Angkor’S Gas Capture Project is Producing 500,000 Cubic Feet/Day and Creating Monthly Revenue

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ANGKOR’S GAS CAPTURE PROJECT IS PRODUCING 500,000

CUBIC FEET/DAY AND CREATING MONTHLY REVENUE

GRANDE PRAIRIE, ALBERTA (June 7, 2023):

Angkor Resources Corp. (TSXV: ANK and OTCQB: ANKOF) (“Angkor” or the “Company”) announces the

operation of natural gas/carbon capture project continues to create monthly revenue, with production

volumes greater than 500,000 cubic feet ( 500 MCF) per day at the end of May 2023 at Evesham,

Saskatchewan.

The Project , which was undertaken by the Company’s energy subsidiary EnerCam Exploration Ltd.

(EnerCam) in partnership with Saskatchewan operators, Eyehill Creek Exploration Ltd. (Eyehill), collects

associated natural gas (solution gas) that is otherwise emitted into the atmosphere from oil production.

Instead of the gas venting off the production tanks , the gases, which are primarily methane and ethane ,

are collected resulting in a reduction of greenhouse gases. Those gases are then processed; the water is

removed, an d product is compressed before the g as is sold into the Saskatchewan provincial sales

distribution system.

The Project can also add additional gas from other production wells once agreements and pipelines are

in place to expand a collective capture of gases from other locations.

Above: One of 28 production wells that channel gas via pipeline to the compressor site for processing (shown right).

EnerCam’s President, Mike Weeks , described the Project, “ We collectively have the capacity to take 3

million cubic feet of gas per day and with another compressor , we could expand that up to 10 million

cubic feet. The Project is an example of what we can do to reduce emissions and make our energy

solutions greener even with a smaller operation.”

The Project is anticipated to generate the first net positive recurring cashflow for EnerCam in late June of

2023, which will represent revenue from April. Previous production revenues were utilized to cover early

operational costs upon startup in the first quarter of 2023.

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Weeks adds, “The revenues and the subsequent net return to EnerCam is dictated by the price of gas,

which has fallen from over $9.00 USD to $2.00 USD per MCF over the past 8 months. However, the value

of the Project speaks for itself from an environmental and economic point of view. This is a strong win

for all the stakeholders, and we continue to look for additional gas streams that can be tied into the facility

and reduce emissions.”

The Company holds a 40% interest in the net revenues of the gas production of the Project.

On its Sand & Alluvial Gold project, t he Company has ceased its participation in the Malaguit River

environmental sand recovery project in the Philippines to streamline activities in Cambodia and Canada

for energy and mineral production.

ABOUT ANGKOR RESOURCES CORPORATION:

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource

optimizer in Cambodia working towards mineral and energy solutions across the country. The company

holds three mineral exploration licenses in the co untry and in late 2022, its subsidiary, EnerCam

Resources, was granted an onshore oil and gas license of 7300 square kilometers in the southwest

quadrant of Cambodia. Angkor’s carbon capture and gas conservation project in Saskatchewan, Canada

proves its long-term commitment to Environmental and Social projects across expanding jurisdictions.

CONTACT:

Delayne Weeks - CEO

Email: [email protected] Website: angkorresources.com Telephone: +1 (780) 831-8722

Please follow @AngkorResources on LinkedIn, Facebook, Twitter, Instagram and YouTube.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and

unknown risks and uncertainties. These forward -looking statements are subject to numerous risks and uncertainties, certain

of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at

any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact

of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results,

timing and results of future exploration, and the availability of financing. Readers are cautioned that the assumptions used in

the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise

and, as such, undue reliance should not be placed on forward- looking statements.