PGZ Pan Global Resources Inc

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSX VENTURE: PGZ) today announced that it has elected to accelerate the expiry date of the warrants (the "Warrants") issued on December 10, 2010 and January 25, 2011 as part of its private placement unit offering (the "Private Placement").

Pursuant to the terms of the Private Placement, if the volume weighted average trading price of the Company's shares on the TSXV is above $0.50 per share for seven (7) consecutive trading days, the Company is entitled to accelerate the expiry date of the Warrants to a date twenty (20) business days from the date notice of such acceleration is provided to holders of Warrants. The Company has elected to provide notice of such acceleration to the holders of Warrants.

This press release constitutes notice to Warrant holders of the new expiry time. Any Warrants remaining unexercised after the new expiry time will be cancelled.

Effective today, the Warrants issued to the purchasers pursuant to the Private Placement are set to expire at 4:30 p.m. (Vancouver time) on July 8, 2011.

Although it is unknown how many Warrants will be exercised, if all of the Warrants are exercised, the Company will receive additional proceeds of $1,771,870.90 and a total of 3,937,491 additional common shares of the Company will be issued. If all agents' warrants and finders' options issued in connection with the private placement are exercised, the Company will receive additional proceeds of $183,750 and a total of 590,624 additional common shares of the Company will be issued.

How to Exercise Warrants

Warrant holders who wish to exercise their Warrants should instruct their investment advisor and be prepared to provide payment to their advisor firm equal to the exercise price for each warrant exercised. Investors should consult with their investment advisor to confirm the time required to complete this process and other costs associated with the exercise, if any.

Warrant holders who hold a physical certificate wishing to exercise Warrants need to provide the Company with a certified cheque, bank draft or money order payable to Pan Global Resources Inc., together with the Warrant certificate with the exercise appended to the certificate duly completed.

Shareholders are encouraged to view the Company's website at www.panglobalresources.com for further information and a letter from management.

About Pan Global

Pan Global Resources Inc. is an emerging Lithium, Potash and Borate developer. Through early stage exploration of high quality targets in the Miocene sedimentary basins of the Balkans region, the company expects to become a producer of Lithium and/or Borates. Global demand for lithium is expected to increase rapidly as lithium-based automobile batteries become an important alternative source of energy.

Shares Issued and Outstanding: 17,763,991

The TSX Venture Exchange has not reviewed nor accepted responsibility for the adequacy or accuracy of the contents of this news release which has been prepared by management.

Contacts: Pan Global Resources Inc. Mr. Julian Bavin CEO and Director 011 56 978095217 julianbavin66@gmail.com www.panglobalresources.com