Mr. Delayne Weeks reports

ANGKOR ANNOUNCES COMPLETION OF SHARES FOR DEBT SETTLEMENT

Angkor Resources Corp., further to its news release dated May 31, 2023, has received approval for the issuance of 11,131,391 common shares of the company at a price of eight cents per share in settlement: $690,000 of the debt is to settle creditors participation in a joint venture funding agreement issued, as previously announced in February, 2022; and the remaining $195,511 is to settle outstanding debt to certain consultants, creditors, officers and directors of the company.

The TSX Venture Exchange has approved the debt settlements and, by issuing the debt shares, the debt has been extinguished.

The issuance of the debt shares to certain officers and directors constitutes a related-party transaction as this term is defined in Multilateral Instrument 61-101 -- Protection of Minority Securityholders in Special Transactions. The company is relying on the exemptions from the valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101, as neither the fair market value of the debt shares nor the debt exceeds 25 per cent of the company's market capitalization.

All debt shares issued are subject to a statutory four-month hold period from the date of the issuance.

About Angkor Resources Corp.

Angkor Resources is a leading resource optimizer in Cambodia working toward mineral and energy solutions across the country. The company holds multiple mineral exploration licences in the country, and in late 2022, its subsidiary, EnerCam Resources, was granted an onshore oil and gas licence of 7,300 square kilometres in the southwest quadrant of Cambodia. Angkor's carbon capture and gas conservation project in Saskatchewan, Canada, proves its long-term commitment to environmental and social projects across expanding jurisdictions.

We seek Safe Harbor.