

IWA NOTE: IWA simply would like to bring investors' attention, yet again, to the remarkable results just put out by Pan Global Resources. It reminds us of the wise and funny words of Charlie Munger. When his partner Warren Buffett has said all there is to say on a question at the Berkshire AGM, Charlie often says, "Nothing to add". Charlie Munger can be extremely loquacious as he is one who loves to pontificate and definitely has something to say. He also knows when to stay quiet. When he and Warren Buffett hold court at Berkshire Hathaway’s annual meeting and a question is asked of Buffett and after answering it, he turns to Charlie and asks him if he has anything to add. Munger often responds by saying “I have nothing to add.” It always gets a chuckle. It’s good to know when you think you can add value and when you can’t. When it’s the former, say something, and when it’s the latter, remain quiet. Well, we went over the headline and results put out by Tim Moody at Pan Global, and we say this: "Nothing to add." But before the ink dries on this note - we are rushing out the door to buy more. "PAN GLOBAL INTERSECTS UP TO 16.8% COPPER AT ESCACENA PROJECT, SOUTHERN SPAIN AND EXTENDS MINERALIZATION" IWA is a shareholder of Pan Global Resources 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. 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. 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.