Ms. Delayne Weeks reports

ANGKOR RESOURCES RECEIVES PRELIMINARY FEEDBACK ON THE FIRST BASIN OF THE SEISMIC PROGRAM WITH ENERCAM'S OIL & GAS BLOCK VIII, CAMBODIA

Angkor Resources Corp.'s subsidiary, EnerCam Resources Co. Ltd. (Cambodia), has reviewed preliminary data from the South Bokor basin from the 2-D seismic program recently completed on Block VIII.

Keith Edwards, technical manager of EnerCam, commented on the South Bokor basin: "We have a preliminary view of what appears as a substantial structure in the most southerly South Bokor basin. The structure, which is an anti-cline, appears to have roughly 48 square kilometres of closure and has been named the South Bokor lead, located between 900 to 1,500 metres from surface. We look forward to confirmation of internal structures upon completion of seismic processing and an integrated geological and geophysical interpretation in November. As we receive more data and can apply that to the other basins, we look to determine a trend that may develop as we cover the central and more northern portions of the seismic program. Management has confirmed the South Bokor lead as the first drill target identified from the seismic program."

The anti-cline identified as the South Bokor lead results from the interpretation of the first of four subbasins the seismic program covered on Block VIII and was the first area on which seismic was shot early in August and the first data to be received. The remaining data from other areas of seismic are expected in segments by the latter part of October, and the interpretation of those data will continue and follow thereafter.

Structural anti-cline

Anti-clines contribute to the majority of oil and gas discoveries globally. However, to trap hydrocarbons, there must be an impermeable layer of rock on the top surface of the dome to hold the hydrocarbons in place, one of the elements which only drilling can prove.

The mission for EnerCam is to discover Cambodia's first commercial onshore oil and gas, as currently the country imports all its hydrocarbon-based energy products, spending several billion dollars per year. The seismic program included 24 lines across three provinces and employed 38 Khmer residents with 15 contractors coming from Thailand with the EnviroSeis equipment.

Mr. Edwards provided further comments: "The Khmer teams were amazing, happy to learn and accomplished the work, despite the challenges. The initial seismic data clearly shows the gross structure and various bright spots and unconformities, but we have only just started the interpretation and need more time to refine and draw definitive conclusions."

Mike Weeks, president of EnerCam, commented: "Proving there is commercial oil and gas in Cambodia starts with seismic giving us sufficient information to determine drill targets. Based on that, we are very pleased with now knowing the first subbasin is an anti-cline with four-way closure. This is the foundation for building out a robust program as we advance to more interpretation across the area of seismic completed. Drilling is the only way to prove an oil and gas resource, and with no history of onshore drilling in Cambodia, the process of determining the best targets takes longer. We still have three more subbasins to cover, so by the end of this year, the science will tell us if we can plan a multihole exploratory drill program for next year."

A description of the seismic from professional geologist Justin Snelling follows.

"Our preliminary view of the seismic reflections across the top of the structure is that they are mostly subparallel bedded, with seismic features that encourage us to believe there may be a thick sealing mudstone band, which can form a good seal just above the mapped surface. The reflections within the anti-cline are discontinuous, structurally more complex and display higher amplitudes, encouraging us to hope for significant reservoir rock development. If we are correct in our assumptions, then it is likely that fluids are trapped within this closed structure. Until the structure is drilled, however, and actual petrophysical data gathered, there is no way to know what the composition of these rocks might be, nor that of any hydrocarbon fluids which may have been trapped within this four-way closure or yet the potential value of any such resources trapped in this structure."

Additional processing and interpretation is continuing across the entire 24 lines of completed seismic.

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 jurisdictions. The company's mineral subsidiary, Angkor Gold Corp. in Cambodia, holds two mineral exploration licences in Cambodia, and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas licence of 7300 square kilometres in the southwest quadrant of Cambodia called Block VIII. The company then removed all parks and protected areas, and added 220 square kilometres, making just over 4,270 square kilometres. Since 2022, Angkor's Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Saskatchewan, Canada.

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