Mr. J.P. Dau reports

NEW GOLD ANOMALY DISCOVERED AT ANGKOR'S KOAN NHEAK PROPERTY

Angkor Gold Corp. has discovered a new gold-in-soil anomaly at Angkor's Koan Nheak licence in Cambodia.

The new Peacock North discovery is a gold-in-soil anomaly which extends over 700 metres from north to south and up to 300 metres east to west at more than 10 parts per billion (ppb) gold (Au). It is located less than a kilometre north of the Peacock South prospect previously defined by Angkor Gold, which extends over 1,400 metres from north to south and up to 400 metres east to west at more than 10 ppb Au.

Exploration was carried out by Emerald Resources NL through its Cambodian subsidiary, Renaissance Minerals (Cambodia) Ltd., under a definitive earn-in agreement with Angkor announced July 12, 2017.

Planning is under way for Emerald's reconnaissance drill testing program on both of the Koan Nheak targets.

Angkor president J.P. Dau said: "We are very pleased to see Emerald developing more drill targets following new and last year's encouraging results on our Koan Nheak licence. These large gold-in-soil targets represent more discovery opportunities for Angkor and our shareholders, and we are very much looking forward to the drill results."

The current soils program was conducted by Emerald under its definitive earn-in agreement with Angkor. The program consisted of infill auger samples taken across the core of the surface geochemical anomaly previously identified by Angkor. During the recent program, additional auger soil samples infilled the Peacock prospect to a 50-metre-by-50-metre grid on the southern anomaly and 100-metre-by-100-metre grid on the northern anomaly. To date, 596 auger samples have been taken from the Peacock prospect. To see a map of results from the exploration program, please visit the Angkor website.

The compiled results support the presence of a fault-related, gold anomalous epithermal vein system on the south to south-southeast of the mapped intrusion at the Peacock prospect. The geological setting and multielement data suggest that the hydrothermal system is zoned about the main diorite intrusion from a copper-molybdenum-tellurium porphyry-like association in northeast-striking regional structure along the northwest part of the diorite, trending through copper-silver-plus-or-minus-gold anomalism over the core of the intrusion, and a gold-arsenic-antimony-lead-tellurium association in the south and south-southeast where a northeast-striking fold belt in sandstone dominated stratigraphy interacts with the southern margin of the diorite.

Sample methodology

Soil samples of approximately 1,000 grams are collected to avoid any surface contamination from shallow (generally plus or minus 20 to 30 centimetres deep) shovel holes to selectively sample pisolite-bearing laterite soil material, and are used to define areas of interest and mineralized system footprints.

Soil auger samples of approximately 500 grams are collected from hand auger refusal depth in situ weathered bedrock (B/C horizon soil transition). The sample is sieved to collect a sample passing two millimetres. Where transported material is not penetrated, no sample is taken to avoid spurious anomalism in transported material and assist in confirming bedrock geology. This sampling is preferred to constrain areas of interest and/or drill targets.

Soil sample preparation is carried out at a commercial off-site accredited laboratory (ALS Phnom Penh). Gold and multielement assays are conducted at ALS Brisbane, Australia, using a 50-gram subsample of 85 per cent passing 75-micron pulped sample digested by aqua regia and analyzed by ICP-MS (inductively coupled plasma-mass spectrometry). Oxide matrix standards, field duplicates and pulp blanks are inserted in sample batches to test laboratory performance.

Rock chip samples are collected as niche samples of rock material of specific style or character of interest. A target sample weight of three to five kilograms is collected for assay. Sample preparation is carried out at a commercial off-site laboratory (ALS Phnom Penh). Gold assays are conducted at ALS Vientiane, Laos, using a 50-gram subsample of 85 per cent passing 75-micron pulped sample using fire assay with AAS (atomic absorption) finish and aqua regia digest of the lead collection button. Multielement assay is completed at ALS, Brisbane, Australia, using a four-acid digest of a one-gram subsample of 85 per cent passing 75-micron pulped sample and determination by ICP-AES (inductively coupled plasma-atomic emission spectrometry) or ICP-MS for lowest available detection for the respective element. Samples are dried for a minimum of 12 hours at 105 C.

Field duplicates of soil samples are also collected routinely (approximately one every 20 samples). This sample technique is industry norm and is deemed appropriate for the material.

Industry-standard QA/QC (quality assurance/quality control) protocols are routinely followed for all sample batches sent for assay, including the insertion of commercially available pulp CRMs and pulp blanks into all batches -- usually one of each for every 20 field samples. Additional blanks used are homemade from barren quarry basalt. QA/QC data are routinely checked before any associated assay results are reviewed for interpretation, and any issues or anomalies are investigated before results are released to the market. No issues were raised with the results reported here.

All assay data, including internal and external QA/QC data and control charts of standard, replicate and duplicate assay results, are communicated electronically.

About Angkor Gold Corp.

Angkor Gold is a public company listed on the TSX Venture Exchange and is a leading mineral explorer in Cambodia, with a large land package and a first-mover advantage building strong relationships with all levels of government and stakeholders.

Dennis Ouellette, BSc, PGeo, is a member of The Association of Professional Engineers and Geoscientists of Alberta (APEGA No. 104257) and a qualified person as defined by National Instrument 43-101. He is the company's vice-president of exploration and has reviewed and approved the technical disclosure in this release.

We seek Safe Harbor.