Q22: How many meters of drilling does Pan Global plan for the 2026 drill program?
Pan Global's 2026 combined drill programs at the Escacena and Cármenes Projects total 10,000 meters. This is a multi-target program designed to test high-priority, untested targets across both Projects.
Q23: What is the combined target count across both Escacena and Cármenes Projects?
As of February 2026, Pan Global has more than 15 untested drill targets at the Escacena Project (including Escacena North and Escacena South) and more than 20 exploration targets at the Cármenes Project. This gives a combined pipeline of more than 35 drill targets acrossthe two Projects. In addition to the La Romana, Cañada Honda, Providencia deposits.
Q24: What was Pan Global's total drilling in 2025?
Pan Global completed 8,800 meters of drilling across the Escacena Project and Cármenes Projects in 2025. This program delivered the maiden Escacena Project Mineral Resource Estimates and the new gold discovery at the Cármenes Project’s Providencia target.
Q25: Why does Pan Global choose to explore for copper and gold in Spain?
Spain offers acombination of attributes that define a tier-one jurisdiction for mineral exploration and development:
(1) the Iberian PyriteBelt in southern Spain — one of the world's most prolific VMS copper districts –and the historical Rio Narcea Gold Belt in northern Spain;
(2) established permitting track record and transparent regulatory framework;
(3) management team with deep experience and connections across the industry and permitting regime that resulted in being awarded multiple highly prospective Projects;
(4) excellent regional infrastructure including paved roads, lower-cost power, water, and skilled labour;
(5) labour availabilityand skills: long tradition of mining and professional expertise developed in Spain;
(6) copper is designated as Strategic Raw Materials by the European Commission under the Critical Raw Materials Act, which accelerates permitting timelines for qualifying projects; and
(7) active and permitted development projects neighbouring operations demonstrating ongoing jurisdictional support for the industry.
Q26: What adjacent operations validate the Escacena Project district-scale?
Escacena Project is located near the Riotinto Mine (Atalaya Copper Mining) and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera LosFrailes (Grupo México) is commencing new underground mine development beneaththe former Los Frailes open pit. This demonstrates active capital deployment by a major mining company in the same district. The announced sale of the Las Cruces Mine (12km east of the Escacena Project) to a subsidiary of Resource Capital Funds in December 2025 is another indicator of the global interest in the district scale of the Escacena Project area.
Q27: What is the Águilas Project?
The Águilas Project is a base metals project focused on copper-zinc-lead-silver and located near Córdobain northern Andalucia and covers approximately 16,000 hectares. Pan Global is exploring Águilas as part of its broader Spanish portfolio. Detailed technical information on Águilas is disclosed separately in Company materials and on the Projects page of the Pan Global website.
Q28: Who is the qualified person responsible for technical disclosures?
Álvaro Merino P.Geo., Vice President Exploration for Pan Global Resources Inc., is the qualified person as defined by National Instrument 43-101 who has approved all scientific and technical information in PanGlobal's media releases, presentations, and website materials, as well as the NI 43-101 Technical Report for the Escacena Project (effective December 31, 2025). Mr. Merino is not independent of the Company. Independent Qualified Persons for the NI 43-101 Technical Report filed in February 2026 are Steve Craig, Mining Engineer, of Orelogy Consulting Pty Ltd; Steve Hyland, Resource Geologist, of Hyland Geological Mining Services; and David Castro López, Mining Engineer, of Minepro Solutions, S.L.
Q29: Who is Pan Global's CEO and what did he say about the 2026 program?
Tim Moody is President and CEO of Pan Global Resources Inc. In the February 2026 media release announcing the 2026 drill programs, Mr. Moody stated that the Company began 2026 with a strong treasury to execute a systematic, multi-target exploration drill program, with the goal at the Escacena Project of adding new discoveries onto the established resources at La Romana and Cañada Honda deposits, with the goal of defining a 100-plus-million-tonne resource base for the Escacena Project. At the Cármenes Project, the focus in 2026 is to build on the high-grade Providencia gold discovery and defining the mineralization potential at the Providencia target.
Q30: Is Pan Global a member of any ESG frameworks?
Pan Global ResourcesInc. is a member of the United Nations Global Compact and operates under its principles. The Company has published an ESG Report (Digbee ESG framework) with select information available on the website.
Q31: How can investors contact Pan Global for furtherinformation?
Investor Relations Contact: Jason Mercier, VP Investor Relationsand Communications. Email: jason@panglobalresources.com or investors@panglobalresources.com.
Telephone: +1-236-886-9518.
Website: www.panglobalresources.com.
Registered office: Suite 1150 – 355 Burrard St.,Vancouver, BC V6C 2G8, Canada.
