Ms. Delayne Weeks reports

ANGKOR RESOURCES ADVANCES ENVIRONMENTAL IMPACT ASSESSMENT (EIA) FOR OIL & GAS DRILLING TARGETS, BLOCK VIII, CAMBODIA

Angkor Resources Corp.'s Cambodian energy subsidiary, EnerCam Resources Co. Ltd., has been well advanced with its Khmer contractor on the drilling environmental impact assessment study for Block VIII.

The EIA is assessing four target areas for drilling, including the Kirirom basin and the South, Central and North Bokor subbasins. Multiple topics must be addressed and reported as part of the submission to the Ministry of Environment in May, 2026.

Mike Weeks, president of EnerCam, described the EIA, "These assessments are both in-depth and sophisticated, with several hundred pages completed to describe each assessment in full."

Concurrently, members of the EnerCam team including drilling engineers and management have been actively researching drilling equipment and rigs from various countries to undertake the task of drilling, completions and production testing to be completed at each drill site. Equipment will have to be brought into Cambodia as there are no drilling rigs for this purpose in the country at this time.

Four locations have been identified in Block VIII for drilling as mentioned in previous press releases.

Mr. Weeks explained that the actual environmental impact from the drilling program is expected to be very limited as each site will be a secured one-hectare location, secured and fenced off from the neighbouring land, with all best industry practice environmental safeguards in place.

As part of the work required, EnerCam's contractor, Green Assessment Co. Ltd., looks at the drill targets, as well as completes data sampling of air, water and land; biodiversity studies of wildlife, flora and fauna; community socio-economic analysis; and public consultation at village, community, provincial and national levels. As the four targets for drilling are in different areas across the 4,095-square-kilometre licence area, the team of seven professionals will be joined by additional enumerators at the point of data collection.

EnerCam contracted Green Assessment to perform the drilling environmental impact assessment study and report for Block VIII. Licensed by the Ministry of Environment, Green Assessment performed the preliminary environmental impact assessment in second quarter of 2025 so it is very familiar with the Block VIII licence. Mr. Weeks has indicated his satisfaction that the exploratory program for Block VIII is progressing according to plan. At the completion of the drilling EIA study and report with co-ordination and approval from the Ministry of Environment, EnerCam will receive permission from the Ministry of Mines and Energy to start the drilling in Block VIII.

EnerCam is still on schedule to potentially start drilling in calendar fourth quarter 2026 or first quarter 2027.

About Angkor Resources Corp.

Angkor is a public company and 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 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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