Pan Global Resources Inc. Announces Increased Financing

December 15, 2016 Shares Issued and Outstanding: 37,855,187 TSXV: PGZ

PAN GLOBAL RESOURCES INC. ANNOUNCES INCREASED FINANCING

VANCOUVER, BRITISH COLUMBIA – (December 15, 2016) – Pan Global Resources Inc. (the "Company") (TSX Venture: PGZ) today announced an increase to its previously announced non-brokered private placement. Due to heavy demand, the maximum offering has been increased from 10,000,000 units to 20,000,000 units at a price of $0.05 per unit. If fully subscribed, aggregate gross proceeds of the offering will be $1,000,000.

In all other respects, the terms of the private placement will be as previously announced.

Completion of the private placement is subject to the approval of the TSX Venture Exchange.

FOR FURTHER INFORMATION PLEASE CONTACT:

Mr. Brian Kerzner, President and CEO E-mail: [email protected]

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)

ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

1199 West Hastings Street, Suite 700, Vancouver, BC V6E 3T5 Tel: 604-689-9930 Fax: 604-689-9940