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Angkor Resources Corp
Symbol ANK
Shares Issued 204,900,532
Close 2026-03-11 C$ 0.34
Market Cap C$ 69,666,181
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Angkor drills 52.6 m of 0.25% Cu at Andong Bor

2026-03-11 20:24 ET - News Release

Ms. Delayne Weeks report

ANGKOR RESOURCES REPORTS COPPER MINERALIZATION OVER 286 METRES AT THMEI NORTH PROSPECT, CAMBODIA

Angkor Resources Corp. has released results from diamond drill hole AB25-009 completed at the Thmei North copper target on the Andong Bor mineral exploration licence in Cambodia. The drill hole returned copper mineralization over the entire 286.2 metres sampled, with grades increasing significantly at depth.

Diamond drill hole AB25-009 was completed on July 18, 2025, to a depth of 312.2 metres. The hole was drilled near vertical and sampled continuously over 286.2 metres, returning an overall average of 1,309 parts per million copper (0.13 per cent Cu).

Notably, copper grades increased with depth. The bottom 67.3 metres of the hole averaged 2,181 ppm copper (0.22 per cent Cu), including a 52.6-metre interval grading 2,493 ppm copper (0.25 per cent Cu). The hole ended in mineralization, suggesting the copper-bearing system continues at depth.

The upper portion of the hole cored a medium-grained diorite -- a dense, granite-like rock -- to a depth of 244.9 metres. Throughout this section, the drill core contained small quartz veins carrying iron and copper minerals. At 244.9 metres, the hole crossed into hornfels, which are older sedimentary rocks that have been hardened by heat from the nearby diorite intrusion. Within the hornfels, the number of mineral-bearing veins increased significantly, and copper content rose accordingly.

Dennis Ouellette, vice-president, exploration, commented: "What is encouraging about this hole is the increase in copper grade as we moved deeper into the hornfels. The contact between the diorite and the hornfels is very steep, meaning the diorite intruded along near-vertical structures. The mineralized quartz veins follow these same structures, and the hornfels hosts more veins and higher copper grades. Importantly, we also see copper mineralization within the diorite itself -- both in veins and as fine grains scattered through the rock -- which tells us there is good potential for copper in both rock types."

Mr. Ouellette added: "These results reinforce our view that the strongest mineralization is concentrated near or within the wall rock -- the hornfels surrounding the diorite intrusions. However, with so little drilling completed on this target, we are still in the early stages of understanding the full picture. This deposit is a bit of a hybrid -- what geologists call a porphyry copper-related skarn -- where small bodies of diorite and feldspar porphyry dikes have intruded into highly receptive siltstone and volcaniclastic rocks. We need to drill more holes to find the areas of most consistent mineralization. That said, the hornfels shows potassic alteration, which is a strong indicator that we are in the right area -- and 52.6 metres of 0.25 per cent copper is a very good start."

Mr. Ouellette also noted that early potassic alteration has been overprinted by later chlorite-sericite and phyllic alteration -- an alteration sequence typical of copper porphyry systems, which is the style of deposit the company is exploring for at Thmei North.

A second drill hole, AB25-010, was started on July 20, 2025, but was halted due to the Cambodian-Thai border conflict in the northwestern region. Safety of staff and personnel remains the company's top priority, and activities on the Andong Bor licence are on hold until conditions allow safe resumption.

Qualified person

Dennis Ouellette, BSc, PGeo, is a member of the Association of Professional Engineers and Geoscientists of Alberta (APEGA No. 104257) and a qualified person as defined by National Instrument 43-101. He is the company's vice-president, exploration, on site, 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 Cambodia. The company's Cambodian mineral subsidiary, Angkor Gold Corp., holds two mineral exploration licences in Cambodia with multiple prospects in copper and gold. Both licences are in their first two-year renewal term.

Angkor's 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 4,095 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. The company completed seismic in 2025, and has identified multiple drill targets with multiple target zones. As it now works to complete an environmental impact assessment on the drilling target areas, the company plans to follow with drilling Cambodia's first onshore oil &and gas exploratory wells.

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