Angkor Gold Concludes Agreement With Mesco For Payment of Final Tranche on Phum Syarung

Angkor Gold Concludes Agreement With Mesco

For Payment of Final Tranche on Phum Syarung

Sexsmith, AB (March 9, 2017): Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF) (“Angkor” or “the

Company”) is pleased to announce the completion of an agreement with Mesco Gold Ltd. (“Mesco”) for the

payment of Mesco’s final tranche of their USD $1.9 million obligation under a previous Agreement of

Purchase and Sale for Mineral Rights to the Phum Syarung Prospect.

Under the previously reported Agreement of Purchase and Sale for Mineral Rights to the Phum Syarung

Prospect agreement dated May 5, 2016 , Mesco has already paid to Angkor USD $1.4 million, with a final

payment of USD $500,000 due following the issuance of a mining license to Mesco. The initial mining

license for the Phum Syarung Prospect was granted last year , and Mesco, under the new amendment to

the original agreement will now pay to Angkor the $500,000 in instalments. The first payment of USD

$50,000 will be made by Mesco on or before March 25 th, with additional payments of USD $30,000 every

three months until the USD $500,000 is retired or the earlier of an amended mining license being issu ed or

Mesco begins to process ore at Phum Syarung.

There is no other change to the original agree ment between Angkor and Mesco. A ngkor retains a 2.0% to

7.5% sliding scale Net Smelter Return (NSR) on future production at Phum Syar ung based on the price of

gold.

ABOUT ANGKOR GOLD CORP.

Angkor Gold Corp. is a p ublic company listed on the TSX Venture Exchange and is Cambodia’s premier

mineral explorer with a significantly 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 contained herein may constitute “forward -looking

information.” In particular references to the private placement and future work programs o r 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 awar e 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, wh ether as a result of new information,

future events or otherwise.