Pan Global Resources Inc. announced the next stage (Phase 4) expanded drill program has commenced in the Escacena Project, Iberian Pyrite Belt, southern Spain. The new drill program includes an initial 20 drill holes for approximately 4,500 meters. Results are pending for seven drill holes from the 2020 drill program. The company has completed 28 drill holes at the La Romana target since drilling commenced in 2019. The recent drilling has been focused in an area 800m east-west and 400m north-south. Significant strata-bound volcanic-associated copper mineralization has been intersected from near surface in the west and dipping moderately to the north to approx. 220m vertical depth in the northeast. The copper mineralization remains open in most directions. The Phase 4 drill program includes twenty core holes for a total of approximately 4,500m. This includes step-out holes testing strike and dip extensions of the copper mineralization intersected in the previous drill holes. The plan includes expanding the drill area east and west to more than 1000m of strike and 400m dip extent. The drilling will mostly progress on 50-meter centers and also include several larger step-out holes based on geophysics targets. The copper mineralization occurs as north dipping copper layers extending from near surface to approx. 220m vertical depth and remains open. Geophysics surveys have highlighted a strong coincidence of the high-grade copper mineralization with IP, down-hole EM and Mise-a-la-Masse (MALM) geophysics with potential highlighted over approximately 2.5km of strike, most of which is untested. One drill rig is currently operating with a second rig due to commence in early February. The company remains in a strong financial position with approx. $4 million of working capital at the end of December, 2020. This ensures the company has funds available to significantly expand the drill program according to results and also expand the geophysics surveys. Permitting is continuing to advance on the adjoining "Al Andalus" area, where the company plans to begin exploration on other high priority targets as soon as possible in 2021.