Angkor Resources Signs Joint Exploration and Development Agreement ON Its Andong Meas License
1
ANGKOR RESOURCES SIGNS JOINT EXPLORATION AND DEVELOPMENT AGREEMENT
ON ITS ANDONG MEAS LICENSE
GRANDE PRAIRIE, ALBERTA ( July 17, 2024): ANGKOR RESOURCES CORP. (TSXV: ANK) (“ ANGKOR”)
announces that it has entered into a Joint Exploration and Development Agreement (“JEDA”) with BSN
Ratanak Sambath Co. Ltd. (“BSN”) to advance exploration to a feasibility study and application for gold
and copper production permits on its Andong Meas mineral license.
HIGHLIGHTS
▪ The Property under the JEDA , signed July 9, 2024 includes the 118 square kilometre Andong
Meas license and all mineral claims on prospects of the license, located in Ratanakiri Province.
▪ ANGKOR will receive $250,000 as $50,000 USD for signing bonus plus 12 monthly payments
starting in August 2024 of $16,667 USD to total $200,000 over 12 months .
▪ BSN shall contribute 100% of the c osts of exploration including a monthly base fee of $15,138 for
ANGKOR’s personnel, infrastructure , accommodation, vehicles, and logistics activities through
exploration .
▪ BSN will earn an 80% interest in the license with its activities and expenditures through the
exploration phase when the prospects have a bank feasibility study started. ANGKOR shall
maintain a 20% carried interest to feasibility stage and has the option to convert the interest to a
five percent (5%) Net Smelter Royalty (“NSR”) after the issuance of a mining production permit .
▪ ANGKOR and BSN shall be Co-Operators on the license and shall collaborate to combine best
technical expertise, expediting work programs, and pursuing feasibility studies towards
production permits . The first priorities for the technical teams are the Canada Wall and South
Creek area showing copper gold porphyry systems.
BSN is an associated partner company of the Vietnam Group LLC , well established in Cambodia with its
head office in Hanoi Vietnam and mining operations in Laos . The Vietnam Group is a multi-faceted
company with diverse holdings across Southeast Asia.
“We are very pleased to be working with BSN to accelerate the development o n Andong Meas. We
anticipate IP work on the porphyry systems and then drilling the Canada Wall and South Creek prospects
on the license as soon as possible ,” said Dennis Ouellette, VP Exploration of ANGKOR.” He continues,
“There are multiple drill targets for both gold and copper and our continued collaboration with the
indigenous communities has established stellar working relationships and agreements for local labour
and resources to collectively explore the licence.“
BSN sent technical personnel to the property earlier as part of due diligence and their team has
returned to Banlung provincial barracks this week to work with the ANGKOR geological team.
2
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, w as 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 defined 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.