Ms. Delayne Weeks reports

ANGKOR RESOURCES' SUBSIDIARY COMPLETES ENVIRONMENTAL IMPACT ASSESSMENT FOR BLOCK VIII DRILLING PROGRAM, CAMBODIA

Angkor Resources Corp.'s Cambodian energy subsidiary, EnerCam Resources Co. Ltd., has completed the environmental impact assessment (EIA) covering the proposed drill target areas on the Block VIII onshore oil and gas concession in southwestern Cambodia. The 289-page report has been formally submitted to Cambodia's Ministry of Environment for review and approval.

The EIA was prepared by Green Assessment, a Cambodian-based environmental consulting firm, and was conducted on the specific drill target areas identified within four subbasins of Block VIII: Bokor South, Bokor Central, Bokor North and Kirirom. The assessment integrates baseline studies of surface and groundwater, soils, air quality, biodiversity, socio-economic conditions and community consultation, together with proposed mitigation and monitoring measures consistent with Cambodian regulatory requirements and international good practice.

The drill targets covered by the EIA were defined following final interpretation of EnerCam's 350-line-kilometre 2-D seismic program completed in 2025.

With the EIA submission completed, EnerCam has now defined a four-plus-one drilling program across Block VIII. The program contemplates one exploratory well in each of the four identified subbasins -- Bokor South, Bokor Central, Bokor North and Kirirom -- followed by a fifth well, the location of which will be determined based on the results of the first four wells. The contingent well is intended to allow the technical team to follow up on the most prospective result and accelerate evaluation of the most promising play within the concession.

Mike Weeks, president of EnerCam, commented: "Submitting the EIA is a significant regulatory milestone for the Block VIII project. The 289-page document reflects months of careful fieldwork and analysis by Green Assessment and our technical team on the actual drill target areas in each of the four subbasins. With the report now in front of the Ministry of Environment, we can continue advancing detailed well planning and contracting toward what would be Cambodia's first privately financed onshore exploratory oil and gas wells under a production sharing contract."

The EIA review process is administered by the Ministry of Environment of the Kingdom of Cambodia. The company will provide further updates as the review advances, and as well planning, permitting and contracting activities progress on the four-plus-one drilling program.

Board of directors update

The company also notes that Ken Booth has retired from Angkor's board of directors, effective May 19, 2026. Mr. Booth will continue to provide services to the company in an advisory capacity under a separate contractual arrangement. The company thanks Mr. Booth for his service on the board and welcomes his continued involvement in an advisory role.

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, 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 km 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 km with the addition of the Kirirom basin in the northeast, resulting in the current area of 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 2D-seismic in 2025 and has identified multiple drill targets with multiple target zones. As it has 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 production sharing contract.

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