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Angkor Resources Corp
Symbol ANK
Shares Issued 206,129,782
Close 2026-08-12 C$ 0.335
Market Cap C$ 69,053,477
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Angkor assesses drill sites ahead of Block VIII wells

2026-08-12 18:11 ET - News Release

Ms. Delayne Weeks reports

POTENTIAL OIL & GAS DRILLING CONTRACTORS ASSESS DRILL SITES WITH ENERCAM MANAGEMENT ON BLOCK VIII, CAMBODIA

Senior representatives of Angkor Resources Corp.'s Cambodian energy subsidiary, EnerCam Resources Co. Ltd., met with potential drilling contractors to assess drill sites in anticipation of mobilizing and demobilizing drilling equipment for drilling exploratory wells on Block VIII.

EnerCam's team provided technical presentations to several potential drilling companies for the planned exploratory wells to be drilled in Block VIII as Cambodia's first onshore oil and gas wells. Teams then travelled to the field to examine the roads and infrastructure providing access to each of the four sub-basins that are drill targets. Bridges are an important part of the assessment to ensure the significant load and equipment can be carried.

The teams collaborated on technical information from the seismic results and the drill plan for various wells to be drilled to a depth of up to 3,300 metres. They then travelled to the Kirirom and South, Central and North Bokor prospects to analyze various requirements in mobilizing large drilling equipment to the various drill sites. John Koch, EnerCam's drilling manager, travelled to Cambodia to meet the teams and cover the details of the drilling, completion and production testing requirements of each well.

John Koch commented on the trip: "Clearly the required services and equipment are available to undertake our exploration program and meet our technical requirements in a cost-effective manner. The access and terrain in Block VIII lends itself to efficient execution."

Drilling contractors are selected based on a tendered bid that is first approved by Ministry of Mines and Energy and then published in various media outlets. EnerCam has undertaken its own due diligence on a number of possible drilling contractors over the past five months to expedite the process and advance the project ahead of schedule where possible. Team members like Mr. Koch have done this type of work in over 60 countries, designing, and building oil and gas drill programs and drill sites to meet safe and efficient practices. These models implement global best practices and set a high standard for the entire industry.

The environmental impact assessment (EIA) on the four sub-basins to be drilled is in its final stages of approval with the Ministry of Environment, having completed an interministerial meeting of government ministries in mid-July.

Mike Weeks, president of EnerCam, comments: "While the final review of the EIA progresses, we take on a great deal of other work to prepare for the actual drilling and that includes due diligence by our teams ahead of the actual bid. As these exploratory wells will be the first onshore to be drilled, we are developing a system and a precedent for both EnerCam and Cambodia that can be implemented on additional oil and gas projects as the sector develops."

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 the country. The company's mineral subsidiary, Angkor Gold Corp. Co. Ltd., 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.

Angkor's Cambodian energy subsidiary, EnerCam Resources Co. Ltd., was granted an onshore oil and gas licence in the southwest quadrant of Cambodia called Block VIII. The company removed all parks and sensitive areas from the original 7,300-square-kilometre licence and now Block VIII is approximately 4,095 square km.

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. Following the identification of drill targets, the company completed an additional environmental impact assessment on the drilling target areas, which is now submitted for approval by the Ministry of Environment. the company plans to follow with drilling Cambodia's first privately financed onshore exploratory oil and gas wells under a 30-year signed production sharing contract.

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