Ms. Delayne Weeks reports

ANGKOR RESOURCES INCREASES ITS INTEREST TO 75% ON BLOCK VIII OIL & GAS LICENSE IN CAMBODIA

Angkor Resources Corp.'s energy subsidiary, EnerCam Exploration Ltd., has entered into an amended and restated partnership agreement with 358140 Alberta Ltd. (358) to increase Angkor's ownership interest from 20 per cent to 75 per cent in the Block VIII oil and gas concession in Cambodia.

The fundamental terms of the agreement provide that Angkor's interest in the 4,095-square-kilometre Block VIII concession will increase from 20 per cent to 75 per cent by assuming the responsibility of financing the drilling program and making a payment of $2-million (U.S.) to 358 by no later than June 30, 2026. The agreement also provides Angkor with the option to make the $2-million (U.S.) payment by issuing common shares to 358, with the issuance price of the shares to be the 30 days of volume-weighted average trading price prior to the payment date, subject to approval of the Toronto Stock Exchange. On completion of the drilling program, the Block VIII interests will convert to a working interest and 358 will be obligated to contribute its 25 per cent of development costs after all drilling has been completed.

"This is a positive deal for both companies but especially benefits EnerCam/Angkor and its shareholders by increasing our interest substantially to 75 per cent," says Mike Weeks, president of EnerCam. "With funding from 358 at the very early high-risk stages, 358 took on the greatest risk to our benefit; 358 made it possible for EnerCam/Angkor to advance the licence and now we have drill targets and hold a 75-per-cent interest as we move towards drilling. 358 keeps its involvement with a working interest and we have the option to convert 358's ownership investment into shares of Angkor."

With 358's financial contributions to date exceeding $3.6-million (Canadian), EnerCam was able to undertake and complete:

1. Final licensing costs to initiate exploration;
2. An initial environmental impact assessment;
3. The addition and permitting of an additional 220 square kilometres in the northeastern segment of the original licence as part of Block VIII;
4. A 350-kilometre 2-D seismic assessment of the concession;
5. The determination of four drill targets on subbasins within Block VIII.

The Block VIII concession is held in Angkor's Cambodian subsidiary, EnerCam Resources Co. Ltd., and is administered by Angkor's wholly owned EnerCam Exploration of Canada.

The terms of the agreement are subject to approval of the TSX Venture Exchange.

About Angkor Resources Corp.

Angkor Resources is a public company, listed on the TSX Venture Exchange and is a leading resource explorer and developer in Cambodia working toward mineral and energy solutions across Cambodia.

Angkor's Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas licence in the southwestern quadrant of Cambodia called Block VIII. The original 7,300-square-kilometre licence was reduced to approximately 4,300 square kilometres upon voluntary removal of parks and protected areas, subsequently adjusted through government remapping directed by the Ministry of Mines and Energy, and then expanded by 220 square kilometres with the addition of the Kirirom basin in the northeast, resulting in the current area of approximately 4,095 square kilometres.

EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as a nation with its own oil and gas resources. The company completed 2-D seismic in 2025 and has identified multiple drill targets with multiple target zones. As it now works to complete an additional environmental impact assessment on the drilling target areas, the company plans to follow with drilling Cambodia's first privately financed onshore exploratory oil and gas wells under a production sharing contract.

The company's mineral subsidiary, Angkor Gold Corp. Co. Ltd., held three mineral exploration licences during 2024 and 2025, and disposed of its Oyadao North licence in mid-2025. The company continued to disclose that it held three licences, although only two were active, until the company had confirmation from the Ministry of Mines that the transfer of Oyadao North licence was 100 per cent complete, which was verified by the end of October, 2025. The mineral subsidiary currently holds two mineral exploration licences in Cambodia with multiple prospects in copper and gold. Both licences are in their first two-year renewal term.

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