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“PAN GLOBAL- Capitalizing on Global Growth with Non-Brokered Private Placement

Pan Global Resources Inc. (the “Company” or “Pan Global”) (TSXV: PGZ) announced today that it has arranged a non-brokered private placement of up to 6,666,667 units (the “Units”) of the Company at a price of $0.30 per Unit for aggregate gross proceeds of up to $2 million (the “Offering”).

Each Unit of the Offering will consists of one common share (each, a “Share”) of the Company and one Share purchase warrant (each, a “Warrant”). Each Warrant will entitle the holder thereof to purchase one additional Share at an exercise price of $0.45 for a period of 24 months from the closing date of the Offering.

The proceeds of the Offering will be used for general working capital and continued exploration and development of the Company’s Colombian gold projects and for general corporate purposes.

“We are delighted to announce this non-brokered private placement with strategic partners and new investors, to support the Company´s efforts towards unlocking additional value from its portfolio of mineral properties in Colombia. This capital will enable the Company to focus on the exploration and development necessary to realize the value of our projects” said Mr. Alex Lehmann, President and CEO of the Company.

The Offering and closing thereof is subject to receipt of all required regulatory approval, including approval of the TSX Venture Exchange. All securities issued in connection with the Offering will be subject to restrictions on trading for a period of four months and one day from the closing date of the Offering.

The Company also announces the resignation of Mr. Michael Tremblay from the Board of Directors of the Company, effective immediately.

About Pan Global Resources

Pan Global Resources (TSXV: PGZ) is a TSX Venture listed company focused on gold exploration in Colombia. The Company owns various exploration concessions and applications in the livelier mining districts of the country, with its main focus being testing and delineating resources. Columbia is a major gold producing region in the world and has attracted significant exploration dollars. The country presents numerous opportunities, now even more so as the geopolitical environment furthers a rising investment quintile.

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