Ms. Delayne Weeks reports

ANGKOR RESOURCES' SUBSIDIARY, ENERCAM RESOURCES, PROGRAMS SEISMIC LINES ON BLOCK VIII, CAMBODIA

Under Angkor Resources Corp.'s Cambodian subsidiary, EnerCam Resources Co. Ltd. Cambodia, geoscientists have established a 350-kilometre 2-D seismic line program for furthering oil and gas exploration over the Block 8 onshore oil and gas licence.

The technical team has identified six potential sedimentary subbasins of interest across Block 8, four of them central-west and two more shallow basins on the east. The team has been working through all the publicly available data over the general Block 8 permit area and regionally over all of Southeast Asia to understand and methodically fast-track ECC's proposed 2025 exploration activities.

Completion of seismic and interpretation is the main factor that leads to drilling targets. The primary initial seismic survey targets lie within the western half of the permit block in the informally named south Cardamom, central Bokor, south Bokor and north Phu Quoc sedimentary subbasins.

On the east side of the Block 8 licence, there appears to be two shallower sedimentary basins, north Kampot and south Kampot, respectively. There are several known oil seeps of great interest in both subbasins, and there are plans to shoot further 2-D seismic programs during later dry seasons possibly using accelerated weight drop seismic technology, which will be suited to such shallower potential targets.

These oil seeps on permit Block 8 resemble those found at surface leading to the oil discoveries in basins of northwestern Thailand. The Phitsanulok basin in Thailand is home to the Sirikit oil field, which is the largest onshore oil field in that nation. The main Sirikit pool, discovered in 1981, had an initial estimate of about 800 million barrels and recoverable estimates of 148 million barrels of oil and 250 billion cubic feet associated gas. Readers should note that this production is not necessarily indicative of the resource or reserve on Block 8.

Adjustments will be made to ensure all lines are kept within permit boundaries, with no incursion into any of the protected park areas or special ecological reserve lands.

The 2-D seismic is to be processed and interpreted over the coming rainy season, and it is expected that the results will guide the next steps.

Advancing oil and gas development onshore is a substantial step forward for the Kingdom of Cambodia, which currently imports 100 per cent of its hydrocarbon-based energy products.

Qualified person

Dr. David D. Johnson, PGeo, is a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA No. 36247) and a qualified person as defined by National Instrument 51-101. He is the company's QP on oil and gas projects, and has reviewed and approved the technical disclosure in this document.

About Angkor Resources Corp.

Angkor is a public company, listed on the TSX Venture Exchange, and is a leading resource optimizer in Cambodia working toward mineral and energy solutions across Canada and Cambodia. Angkor's carbon capture and gas conservation project in Saskatchewan, Canada, is part of its long-term commitment to environmental and social projects and cleaner energy solutions across expanding jurisdictions.

The company's mineral subsidiary Angkor Gold Corp. in Cambodia holds three mineral exploration licences in Cambodia, and its Cambodian energy subsidiary EnerCam Resources was granted an onshore oil and gas licence of 3,729 square kilometres in the southwestern quadrant of Cambodia called Block 8. Since 2022, Angkor's Canadian subsidiary EnerCam Exploration Ltd. has been involved in gas/carbon capture and oil and gas production in Evesham, Sask.

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