PGZ Pan Global Resources Inc

Pan Global Resources Inc. (the "Company") (TSX VENTURE:PGZ) is pleased to
provide an update on exploration activities in the Republic of Serbia undertaken
by our exploration partner, Lithium Li Holdings Inc.


Four holes of an initial diamond drilling program have now been completed in the
Badanja and adjoining Jadar West exploration license. These titles are
immediately adjacent to Rio Tinto's Jadar deposit where production is planned to
commence in 2016 (Figure 1). 


Hole RAR-2 (eoh 811m) drilled in Jadar West has provided compelling evidence of
mineralization in the vicinity. The hole intersected post mineral marine
sediments underlain by host lacustrine sediments with stratigraphic marker
horizons and zones of potential mineralization which are interpreted to be
directly correlated with the stratigraphy at the Jadar deposit. These include a
zone of calcite pseudomporphs probably after borates (393-398m), a tuffaceous
sandstone marker horizon (481-487m), and a zone of calcite pseudomporphs and
vugs after jadarite (511-514m). This interpretation of pseudomorphs after
borates and jadarite will be greatly enhanced if the intervals return elevated B
and/or Li geochemistry from pending assays and suggests that the mineralizing
system at Rio Tinto's Jadar deposit is repeated in, or continues into, the Jadar
West licence. However in Hole RAR-2, the stratigraphy correlative to the
mineralized zones has been disrupted by influx of coarse grained debris flows
and local groundwater and/or spring activity has leached out the jadarite and
borate mineralization. Hole RAR-4 (eoh 576m) was drilled 600m to the NE in an
attempt to intersect mineralization outside the dissolution zone, but it
intersected similar zones including the important tuffaceous sandstone marker
horizon (524-526m), and a zone of calcite pseudomporphs and vugs after jadarite
(558-559m).


As previously reported, hole RAR-1 (eoh 601m) drilled in the Badanja licence
intersected a sequence of marine sediments underlain by a potential host package
of lacustrine sediments, disrupted by sedimentary flows of diamictite which are
likely to have displaced or removed potential ore horizons. Hole RAR-3 (eoh
419m) drilled 3km to the south east in the same licence targeted a conductive MT
response on the edge of the basin and intersected lacustrine clays and tuff but
no prospective host units or horizons that can be correlated with known
mineralization.


Available data from both the Jadar West and Badanja targets including
magneto-tellurics, gravity, drilling, lithological and pending geochemical core
assay data will be fully reviewed to provide additional targets at a later date.
Due to these initial 4 holes being completed under budget, and continued good
weather in Serbia, the company has extended this reconnaissance drilling for
another 2 to 3 holes. The next hole will be drilled 50km to the SE in the
Valjevo exploration licence where previous competitor drillholes were abandoned
in highly geochemically anomalous lacustrine sediments. (Figure 2).


Zones of interest have been sampled in RAR-001 (69 samples), RAR-002 (82
samples), RAR-003 (17 samples) and RAR-004 (89 samples) and dispatched for
analysis at SGS labs and geochemical assays are awaited. 


Apart from the drilling, other work consisting of geological, geochemical and
geophysical exploration to define drill targets is continuing to progress. A
gravity survey of the Kosjeric license was completed and will be followed by a
survey of the Gorobilje license that is expected to be finalized in late
October. Processing of gravity over the Bela Crkva licence was completed which
indicates a lack of basin development in the part of the original application
that was approved (the other half being in a third party claim for different
minerals). As a result this license is slated for termination at the next
quarterly reporting period.


To view Figures 1 and 2, please click on the following link:
http://media3.marketwire.com/docs/p1024m.pdf 


The technical information provided in this news release was reviewed and
approved by Robert. W. Baxter (FAusIMM), a director of the Company and a
qualified person for the purposes of National Instrument 43-101. 


Disclaimer. Certain of the statements made and information contained herein may
contain forward-looking information within the meaning of applicable Canadian
securities laws. Forward-looking information includes, but is not limited to,
information concerning the Company's intentions with respect to the development
of its mineral properties. Forward-looking information is based on the views,
opinions, intentions and estimates of management at the date the information is
made, and is based on a number of assumptions and subject to a variety of risks
and uncertainties and other factors that could cause actual events or results to
differ materially from those anticipated or projected in the forward-looking
information (including the actions of other parties who have agreed to do
certain things and the approval of certain regulatory bodies). Many of these
assumptions are based on factors and events that are not within the control of
the Company and there is no assurance they will prove to be correct. There can
be no assurance that forward-looking information will prove to be accurate, as
actual results and future events could differ materially from those anticipated
in such information. The Company undertakes no obligation to update
forward-looking information if circumstances or management's estimates or
opinions should change except as required by applicable securities laws, or to
comment on analyses, expectations or statements made by third parties in respect
of the Company, its financial or operating results or its securities. The reader
is cautioned not to place undue reliance on forward-looking information. 


Shares Issued and Outstanding: 21,701,482

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