Angkor Announces Expansion Of Banlung Drill Program

Angkor Announces Expansion Of Banlung Drill Program

TORONTO, June 05, 2019 -- Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF) (“Angkor” or “the Company”) CEO Stephen

Burega announced today the expansion of the drill and exploration program on its Banlung license.

Under the Company’s Earn-In Agreement with Hommy 5 Resources (see Company press release of September 19, 2018), the

expanded program has ten diamond drill holes totalling approximately 1100 metres of HQ3 large diameter core drilling planned

to test several targets identified in last year’s shallow RC drilling program.

A corridor containing a potentially gold hosting fault zone approximately 400 metres wide (east-west) and 1,200 metres long

(north-south) was defined by previous exploration. The corridor is open to the north and south. Within the corridor Angkor has

identified multiple gold mineralized structures. The new diamond drill program will help to determine the extent of these

mineralized structures as well as their orientation.

“Last year’s reconnaissance shallow drill program confirmed the existence of a mineralized gold vein system over a large

area,” said Dennis Ouellette, Angkor’s VP Exploration. “Follow-up deeper HQ drilling is anticipated to determine the extent and

strength of gold veins at depth and help us understand the source of the mineralization.”

The 2018 shallow drilling was intended to test and map near surface mineralization and better understand underlying

structures. The drilling targeted gold-in-soil anomalies previously outlined by previous termite mound sampling and further

defined by auger sampling in 2016 and 2017 at the Okalla West prospect on the Banlung license.

The RC drilling intercepted many one to greater than 5 metre zones of fractured bedrock with pyrite and some base metal

sulphide mineralization with low grades of gold mineralization above the bedrock.

Near vertical AC holes through overburden were as short as 5 metres and some almost 30 metres in depth but averaged 10

metres in depth. The AC holes were very useful for determining underlying bedrock but tested only a few centimetres of the

bedrock. RC holes were drilled at an incline of 60 degrees with target depths of 60 metres.

The drilling was completed on widely spaced lines covering several large target areas, namely Okalla South, Okalla North, and

Copper Hill. Other undefined areas with anomalous in-soil gold and base metal values of no known provenance were also

tested.

The next stage of drilling at Okalla is expected to commence in June.

ABOUT ANGKOR GOLD CORP.

ANGKOR Gold Corp. is a public company listed on the TSX-Venture Exchange and is a leading mineral explorer in Cambodia

with a large land package and a first-mover advantage building strong relationships with all levels of government and

stakeholders.

Dennis Ouellette, B.Sc., P.Geo., is a member of The Association of Professional Engineers and Geoscientists of Alberta

(APEGA #104257) and a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”). He is the Company’s VP

Exploration and has reviewed and approved the technical disclosure in this release.

On behalf of the Board,

Stephen Burega

CEO, Angkor Gold Corp.

CONTACT:

Stephen Burega, CEO

Telephone: (647) 515-3734

Email: [email protected]

Website: http://www.angkorgold.ca or follow us on Twitter @AngkorGold.

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 of the statements made and information contained herein may constitute “forward-looking information.” In particular

references to the private placement and future work programs or expectations on the quality or results of such work programs

are subject to risks associated with operations on the property, exploration activity generally, equipment limitations and

availability, as well as other risks that we may not be currently aware of. Accordingly, readers are advised not to place undue

reliance on forward-looking information. Except as required under applicable securities legislation, the Company undertakes

no obligation to publicly update or revise forward-looking information, whether as a result of new information, future events or

otherwise.