Angkor Gold and Renaissance Minerals Receive Government Approval For The Koan Nheak Joint Exploration Agreement

Angkor  Gold  and  Renaissance  Minerals  Receive  Government  

Approval  For  The  Koan  Nheak  Joint  Exploration  Agreement  

Sexsmith,  AB,  (Sept.  20,  2017):  Angkor  Gold  Corp.  (TSXV:  ANK  and  OTC:  ANKOF)  (“Angkor”  or  “the  

Company”)  CEO   Mike   Weeks  is   pleased   to   announce   that  Angkor  has  received   the   approval   of   the  

Cambodian   Ministry   of   Mines   and   Energy   to   proceed   with   its   joint   project   with  Renaissance  Minerals  

(Cambodia)   Ltd   (“Renaissance”)  on  Angkor’s  wholly-­owned   Koan   Nheak   property.   The   approval   of   the  

Cambodian  Ministry  of  Mines  and  Energy  (“MME”)  clears  the  way  for  Angkor  and  Renaissance  to  proceed  

with  their  joint  exploration  plans  of  Koan  Nheak  under  their  Definitive  Earn-­In  Agreement  (the  Agreement)  

announced  July  12,  2017.  

Renaissance  Minerals  (Cambodia)  Ltd  is  a  subsidiary  of  Emerald  Resources  NL  (ASX:  EMR)  (“Emerald”),  

an  established  Australian  mining  company  operating  in  Cambodia  through  Renaissance.  Renaissance  is  

currently  working  through  the  final  permitting  process  on  their  Okvau  Gold  deposit  located  approximately  

60  kilometres  from  the  southern  edge  of  Angkor’s  Koan  Nheak  license.  

With  Cambodian  government  approval,  Angkor  and  Renaissance  will  immediately  begin  planning  the  next  

stage   of  intensive  exploration   at   Koan   Nheak.  The  terms   of   the  Agreement  between   Angkor   and  

Renaissance  include  a  total  investment  by  Renaissance  of  $2  million  USD  in  exploration  and  development  

expenditures  plus  a  $200,000  USD  cash  payment  to  Angkor  by  Renaissance  over  a  2-­year  period  for  them  

to  acquire  a  51%  participating  interest  in  the  Koan  Nheak  license.    

Upon   completion   of   the   initial   earn-­in  option,   Renaissance   has   the   right   to   acquire   an   additional   29%  

participating  interest  in  the  license  with  the  commissioning,  and  completion,  of  a  Definitive  Feasibility  Study.  

After  that,  Angkor  will  maintain  a  20%  participating  interest  in  the  property,  or  at  A ngkor’s  discretion,  can  

convert  to  a  3.5%  Net  Smelter  Return  (“NSR”)  on  all  metals.    Renaissance  will  be  the  operator  on  the  project  

throughout.  

Angkor’s  Koan  Nheak  Licence  lies  immediately  south  of  the  town  of  the  same  name  in  the  northeast  of  

Mondulkiri  Province.   It   covers   three  prospects   of   interest:   Peacock,  East   Ring   and   Straddle.  Zones   of  

abundant  sulphide-­rich  quartz  vein  float  were  observed  on  Peacock,  which  previously  reported  a  field  grab  

sample  assay  value  of  greater  than  33.2  g/t  Au.  Grab  samples  are  selective  samples  and  are  not  necessarily  

representative  of  the  mineralization  hosted  on  the  property.  No  drilling  has  been  previously  undertaken  at  

Koan  Nheak.    

Dennis  Ouellette,  B.Sc,  P.Geol.,  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”),  is  the  Company’s  Exploration  Manager  and  has  reviewed  and  approved  the  technical  disclosure  in  

this  document.  

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.  

Box  153,  Sexsmith,  AlbertaT0H  3C0  

Canada  •  www.angkorgold.ca  

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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   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.