Pan Global Resources Inc. (the "Company") (TSX VENTURE:PGZ) today announced that
it has completed its previously announced non-brokered private placement (the
"Offering") and issued an aggregate of 5,877,499 units (the "Units") at a price
of $0.60 per Unit for gross proceeds of $3,526,500.00. The offering was
oversubscribed by more than $500,000.00.


Each Unit consists of one common share and one-half (1/2) of one share purchase
warrant, with each whole warrant entitling the holder to purchase one additional
common share at a price of $0.80 for two years from closing of the Offering.


All securities issued with respect to the Offering are subject to a hold period
expiring June 23, 2012. The Offering is subject to the final approval of the TSX
Venture Exchange.


Finder's fees of cash in an amount equal to 6.0% of proceeds and finder's
warrants ("Finder's Warrants") equal to 6.0% of the number of Units issued were
paid to three finders on a portion of the offering. Each Finder's Warrant will
be exercisable to acquire one common share for a period of two years from
closing of the Offering at $0.80 per share. A cash-only finder's fee of 6.0% was
also paid to one finder.


The proceeds of the private placement will be used primarily to further the
Company's exploration program in the Republic of Serbia undertaken by our
exploration partner, Lithium Li Holdings Inc.


Shares Issued and Outstanding: 22,501,482
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