Ms. Delayne Weeks reports

ANGKOR RESOURCES ANNOUNCES CLOSING OF EVESHAM OIL AND GAS SALE

Angkor Resources Corp. has completed all final payments and has closed the sale of its 40-per-cent participating interest in the Evesham Macklin oil and gas lands in Saskatchewan. The transaction has received conditional approval from the TSX Venture Exchange.

As previously announced (Angkor Resources signs definitive agreement to sell Evesham oil production -- Angkor Resources Corp.,) Jan. 5, 2026), the company's wholly owned subsidiary, EnerCam Exploration Ltd. (the vendor), entered into an agreement of purchase and sale dated Dec. 31, 2025, with 2196231 Alberta Ltd., an arm's-length party, for the disposition of the assets at a purchase price of $4.8-million.

All payments under the agreement have been received and deposited into the company's accounts, including:

• A $250,000 non-refundable deposit paid on Dec. 19, 2025;
• A payment of $375,000 paid on Jan. 30, 2026;
• The balance of the loan of $3.8-million, applied to the purchase price on closing;
• A final payment of $375,000 received on March 1, 2026; and
• All profit entitlements and operating and capital commitments under the assets after Oct. 1, 2025, have accrued to the purchaser.

The sale of the oil and gas assets was a strategic decision that removed a debt of $3.8-million off the books and provided the company with $1-million in net proceeds. Shareholder approval for the disposition was obtained at the annual general and special meeting of shareholders held on Jan. 29, 2026, where over 99 per cent of the votes cast were in favour of the transaction.

Delayne Weeks, chief executive officer, commented: "We are pleased to announce the successful closing of the Evesham disposition. This transaction eliminates $3.8-million in debt and provides the company with additional working capital. We can now focus our resources and efforts on advancing our Cambodian onshore Block VIII oil and gas project and our mineral exploration programs, which represent the highest potential for growth and value creation for our shareholders. Discovering oil and gas in Cambodia as a new jurisdiction is a country changer. It brings energy independence to the entire nation, significantly reduces the imports of hydrocarbon-based energy, and develops a very significant sector of new skill set development and employment opportunities."

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 Cambodia.

The company's mineral subsidiary, Angkor Gold Corp. in Cambodia, holds two mineral exploration licences in Cambodia with multiple prospects in copper and gold. Both licences are in their first two-year renewal term.

Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas licence of 7,300 square kilometres in the southwestern quadrant of Cambodia called Block VIII. The company then removed all parks and protected areas, and added 220 square kilometres, making the licence area just over 4095 square kilometres. EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil- and gas-producing nation. Having completed seismic in 2025, the company has identified multiple drill targets, and advances an environmental impact assessment and drilling plans to drill Cambodia's first onshore oil and gas exploratory wells.

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