermal breccia and alteration mapping over a 500m-by-200m area, alongside highly anomalous copper and gold soil geochemistry, indicates the potential for a much larger gold-bearing and polymetallic mineral system at the Providencia target. Geophysical data also indicates that mineralization remains open at depth beneath historical mine workings. The Providencia higher-grade gold mineralization is primarily hosted within red hematitic hydrothermal breccia zones developed in carbonate rocks. Lower gold grades are associated with copper-nickel-cobalt mineralization. Preliminary petrographic analysis confirms the presence of free native gold within the breccia matrix. This is a strong indicator of potential for favourable metallurgical properties, which will be the subject of further testing. The Phase 3 drill program is planned to commence in the first quarter of 2026. All reported drill intervals are down-hole lengths; insufficient drilling has been completed to determine true widths. Drill Highlights: Providencia Target Assays received for completed drillholes PVD07 to PVD10Drillhole PVD10 Intersected multiple gold intervals from shallow depths, including:1.2 g/t Au over 10 m from 16 m (60m east of historical mine), and3.5 g/t Au over 8 m from 77 m, including 5.8 g/t Au over 4 mGold mineralization is associated with steeply dipping red hematitic carbonate breccia zones Confirms additional gold mineralization adjacent to historical mine workings and within a separate gold-bearing structural zone approximately 60 meters eastDrillhole PVD07 Intersected a mineralized interval of approximately 5 meters from 115 meters down-hole, indicated by elevated gold and silver assays immediately