July 8, 2010
Shares Issued and Outstanding: 9,514,000
Vancouver, British Columbia: July 8, 2010- Pan Global Resources Inc. (the "Company") (TSXV : PGZ) is pleased to announce the appointment of Mr. Julian R.F. Savin to the Company's Board of Directors.
Mr. Savin has 30 years of technical, operational and commercial experience in mineral exploration gained from work in a wide range of commodities, jurisdictions and cultures most of which was spent with the Rio Tinto Group in South America, Australia, Indonesia and Europe. From 2000 to 2001 he was the Business
Development Executive for the Industrial Minerals Group in Rio Tinto progressing opportunities in Europe and South America. From 2001 to 2009 Mr. Savin was the Exploration Director for the Rio Tinto Group in South America and responsible for the teams which identified the potential in a range of projects now in various stages of feasibility, including the Rio Colorado potash and Altar copper/gold projects in Argentina, the Mina Justa, Constancia and La Granja copper projects in Peru, and the Amargosa bauxite project in Brazil. After South America he moved to London as Rio Tinto's Exploration Director responsible for Africa, Europe, the Middle East and the FSU with a brief that included the Jadar lithium -borates discovery in Serbia (now in feasibility or FS). In 2009 he left Rio Tinto and returned to South America for personal reasons.
Mr Savin has a Bachelor of Science from the University of Leicester, a Master of Science from Imperial College in London, and is a graduate of the Senior Executive Programme at the London Business School.
The Company further announces the grant, subject to TSX Venture Exchange and shareholder approval, as applicable, of 250,000 stock options to Mr. Savin, exercisable at a price of $0.25 per share, for a period of 5 years expiring on July 8th, 2015. Any shares issued under the option grant will be subject to a four-month hold period from the date of granting, pursuant to the policies of the TSX Venture Exchange.
FOR FURTHER INFORMATION PLEASE CONTACT:
Mr. Brian Kerzner, President and Director
Telephone: (604) 506-5000
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