Angkor Announces Termination of Earn-In Agreement With Blue River Resources Ltd.
Angkor Announces Termination of Earn-In Agreement
With Blue River Resources Ltd.
Sexsmith, AB, (Nov. 13, 2017): Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF) (“Angkor” or
“the Company”) CEO Mike Weeks announced today the termination of the Company’s earn-in
exploration agreement with Blue River Resources Ltd. (TSXV:BXR) on Angkor’s wholly-owned Banlung
License, which includes the Okalla East and Okalla West Prospects.
“Blue River has not met its obligations under the earn-in agreement,” said Angkor CEO Mike Weeks, “and
as such Angkor has terminated the agreement on the Banlung License effective immediately.” As a result
of the termination of the Agreement, Blue River has earned no interest in or rights to the Banlung License.
Angkor has five exploration licenses in Cambodia totalling approximately 983 square kilometres. All
licenses were renewed earlier this year. The Company has earn-in and exploration agreements in place
for several of Angkor’s other licenses. These include a USD $3 million three year agreement with
JOGMEC (Japan Oil, Gas and Metals National Corporation) on Angkor’s 100% owned Oyadao South
license that commenced this year, and the recently announced USD $2 million, two year exploration
agreement with Australian-based gold company, Emerald Resources NL (ASX:EMR), on Angkor’s wholly-
owned Koan Nheak property in northeastern Cambodia.
“Angkor is in great demand as a development partner in Cambodia,” continued Weeks, “with excellent
government relations, a large land package and long history in the country. While we are sorry to end our
relationship with Blue River, we have numerous parties interested in our exploration licenses and hope to
explore several proposals for advancing Banlung in the near future.”
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.
FOR FURTHER INFORMATION PLEASE CONTACT:
ANGKOR GOLD CORP.
Stephen Burega, Vice President of Corporate Development
Telephone: (647) 515-3734
Email: [email protected]
Website at: 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 con tained herein may constitute “forward-looking
information.” In particular references to the private placement and future work programs or expectations
Box 153, Sexsmith, AlbertaT0H 3C0
Canada • www.angkorgold.ca
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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.