Angkor Resources Announces Closing of Evesham Oil and Gas Sale
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ANGKOR RESOURCES ANNOUNCES CLOSING OF EVESHAM
OIL AND GAS SALE
GRANDE PRAIRIE, ALBERTA March 6, 2026): ANGKOR RESOURCES CORP. (TSXV: ANK)
(“ANGKOR” OR “THE COMPANY”) announces the completion of all final payments and closing of the sale of
its 40% participating interest (the “Assets”) in the Evesham Macklin oil and gas lands in Saskatchewan. The
transaction has received conditional approval from the TSX Venture Exchange.
As previously announced ( ANGKOR RESOURCES SIGNS DEFINITIVE AGREEMENT TO SELL
EVESHAM OIL PRODUCTION - Angkor Resources Corp,) January 5, 2026), the Company’s wholly-owned
subsidiary, EnerCam Exploration Ltd. (the “Vendor”), entered into an Agreement of Purchase and Sale dated
December 31, 2025 (the “Agreement”) with 2196231 Alberta Ltd., an arm’s length party (the “Purchaser”), for the
disposition of the Assets at a purchase price of $4,800,000.
All payments under the Agreement have now been received and deposited into the Company’s accounts, including:
(a) a $250,000 non-refundable deposit paid on December 19, 2025;
(b) a payment of $375,000 paid on January 30, 2026;
(c) the balance of the Loan of $3,800,000, applied to the purchase price on closing;
(d) a final payment of $375,000 received on March 1, 2026; and
(e) all profit entitlements and operating and capital commitments under the Assets after October 1, 2025 have
accrued to the Purchaser.
The sale of the oil and gas assets was a strategic decision that removed a debt of $3,800,000 off the books and
provided the Company with $1,000,000 in net proceeds. Shareholder approval for the disposition was obtained at the
Annual General and Special Me eting of Shareholders held on January 29, 2026, where over 99% of the votes cast
were in favour of the transaction.
Delayne Weeks, CEO, commented “We are pleased to announce the successful closing of the Evesham disposition.
This transaction eliminates $3,800,000 in debt and provides the Company with additional working capital. We can
now focus our resources and efforts on advancing our Cambodian onshore Block VIII oil and gas project and our
mineral exploration programs, which represent the highest potential for growth and value creation for our
shareholders. Discovering oil and gas in Cambodia as a new jurisdiction is a country changer. It brings energy
independence to the entire nation, significantly reduces the imports of hydrocarbon based energy, and develops a
very significant sector of new skillset development and employment opportunities.”
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 Cambodia.
The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia holds two mineral exploration licenses in
Cambodia with multiple prospects in copper and gold. Both licenses are in their first two-year renewal term.
Its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 7300 square
kilometres in the southwest quadrant of Cambodia called Block VIII. The company then removed all parks and
protected areas and added 220 square kilometres, making the license area just over 4095 square kilometres. EnerCam
is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as an oil and
gas producing Nation. Having completed seismic in 2025, the Company has identified multiple drill targets and
advances an Environmental Impact Assessment and drilling plans to drill Cambodia’s first onshore oil & gas
exploratory wells.
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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.
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This release includes certain statements and information that may constitute forward-looking information within the meaning
of applicable Canadian securities laws. Forward-looking statements relate to future events or future performance and reflect
the expectations or beliefs of management of the Company regarding future events. Generally, forward- looking statements
and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations
of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur".
This information and these statements, referred to herein as "forward‐looking statements", are not historical facts, are made
as of the date of thi s news release and include without limitation, statements regarding the anticipated benefits of new
leadership expertise, and the Company's plans to develop its resources and create shareholder value.
In making the forward -looking statements in this news release, the Company has applied certain material assumptions,
including without limitation, that the Company will successfully advance the development of its resources and that such
efforts will result in creating shareholder value.
These forward‐looking statements involve numerous risks and uncertainties, and actual results might differ materially from
results suggested in any forward- looking statements. These risks and uncertainties include, among other things, that the
Company will not advance the development of its resources and that the Company will not create shareholder value.