PAN GLOBAL DRILLING EXPANDS MINERALIZATION AT LA ROMANA IN THE ESCACENA PROJECT, SPAIN

TSXV: PGZ | OTCQX: PGZFF

La Romana drilling confirms continuity of the higher-grade tin mineralization in the west and adds high grade copper in the northeast
Romana West drilling intersects additional near-surface copper mineralization with assay results pending for eight drill holes
Elevated tin results continue to contribute to the mineralization profile at increased levels as drilling progresses in the west of La Romana

Pan Global Resources Inc. ("Pan Global" or the "Company") (TSXV: PGZ) (OTCQX: PGZFF) is pleased to report assay results for 15 drill holes at the La Romana discovery at the Company`s 100% owned Escacena Project in the Iberian Pyrite Belt in southern Spain . La Romana represents a coherent zone of moderately northward-dipping copper-tin-silver mineralization, currently delineated over approximately 1.2 kilometers along strike and from surface to 400m down-dip. A planned 25-hole drill program is ongoing to expand and test the western extensions to the near-surface mineralization at the Romana West target.

Highlights

LRD158 – 5.6m at 1.2% Cu, 3.3g/t Ag from 195.4m , and

1m at 3.6% Cu and 19.4g/t Ag from 109m

LRD154 – 23m at 0.4% Cu, 0.12% Sn, 2g/t Ag from 33m , including

7m at 0.5% Cu, 0.23% Sn and 2.8g/t Ag

LRD147 – 32.25m at 0.4% Cu, 0.05% Sn and 1.3g/t Ag from 114m , including

3.25m at 1.9% Cu, 0.36% Sn and 7.6g/t Ag

LRD146 – 30m at 0.3% Cu, 0.05% Sn and 1.8g/t Ag from 151m , including

8m at 0.6% Cu, 0.11% Sn and 3.4g/t Ag

LRD150 – 10m at 0.6% Cu, 2.1g/t Ag from 83m , including

4m at 1.2% Cu, 4g/t Ag

LRD157 – 0.5m at 5.1% Cu, 24.5g/t Ag from 110m , and 3m at 1.5% Cu, 3.6g/t Ag from 195m

"We are very pleased with these results, which successfully expand the copper and copper-tin-silver mineralization at La Romana and further demonstrates the favourable continuity of the mineralization," said Tim Moody , Pan Global's President & CEO.

"The new step-out drill holes show the mineralization continues to remain open down-dip along the northern extent of the drilling. Infill drill holes in the northeast confirms continuity of high-grade mineralization intersected in previous drilling. Three infill holes, drilled for the ongoing tin metallurgy test program, confirm continuity of the tin mineralization in the west."

"At Romana West, we continue to be encouraged by the visible copper and tin mineralization observed in drill core from initial drill holes at this high-priority target that represents the potential western extension to the La Romana copper-tin-silver mineralization."

"Results are also pending from the recently completed follow-up drill program at the Cañada Honda copper-gold target less than 4km to the north of La Romana."

Drill results are summarized in Table 1 and drill hole collar details are presented in Table 2 below. Drill hole locations are shown in Figure 1.

Step-out drill holes

The step-out drill holes have expanded the northern limits of the La Romana copper and copper-tin-silver mineralization a further 50m to 70m down-dip on several sections, and shows the mineralization remains open at depth. Results include broad zones of copper mineralization and/or bands of high-grade copper mineralization with associated strong chlorite alteration, indicating potential for mineralization to continue at depth. The mineralization also remains open along-strike. Selected highlights include:

LRD146 : 30m at 0.3% Cu, 0.05% Sn and 1.8g/t Ag from 151m , including 8m at 0.6% Cu, 0.11% Sn and 3.4g/t Ag
LRD147 : 32.25m @ 0.4% Cu, 0.05% Sn and 1.3g/t Ag from 112m , including 3.25m at 1.9% Cu, 0.36% Sn and 7.6 g/t Ag
LRD149 : 0.5m at 4.6% Cu and 10.3g/t Ag from 290.8m and 0.5m at 3.1% Cu, 9.7g/t Ag from 341.9m
LRD150 : 4m at 1.2% Cu and 4.0 g/t Ag from 83m , stratigraphically above the main La Romana mineralization
LRD153 : 36.5m at 0.3% Cu and 1.7g/t Ag from 288m

Infill drill holes

The infill drilling included testing an area previously inaccessible due to farm infrastructure and confirmed additional high-grade copper mineralization within a continuous zone extending from near surface to approximately 450m down-dip (see Figure 2 below). Three additional infill drill holes ( LRD152 , LRD154 and LRD159 ) complement a tin metallurgical test program and confirmed continuity of the high-grade tin mineralization in the west. Selected highlights include:

LRD156 : 1m at 1.5% Cu and 7.5g/t Ag from 171m ; 25m at 0.3% Cu and 1.2g/t Ag from 203m , including 1.6m at 1.9% Cu and 7.4g/t Ag; and 0.5m at 2.0% Cu and 8.4g/t Ag from 262.7m
LRD157 : 0.5m at 5.1% Cu, 24.5g/t Ag and 0.12g/t Au; 3m at 1.5% Cu and 3.6g/t Ag from 195m ; and 0.65m at 1.8% Cu and 13.6g/t Ag from 228.35m
LRD158 : 0.5m at 3.0% Pb, 4.0% Zn, 0.2% Cu and 22.9g/t Ag from 62.5m ; 1m at 3.6% Cu and 19.4g/t Ag from 109m ; 5.6m at 1.2% Cu and 3.3g/t Ag from 195.4m , including 0.35m at 10.5% Cu, 26.1g/t Ag, 0.14g/t Au and 0.08% Co from 196.3m
LRD154 : 23m at 0.4% Cu, 0.12% Sn and 2.0g/t Ag from 33m , including 7m at 0.5% Cu, 0.23% Sn and 2.8g/t Ag (highest tin intersections on this section)
LRD159 : 1m at 0.5% Cu, 0.68% Sn and 2.5g/t Ag from 24m ; and 19m at 0.4% Cu, 0.05% Sn and 1.3g/t Ag from 37m

Table 1 – Escacena Project, drill results summary (all intersections are >90% to approximately 100% of true thickness)

Hole	From	To	Interval	Cu	Sn	Ag	Co	Au	Pb	Zn
	m	m	m	%	%	g/t	ppm	g/t	ppm	ppm
LRD146	151.00	181.00	30.00	0.3	0.05	1.8	59	0.00	228	581
inc.	159.00	181.00	22.00	0.3	0.07	1.9	61	0.01	205	567
inc.	173.00	181.00	8.00	0.6	0.11	3.4	72	0.01	282	687

LRD147	114.00	146.25	32.25	0.4	0.05	1.3	70	0.01	4	75
inc.	129.00	146.25	17.25	0.5	0.08	2.0	84	0.01	16	98
inc.	143.00	146.25	3.25	1.9	0.36	7.6	185	0.03	29	166

LRD148	100.00	124.00	24.00	0.24	0.01	1.0	59	0.01	14	107
inc.	116.00	124.00	8.00	0.4	0.02	1.7	80	0.01	9	89
	152.00	160.00	8.00	0.2	0.03	0.8	57	0.01	10	58

LRD149	227.45	228.00	0.55	0.4		15.2	289	0.26	3410	6010
	256.80	258.00	1.20	0.1		12.7	37	0.04	17800	4940
	290.00	291.30	1.30	1.9		4.4	359	0.10	20	242
inc.	290.80	291.30	0.50	4.6	0.01	10.3	886	0.25	37	486
	341.90	342.40	0.50	3.1	0.01	9.7	369	0.13	268	459

LRD150	22.00	22.50	0.50	1.1		1.9	7	0.01	22	90
	83.00	93.00	10.00	0.6		2.1	46	0.01	19	227
inc.	83.00	87.00	4.00	1.2		3.9	65	0.02	20	316
inc.	84.00	85.00	1.00	3.8	0.01	10.8	123	0.03	37	639

LRD151	257.00	258.00	1.00		0.01	1.4	21	0.01	1205	11950
	391.00	392.00	1.00	1.1	0.01	2.3	76	0.02	27	231

LRD152 ¹	60.00	82.00	22.00	0.3	0.06	1.6	70	0.01	45	140
	60.00	75.00	15.00	0.4	0.06	2.0	73	0.01	52	155

LRD153	251.00	254.00	3.00	0.5		2.3	108	0.01	32	96
	271.00	272.00	1.00	0.8		5.1	92	0.01	261	969
	288.00	324.50	36.50	0.3	0.01	1.7	51	0.01	177	445
inc.	300.00	324.50	24.50	0.3	0.01	2.0	55	0.01	188	503
inc.	313.00	314.00	1.00	1.2	0.02	4.5	70	0.01	89	355
inc.	317.00	317.50	0.50	3.0	0.03	14.3	140	0.07	2300	5730

LRD154 ¹	33.00	56.00	23.00	0.4	0.12	2.0	94	0.01	51	131
inc.	33.00	46.00	13.00	0.5	0.14	2.9	104	0.01	78	155
inc.	36.00	43.00	7.00	0.5	0.23	2.8	122	0.01	47	155

LRD155	36.50	39.00	2.50	0.5		3.8	27	0.01	842	309
	41.00	42.00	1.00	0.5		3.2	15	0.01	544	387

LRD156	171.00	172.00	1.00	1.5	0.01	7.5	94	0.03	144	151
	203.00	228.00	25.00	0.3		1.2	74	0.02	54	160
Inc.	203.00	204.60	1.60	1.9	0.01	7.4	449	0.08	306	218
	262.70	263.20	0.50	2.0	0.01	8.4	315	0.16	100	390

LRD157	110.00	110.50	0.50	5.1	0.01	24.5	409	0.12	140	481
	161.00	162.00	1.00	0.9		5.9	86	0.03	142	407
	195.00	198.00	3.00	1.5		3.6	201	0.03	15	104
inc.	196.00	197.00	1.00	3.6	0.01	8.8	422	0.08	27	137
	228.35	229.00	0.65	1.8	0.01	13.6	248	0.10	3360	7150
	255.00	256.00	1.00	0.7	0.02	7.3	158	0.06	2570	2180

LRD158	62.50	63.00	0.50	0.2		22.9	21	0.09	30400	39500
	109.00	110.00	1.00	3.6	0.01	19.4	279	0.04	96	405
	185.00	186.00	1.00	1.0		6.6	130	0.02	12	149
	195.40	201.00	5.60	1.2		3.3	152	0.02	42	120
inc.	195.40	197.50	2.10	2.7	0.01	7.3	290	0.05	61	146
inc.	196.30	196.65	0.35	10.5	0.01	26.1	811	0.14	138	298

LRD159 ¹	24.00	25.00	1.00	0.5	0.68	2.5	70	0.04	75	95
	37.00	56.00	19.00	0.4	0.05	1.3	73	0.01	32	107
inc.	48.00	56.00	8.00	0.4	0.08	1.3	80	0.01	30	141
inc.	50.00	51.00	1.00	1.3	0.02	1.2	74	0.01	8	255
inc.	52.00	55.00	3.00	0.3	0.13	1.5	87	0.02	20	108

LRD160	236.00	273.00	37.00	0.25		1.0	64	0.01	123	27
inc.	239.00	242.00	3.00	1.1		2.6	180	0.02	95	40
inc.	239.90	240.40	0.50	5.3	0.01	12.3	635	0.08	215	216
inc.	300.20	300.70	0.50	1.0	0.01	4.0	416	0.16	123	131

¹ Tin metallurgy drill hole

Table 2 – Escacena Project, drill hole collar information (Total 3745.5m )

Hole ID	Easting ²	Northing ²	Azimuth ( ^o )	Dip( ^o )	Depth (m)
LRD146	736281	4152845	180	-60	248.10
LRD147	736136	4152802	180	-60	209.30
LRD148	736085	4152796	180	-55	220.50
LRD149	736956	4152942	180	-60	424.35
LRD150	736539	4152884	180	-62	398.40
LRD151	737003	4152998	180	-60	442.85
LRD152 ¹	736187	4152712	180	-55	86.20
LRD153	736734	4152936	180	-65	367.70
LRD154 ¹	736233	4152669	180	-55	73.30
LRD155	736980	4152570	180	-55	89.40
LRD156	736905	4152811	180	-65	272.35
LRD157	736905	4152811	180	-55	272.50
LRD158	736903	4152812	192	-55	257.50
LRD159 ¹	736138	4152687	180	-55	65.55
LRD160	736898	4152874	180	-60	317.50

¹ Tin metallurgy drill hole
² Coordinates are in ERTS89 datum UTM29N

About the Escacena Project

The Escacena Project comprises a large, contiguous, 5,760-hectare land package controlled 100% by Pan Global in the east of the Iberian Pyrite Belt. Escacena is located near operating mines at Las Cruces and Riotinto and is immediately adjacent to the former Aznalcóllar and Los Frailes mines where Minera Los Frailes/Grupo Mexico is in the final permitting stage with construction anticipated to start in 2023. The Escacena Project hosts the La Romana copper-tin-silver discovery and a number of other prospective targets, including Romana West, Cañada Honda, Zarcita, Hornitos, La Jarosa, Romana Deep , Romana North , Bravo, Barbacena, El Pozo, and San Pablo.

About Pan Global Resources

Pan Global Resources Inc. is actively targeting copper-rich mineral deposits, given copper's compelling supply-demand fundamentals and outlook for strong long-term prices as a critical metal for global electrification and energy transition. The Company's flagship Escacena Project is located in the prolific Iberian Pyrite Belt in southern Spain , where infrastructure, mining and professional expertise, and support for copper as a Strategic Raw Material by the European Commission collectively define a tier-one jurisdiction for mining investment. The Pan Global team comprises proven talent in exploration, development, and mine operations - all of which are committed to operating safely and with utmost respect for the environment and our partnered communities.

QA/QC Procedures

Core size was HQ (63mm) and all samples were ½ core. Nominal sample size was 1m core length and ranged from 0.5 to 2m . Sample intervals were defined using geological contacts with the start and end of each sample physically marked on the core. Diamond blade core cutting and sampling was supervised at all times by Company staff. Duplicate samples of ¼ core were taken approximately every 30 samples and Certified Reference materials inserted every 25 samples in each batch.

Samples were delivered to ALS laboratory in Seville, Spain and assayed at the ALS laboratory in Ireland . All samples were crushed and split (method CRU-31, SPL22Y), and pulverized using (method PUL-31). Gold analysis was by 50gm Fire assay with ICP finish (method Au-ICP22) and multi element analysis was undertaken using a 4-acid digest with ICP AES finish (method ME-ICP61). Over grade base metal results were assayed using a 4-acid digest ICP AES (method OG-62). Over grade tin was determined using peroxide fusion with ICP finish (method Sn-ICP81x).

Qualified Persons

James Royall , Vice President Exploration for Pan Global Resources and a qualified person as defined by National Instrument 43-101, has reviewed the scientific and technical information for this news release. Mr. Royall is not independent of the Company.

On behalf of the Board of Directors

Forward-looking statements

Statements which are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that actual outcomes and the Company's actual results could differ materially from those in such forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this news release are reasonable but no assurance can be given that these expectations will prove to be correct and such forward-looking information should not be unduly relied upon. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company's operations, markets, products and prices. Readers should refer to the risk disclosures outlined in the Company's Management Discussion and Analysis of its audited financial statements filed with the British Columbia Securities Commission.

The forward-looking information contained in this news release is based on information available to the Company as of the date of this news release. Except as required under applicable securities legislation, the Company does not intend, and does not assume any obligation, to update this forward-looking information.

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.

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SOURCE Pan Global Resources Inc.

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Group Eleven Intersects 7.5m of 20.1% Zn+Pb and 51 g/t Ag, incl. 2.2m of 37.5% Zn+Pb and 72 g/t Ag at Ballywire in Step-Out Drilling; Upcoming Drilling at Cu-Ag Target and 'D' Gravity Anomaly

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) (FSE: 3GE) ("Group Eleven" or the "Company") is pleased to announce assay results from four new holes (and additional assays from a previously announced hole) from the ongoing drill program at the Company's 100%-owned Ballywire zinc-lead-silver discovery ("Ballywire"), PG West Project ("PG West"), Republic of Ireland.

Highlights:

G11-3552-29 intersected (from 189.3m):
- 130.7m of 2.3% Zn+Pb (2.0% Zn and 0.3% Pb) and 13 g/t Ag, including
- 7.5m of 20.1% Zn+Pb (19.1% Zn and 1.0% Pb) and 51 g/t Ag, including
- 5.7m of 24.1% Zn+Pb (23.2% Zn and 1.0% Pb) and 60 g/t Ag, including
- 2.2m of 37.5% Zn+Pb (36.9% Zn and 0.7% Pb) and 72 g/t Ag
- Represents a 55m step-out down-dip from G11-3552-27
G11-3552-27¹ intersected (from 201.5m):
- 70.5m of 3.4% Zn+Pb (2.2% Zn and 1.2% Pb) and 41 g/t Ag, including
- 25.7m of 7.9% Zn+Pb (5.7% Zn and 2.2% Pb), 78 g/t Ag and 0.12% Cu and
- 4.2m of 2.0% Zn+Pb (0.4% Zn and 1.6% Pb), 172 g/t Ag and 0.66% Cu, including
- 0.9m of 3.6% Zn+Pb (0.9% Zn and 2.6% Pb), 511 g/t Ag and 2.01% Cu
- Located 50m down-dip from G11-3552-25 (announced 06-Feb-2025)
G11-3552-29 expands the footprint of the recently announced 360m long, flat-lying zone of zinc-rich massive sulphide lenses by at least 50m down-dip, to a total of at least 125m down-dip
Drilling continues at Ballywire with two rigs testing further down-dip of the two holes released today, plus the NE extension; assay results are expected in due course
In several weeks, drilling will also begin testing (a) a Cu-Ag target below the Zn-Pb-Ag discovery horizon; and (b) a step-out target 1.3km to the ENE of the Ballywire discovery testing in the vicinity of the prospective 'D' gravity-high anomaly, at a locality with abundant calcite similar to the calcite typically observed immediately above high-grade mineralization along the discovery trend

"We are very pleased to see the NE massive sulphide zone expanded by a ninth consecutive high-grade hole," stated Bart Jaworski, CEO. "Additional excellent Ag and Cu values also continue to point to a stratigraphically deeper Cu-Ag horizon, which we are aiming to start drill testing for the very first time over the next few weeks. We also look forward to stepping out 1.3km ENE towards a very prospective area near the 'D' gravity high anomaly. This locality hosts abundant calcite bodies, commonly seen above high-grade mineralization at Ballywire. A nearby historic hole is also mineralized. With the Cu-Ag target, continued drilling to the NE and larger step outs along our prospective 6km trend, 2025 promises to be an exciting year of exploration for Group Eleven."

Exhibit 1. Cross-Section Showing New Drilling (G11-3552-27, -29 and -31) at Ballywire Discovery

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_002full.jpg

Note: Partial assays from G11-3552-27 previously announced on 06-Feb-25, consisting of 24.8m of 8.1% Zn+Pb, 80 g/t Ag;

Exhibit 2. Plan Map Showing New Drilling and Interpreted Cu-Ag 'Feeder' Structure

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_003full.jpg

Note: Partial assays from G11-3552-27 previously announced on 06-Feb-25, consisting of 24.8m of 8.1% Zn+Pb, 80 g/t Ag;

New Step-Out Holes at Ballywire Discovery

The Ballywire prospect at the Company's 100%-owned PG West Project in Republic of Ireland, is a relatively new zinc-lead-silver discovery (first announced Sept-2022). In addition to 44 holes drilled and reported by Group Eleven to date, the most recent four holes (G11-3552-24, -26, -28, and -29) and additional assays for previously announced hole, G11-3552-27, are reported today (see Exhibits 1 to 7).

High-grade mineralization from G11-3552-27 and -29 (see Page 1 and Exhibits 1 to 4) consists predominantly of massive and semi-massive sulphide (sphalerite, galena, pyrite, chalcopyrite and suspected tennantite-tetrahedrite), as well as, disseminated and vein hosted sulphide mineralization. Mineralization occurs along and/or close to the base of the Waulsortian Limestone (see Exhibit 1).

Exhibit 3. Summary of Assays from G11-3552-24, -26, -27, -28 and -29 at Ballywire

Item	From (m)	To (m)	Int (m)	Zn (%)	Pb (%)	Zn+Pb (%)	Ag (g/t)	Cu (%)
G11-3552-27	201.45	271.94	70.49	2.22	1.20	3.41	40.8	0.09
Incl.	212.07	237.81	25.74	5.69	2.21	7.90	77.8	0.12
Incl.	219.42	235.06	15.64	8.30	3.28	11.59	122.1	0.19
Incl.	218.47	222.21	3.74	12.18	3.05	15.23	75.3	-
And	228.51	235.06	6.55	11.06	5.65	16.71	240.0	0.42
Incl.	230.36	233.90	3.54	13.26	8.01	21.27	395.1	0.73
And	267.72	271.94	4.22	0.40	1.58	1.97	171.6	0.66
Incl.	268.64	269.49	0.85	0.93	2.62	3.55	511.0	2.01
G11-3552-29	189.33	320.05	130.72	1.99	0.26	2.25	13.0	-
Incl.	224.27	229.61	5.34	4.10	0.79	4.88	12.5	-
And	259.03	266.56	7.53	19.08	1.01	20.09	51.3	-
Incl.	259.03	264.74	5.71	23.16	0.95	24.11	60.0	-
Incl.	259.03	261.25	2.22	36.86	0.68	37.54	71.7	-
And	307.91	320.05	12.14	0.23	0.04	0.27	66.2	0.12
Incl.	315.26	320.05	4.79	0.38	0.05	0.42	149.4	0.27
Incl.	318.00	320.05	2.05	0.09	0.04	0.12	301.0	0.52
G11-3552-24	186.26	199.20	12.94	0.15	0.04	0.19	2.1	-
Incl.	193.76	197.31	3.55	0.30	0.10	0.40	4.8	-
And	235.85	236.76	0.91	0.01	0.01	0.01	36.1	0.35
G11-3552-26	215.80	216.36	0.56	0.83	0.79	1.62	71.5	-
Incl.	215.80	215.97	0.17	2.52	2.25	4.77	190.0	-
G11-3552-28	157.95	174.81	16.86	0.02	0.58	0.59	3.1	-
Incl.	166.42	169.28	2.86	0.05	1.26	1.31	9.0	-
And	172.99	174.81	1.82	0.07	2.12	2.19	6.8	-
And	179.67	181.49	1.82	0.03	0.17	0.20	64.1	0.16
And	218.66	220.50	1.84	0.00	0.00	0.01	2.7	0.26

Note: True width of the intervals above as a percentage of the intersected interval is 90% (G11-3552-27), 80-90% (G11-3552-29), 90-100% (G11-3552-24), 80-90% (G11-3552-26) and 90-100% (G11-3552-28)

Holes drilled as 300m step-outs to the NE (G11-3552-24, -26 and -28; see Exhibit 2) returned zones of mineralization narrower and weaker than those at the main discovery trend (see Exhibit 3). Disseminated copper mineralization, as well as, mineralized veins and fractures, however, are strengthening towards the north, suggesting massive sulphide mineralization may be present further north (see northern-most projected mineralized trend in Exhibit 4). A second mineralized trend is also emerging to the south where the interpreted Cu-Ag rich 'feeder' fault pierced by drilled along the main discovery trend (see solid purple line in Exhibits 2 and 4) appears to correlate with mineralization intersected in G11-3552-08 (see Exhibit 2). More drilling is ongoing in the NE area to test the above targets.

Key 2025 Exploration Targets at Ballywire Discovery

Copper-Silver Target

As drilling progresses at Ballywire, it is increasingly evident that there exists an interpreted Cu-Ag 'feeder' fault parallel to and spatially associated with the main Zn-Pb-Ag discovery at Ballywire (see Exhibit 2). This 'feeder' fault hosts mineralization with up to 5.90% Cu and 1,440 g/t Ag, interpreted to have been transported by mineralizing fluids from below by vertical to steeply-dipping structures (see Exhibit 5). Today's results provide further evidence, with grades up to 2.01% Cu and 511 g/t Ag (see Exhibit 3). Meanwhile, the stratigraphy of the region suggests that approximately 100-200m below the discovery horizon (base of the Waulsortian Limestone), is the Lower Limestone Shale horizon, which hosts four well known Cu-Ag historic occurrences in the surrounding area (see Denison, Oola, Gortdrum and Tullacondra in Exhibit 8, located approx. 5km, 9km, 10km and 45km away from Ballywire, respectively).

These historic Cu-Ag occurrences can be interpreted as the eroded remnants of originally more vertically extensive mineralizing systems, likely representing the roots of stratigraphically higher Zn-Pb-Ag mineralization. At Ballywire, there is a chance the mineralizing system is much larger than at the neighbouring deposits (based on relatively large footprint to date), and if it is there, any Cu-Ag mineralization would notionally be intact below the existing Zn-Pb-Ag mineralization.

Given the compelling nature of the above exploration model, Group Eleven aims to begin drilling this deeper Cu-Ag target over the coming several weeks.

Exhibit 4. Plan Map Showing Interpreted Cu-Ag 'Feeder' and Calcite Body Targets at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_004full.jpg

Note: Calcite bodies occurring at the discovery trend are not shown here (shown in Exhibit 6 instead)

Exhibit 5. Cross-Section Showing Hypothesized Location of Cu-Ag Mineralization

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_005full.jpg

Calcite Body Vectors

As drilling progresses at Ballywire, it is increasingly evident that high-grade Zn-Pb-Ag mineralization at Ballywire is spatially associated with steeply dipping bodies of calcite (see Exhibit 6), interpreted to represent the 'exhaust' from the mineralization process below (i.e. dissolved limestone at the mineralized horizon is re-precipitated as calcite bodies immediately above). These calcite bodies may prove to be a strong exploration vector along the undrilled remainder of Ballywire's prospective 6km trend.

Two shallow historic holes, located 1.3km ENE from the current boundary of the Ballywire discovery, intercepted such calcite bodies (see Exhibits 4 and 7), yet were never followed up. This locality is also near the prospective 'D' gravity high anomaly and historic hole, 99-3352-05 (see Exhibit 7), which intersected mineralization of a tenor typically seen peripheral to massive sulphide zones at the discovery trend. Group Eleven aim to test this locality in the coming weeks.

Separately, two historic holes approx. 300m and 600m to the WSW, respectively, from the current boundary of the Ballywire discovery, also intercepted abundant calcite zones (see Exhibits 4 and 7) and were never followed up. Group Eleven aims to test these locations in due course.

Looking forward, six (6) drill holes (G11-3552-30 to -35; see Exhibit 2) are in progress with results expected in due course. Exhibit 2 shows drilling to date across 1.25km of the overall 2.6km long trend (see Exhibit 4) of significantly mineralized drill intercepts. This in turn is hosted within a 6km long prospective trend defined by four gravity high anomalies, only one of which (anomaly 'C') is systematically drilled to date (see Exhibit 7).

Exhibit 6. Oblique 3D View of Calcite Bodies Spatially Associated with Mineralization at Ballywire

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_1b4f826a447618ea_006full.jpg

Note: Bodies shown (calcite, Zn-Pb-Ag and Cu-Ag) are not constrained by any grade cut-off and are only meant for illustrative purposes

Exhibit 7. Regional Gravity at Ballywire Showing 6km Long Prospective Trend and Calcite Bodies

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_exhibit7.jpg

Notes to Exhibit 8: (a) Pallas Green MRE is owned by Glencore (see Glencore's Resources and Reserves Report dated December 31, 2023); (b) Stonepark MRE: see the 'NI 43-101 Independent Report on the Zinc-Lead Exploration Project at Stonepark, County Limerick, Ireland', by Gordon, Kelly and van Lente, with an effective date of April 26, 2018, as found on SEDAR; and (c) the historic estimate at Denison was reported by Westland Exploration Limited in 'Report on Prospecting Licence 464' by Dermot Hughes dated May, 1988; the historic estimate at Gortdrum was reported in 'The Geology and Genesis of the Gortdrum Cu-Ag-Hg Orebody' by G.M. Steed dated 1986; and the historic estimate at Tullacondra was first reported by Munster Base Metals Ltd in 'Report on Mallow Property' by David Wilbur, dated December 1973; and later summarized in 'Cu-Ag Mineralization at Tullacondra, Mallow, Co. Cork' by Wilbur and Carter in 1986; the above three historic estimates have not been verified as current mineral resources; none of the key assumptions, parameters and methods used to prepare the historic estimates were reported and no resource categories were used; significant data compilation, re-drilling and data verification may be required by a Qualified Person before the historic estimates can be verified and upgraded to be compliant with current NI 43-101 standards; a Qualified Person has not done sufficient work to classify them as a current mineral resource and the Company is not treating the historic estimates as current mineral resources. 'Rathdowney Trend' is the south-westerly projection of the Rathdowney Trend, hosting the historic Lisheen and Galmoy mines.

Exhibit 8. Regional Map of Ballywire Discovery and Surrounding Cu-Ag Historic Occurrences

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/5685/245941_figure8.jpg

Qualified Person

Technical information in this news release has been approved by Professor Garth Earls, Eur Geol, P.Geo, FSEG, geological consultant at IGS (International Geoscience Services) Limited, and independent 'Qualified Person' as defined under Canadian National Instrument 43-101.

Sampling and Analytical Procedures

All core drilled at Ballywire is NQ (47.6mm) and is cut using a rock saw. Sample intervals vary between 0.42m to 1.3m with the majority of samples in the 0.79m to 0.99m range. The half-core samples are bagged, labelled and sealed at Group Elevens core store facility in Limerick, Ireland. Selected sample bags are examined by the Qualified Person. Transport is via an accredited courier service and/or by Group Eleven staff to ALS Laboratories in Loughrea Co. Galway, Ireland. Sample preparation at the ALS facility comprises fine crushing 70%

Quality Assurance/Quality Control (QA/QC) Information

Group Eleven inserts certified reference materials ("CRMs" or "Standards") as well as blank material, to its sample stream as part of its industry-standard QA/QC programme. The QC results have been reviewed by the Qualified Person, who is satisfied that all the results are within acceptable parameters. The Qualified Person has validated the sampling and chain of custody protocols used by Group Eleven.

About Group Eleven Resources

Group Eleven Resources Corp. (TSXV: ZNG) (OTC Pink: GRLVF) and (FSE: 3GE) is a mineral exploration company focused on advanced stage zinc exploration in the Republic of Ireland. Group Eleven announced the Ballywire discovery in September 2022. Key intercepts to date include:

10.8m of 10.0% Zn+Pb and 109 g/t Ag (G11-468-03)
10.1m of 8.6% Zn+Pb and 46 g/t Ag (G11-468-06)
10.5m of 14.7% Zn+Pb, 399 g/t Ag and 0.31% Cu (G11-468-12)
11.2m of 8.9% Zn+Pb and 83 g/t Ag (G11-3552-03)
29.6m of 10.6% Zn+Pb, 78 g/t Ag and 0.15% Cu (G11-3552-12) and
11.8m of 11.6% Zn+Pb, 48 g/t Ag (G11-3552-18)
15.6m of 11.6% Zn+Pb, 122 g/t Ag and 0.19% Cu (G11-3552-27)

Ballywire is located 20km from Company's 77.64%-owned Stonepark zinc-lead deposit², which itself is located adjacent to Glencore's Pallas Green zinc-lead deposit³. The Company's two largest shareholders are Glencore Canada Corp. (16.1% interest) and Michael Gentile (16.0%). Additional information about the Company is available at www.groupelevenresources.com.

ON BEHALF OF THE BOARD OF DIRECTORS

Bart Jaworski, P.Geo.
Chief Executive Officer

E: b.jaworski@groupelevenresources.com | T: +353-85-833-2463
E: j.webb@groupelevenresources.com | T: 604-644-9514

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.

Cautionary Note Regarding Forward-Looking Information

This press release contains forward-looking statements within the meaning of applicable securities legislation. Such statements include, without limitation, statements regarding the future results of operations, performance and achievements of the Company, including the timing, content, cost and results of proposed work programs, the discovery and delineation of mineral deposits/resources/ reserves and geological interpretations. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: believe, expect, anticipate, intend, estimate, postulate and similar expressions, or are those, which, by their nature, refer to future events. The Company cautions investors that any forward-looking statements by the Company are not guarantees of future results or performance, and that actual results may differ materially from those in forward looking statements as a result of various factors, including, but not limited to, variations in the nature, quality and quantity of any mineral deposits that may be located. All of the Company's public disclosure filings may be accessed via www.sedarplus.com and readers are urged to review these materials, including the technical reports filed with respect to the Company's mineral properties.

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The White House introduces Immediate and Vigorous Measures to fast track the Domestic Mining Industry and Production

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