Ms. Delayne Weeks reports

ANGKOR RESOURCES' ENERCAM MAKES ADVANCES IN PREPARATION FOR SEISMIC

The onshore oil and gas team for Angkor Resources Corp.'s energy subsidiary, EnerCam Resources (Cambodia) Co. Ltd. has advanced the programing steps for the 2-D seismic program on Block VIII as part of the first onshore oil and gas well to be drilled in Cambodia.

Joint review committee

The production-sharing contract includes specific conditions that were established to move the project forward, two of which require that:

• EnerCam and the Ministry of Mines and Energy were to establish a joint review committee to meet regularly on all facets of the planned and executed exploration activities. Four members from EnerCam and four members of MME have formed a joint committee with Mike Weeks and Keith Edwards representing EnerCam with Mads Braemer and Delayne Weeks being alternatives.
• Any contacts in excess of $500,000 (U.S.) will include the submission and comparison of the bids to the joint committee plus the selected winning bidder for the contract for the approval from MME.

The seismic program cost will be well in excess of the $500,000 (U.S.) threshold.

Because the terms of the PSC only allow on-ground exploration after the environmental impact assessment is complete and approved, the initial scoping survey was undertaken using existing reconnaissance data previously acquired by EnerCam when researching Block VIII. Combining the locations of surface seeps, topographical maps, in-house geological reports, Google Earth and other tools allowed the layout and plan for 350-line-kilometre seismic. This work was completed concurrently while the independent environmental contractors complete the environmental impact assessment.

Wherever possible, the seismic will be shot on established roadways or existing trails to minimize the activity footprint.

A seismic scoping outline identifies, first, the existing roadways on which seismic will be shot, second, the land areas that are cleared with some form of vegetation, third, the forested areas that are yet undeveloped, and, fourth, all bridges, waterways and natural environmental elements.

Like other jurisdictions, if Enercam's seismic program passes over private land, EnerCam contacts each landowner for prior permission, and provides education about the process and expectations. In the event where the project will venture off the road and onto producing cropland, then EnerCam ensures the landowner is compensated for any damages.

The pathways for the seismic shall include deep-level UXO (unexploded ordinance) clearance as a pro-active measure, so any roads, intended trails or paths for the seismic lines shall be safely cleared before equipment is allowed.

Mike Weeks, president of EnerCam, commented on the steps: "These are similar practices that we have undertaken for the past 13 years on the mineral licences. We maintain high safety standards at all times. Although most of the areas through which we travel and complete seismic have already had deep clearance completed on the roads and land, we will manage UXO clearance on any areas that are remote."

The seismic will only begin when both the Ministry of Environment and MME approve the EIA on Block VIII, which has been under way across over 3,700 square kilometres since mid-March.

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 VIII. Since 2022, Angkor's Canadian subsidiary, EnerCam Exploration, has been involved in gas/carbon capture and oil and gas production in Evesham, Sask.

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