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Angkor Resources Defines Drill Targets ON Wild Boar Prospect

Exploration Programs

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ANGKOR RESOURCES DEFINES DRILL TARGETS ON WILD

BOAR PROSPECT

GRANDE PRAIRIE, ALBERTA (October 18, 2023)

Angkor Resources Corp. (TSXV: ANK and OTCQB: ANKOF) (“Angkor” or the “Company”) announces

drill targets defined on the Wild Boar gold prospect. A drilling program is planned to start in early

December after rains sufficiently subside.

Dennis Ouellette, VP Exploration summarizes, “Very solid assay results indicate a large anomoly across

an area roughly 2 kilometres long by 1.5 kilometres wide. Grab samples from the geophysical anomaly

shown on the map below clearly defines a north-south target for a drill program in the coming months.”

Ouellette continues, “The low sulphidation model of epithermal veins have an increase in sulphide

content with depth and growing proximity to the ‘boiling, breccia area’ which usually hosts high grade

‘bonanza’ styles of gold mineralization. The Wild Boar target area shows an increase in chargeability

below 185 meters. Drilling through the thin resistive zones at depth should prove the deposit model.”

The Wild Boar is an epithermal gold target of the low sulphidation variety. An induced polarization

survey was completed over the main target area. The survey revealed two thin, north to south trending

zones of moderate resistivity with zones of low to moderate chargeability on their east and west flanks.

The chargeability anomaly increases in intensity with depth. This profile is consistent with epithermal

veins or vein swarms within a silica altered zone with possible pyrite altered areas on the flanks. A

deep trenching program followed in the concentrated map areas between lines 6 and lines 9 to provide

more data and analysis.

Figure 1 left Trenching and Sampling at Wild Boar

Figure 2 below During wet season, samples are laid out during

sunny periods to dry before analysis

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QUALIFIED PERSON:

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 on site and has reviewed and approved the

technical disclosure in this document.

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 Canada and Cambodia. Angkor’s

carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to

Environmental and Social projects and cleaner energy solutions across expanding jurisdictions. The company holds

three mineral exploration licenses in Cambodia and its subsidiary, EnerCam Resources, was granted an onshore oil

and gas license of 7300 square kilometers in the southwest quadrant of Cambodia.

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 de fined in the policies

of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. 

Certain information set forth in this news release may contain forward-looking statements that involve substantial known and

unknown risks and uncertainties. These forward -looking statements are subject to numerous risks and uncertainties, certain

of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at

any of the Company’s properties, the prospective nature of any claims comprising the Company’s property interests, the impact

of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results,

timing and results of future exploration, and the availability of financing. Readers are cautioned that the assumptions used in

the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise

and, as such, undue reliance should not be placed on forward-looking statements.