Mr. J.P. Dau reports

SAMPLING & MAPPING RESULTS INCLUDE 13.95 GPT GOLD GRAB SAMPLE AT ANGKOR S BANLUNG PROPERTY

Angkor Gold Corp. has released results from the mapping and sampling program on its Banlung property in Ratanakiri province, Cambodia. The Banlung property has two primary targets -- Okalla East and Okalla West.

Highlights of grab sample results include:

• 13.95 grams per tonne gold and 62.90 grams per tonne silver;
• 11.90 grams per tonne gold and 6.90 grams per tonne silver;
• 10.85 grams per tonne gold and 6.90 grams per tonne silver.

"Okalla East is an exciting gold target with significant potential," commented Dennis Ouellette, Angkor's vice-president of exploration. "The gold and silver assay results from rocks taken during the mapping program again supports our understanding of the geology and presence of high-sulphidation epithermal mineralization. In addition, drilling on the Okalla West target is ongoing, where the focus has been placed on several targets, including a low-sulphidation epithermal gold anomaly."

The attached table shows the results of 20 grab float samples from the recent Okalla East mapping and sampling program that returned assay results of greater than 0.5 gram per tonne.

Sample     Gold (g/t)    Silver (g/t)

V035926        13.95           62.90      
V035936        11.90            6.90       
V035939        10.85            6.90       
V035924         7.28           46.00      
V035925         5.81            0.50       
V035948         5.56            0.90       
V035935         5.50            3.50       
V035944         4.85            0.90       
V035927         4.19            1.00       
V035947         4.01           12.70      
V035946         3.38            0.90       
V035928         3.37            2.50       
V035949         3.37           11.30      
V035932         3.25            1.00       
V035921         2.20            2.60       
V035933         1.26            7.70       
V035923         0.71            2.30       
V035934         0.60           18.70      
V035938         0.58            0.80       
V035922         0.52           11.60      
 

Rock chip and grab samples are selected samples; they are not necessarily representative of the mineralization hosted on the property. The samples with the highest gold values consist of brecciated vein material with abundant semi-massive pyrite. This is similar to a previously reported sample from the 2012 diamond drilling program (BL12-026D), which returned 86 grams per tonne gold over one metre located approximately 1,100 metres to the west of the current sampling area.

There were no significant base metal values returned with the gold. The samples occur in clusters, suggesting that trenching may be the next step for examining the anomalous areas.

Current exploration program highlights:

• The continuing drill program consists of approximately 3,250 metres of reverse circulation and air core drilling on a linear gold anomaly within a previously identified alkalic intrusive complex at Okalla West. The anomaly to be tested is approximately two kilometres in length from north to south and about 1.5 kilometres wide from east to west.
• Mapping and a continuation of the auger sampling program are currently under way, testing the southern portion of the anomaly.
• The planned aerial survey has been completed using a state-of-the-art eBee drone, which flew over both the Okalla East high-sulphidation gold/porphyry copper target as well as the Okalla West low-sulphidation epithermal gold target. The survey has provided important relative topographical control and is currently being implemented in planning.

Banlung project highlights

The current drilling campaign under way at Banlung is part of a commitment by Hommy 5 Resources Inc. to finance up to $3.65-million (U.S.) of exploration work on the property.

Angkor's Banlung property includes two primary prospects -- Okalla West and Okalla East. The styles of mineralization and alteration observed during Angkor's previous exploration at Okalla West are typical of mineralization associated with alkaline systems. Previous testing at Okalla East indicates an epithermal-style gold mineralization system, which contains elevated gold levels (in addition to other base metals).

Approximately $1.2-million (U.S.) in exploration work has been done at Banlung since the beginning of 2017, including shallow drilling to investigate and better understand the underlying geology and structure. In addition to drilling, the entire licence area has previously been the subject of an aeromagnetic survey, satellite imagery geological interpretation, with reconnaissance field truth mapping and a multielement stream sediment geochemical survey, as well as extensive grab sampling, auger sampling and a termite mound.

Sample methodology

Grab 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) utilizing a 50-gram subsample of 85-per-cent passing 75-microm pulped sample using fire assay with AAS finish on an aqua regia digest of the lead collection button. Multielement assay is completed at ALS in Brisbane, Australia, utilizing a four-acid digest of a one-gram subsample of 85-per-cent passing 75-microm pulped sample and determination by ICP-AES or ICP-MS for lowest available detection for the respective element. Samples are dried for a minimum of 12 hours at 105 degrees Celsius.

All types of samples are prepared for assay at the NATA-accredited ALS Cambodia sample preparation facility in Phnom Penh. Field duplicates of soil samples are also collected routinely (approximately one every 20 samples). This sample technique is the industry norm and is deemed appropriate for the material.

Industry-standard quality assurance/quality control protocols are routinely followed for all sample batches sent for assay, which includes 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 made from home from barren quarry rock. Quality assurance/quality control 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 quality assurance/quality control 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 document.

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