Assays ON Rare Earth from Gossan Hills, Cambodia

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ASSAYS ON RARE EARTH FROM GOSSAN HILLS, CAMBODIA

GRANDE PRAIRIE, AB, ( Jan. 25, 2022): Angkor Resources Corp. (TSXV: ANK and OTC QB: ANKOF)

(“Angkor” or “the Company”) reports it received the first 12 assays on rare earth elements (REEs) of

surface laterite samples from Gossan Hills prospect on the 100% owned Andong Meas license.

The initial twelve assays were completed by Australian Laboratory Services (ALS) for RREs across

the Gossan Hills prospect, which is south and adjacent to the Canada Wall copper porphyry system.

The assays returned total ppm values of REEs ranging from 244 ppm – 1025 ppm total REE. Both

the sum totals and the locations are

illustrated at left and indicate that

the elevated REEs are evident over

an area exceeding a square

kilometer; nine of the 12 assayed

samples, taken as surface samples in

laterite, exceed 500 ppm REEs.

REEs and accompanying alkali and

transition metals, are complex for a

number of reasons, including the

variance in value of each type of

element, which ranges from $5.40

per kilogram for Strontium (Sr) and

$73,700 per kilogram for Cesium

(Cs). Strontium is often used in

magnets and fireworks and Cesium is

used in drilling fluids and in the

clocking components of mobile

phones and GPS systems.

Commercial viability of REEs can only

be determined after ample proof

that both sufficient grade and

tonnage are available, and the

extraction method is economic.

D Weeks, CEO comments, “We

require more data and sampling to

begin to assess commercial quantity. At this point, we are pleased with the initial indications, but

further exploration will give us more information to determine the next step.” The REE anomaly is

open to the west, south and east. A wider spaced sampling program will be conducted to

determine the extent of the target area.

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Angkor will proceed with a further grid sampling on 100 meters x 100 meters over a minimum

expanded terrain of several square kilometers to see if the elevated REE levels are consistent

throughout a greater area.

The grid sampling will consist of laterite sampling of surface material and also auger sampling to a

depth of at least 7 meters.

As well, a ground magnetic survey has been started and will likely take at least one month to

complete. The survey is being done on 100m line spacing and will cover the CW copper porphyry

target and the REE in regolith target to the south.

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 CORP.

Angkor Resources Corp. is a public company, listed on the TSX -Venture Exchange, and is a leading

resource optimizer in Cambodia with multiple licenses in NE quadrant of the country. In 2020, the

company received approval and initiated negotiations on Prod uction Sharing Contract (PSC) terms

for Block VIII, a 7,300 square kilometre oil and gas license in Cambodia.

CONTACT:

Delayne Weeks, CEO Telephone: +1 (780) 831-8722

Email: [email protected]

Website: http://www.angkorresources.ca or follow us on Twitter @AngkorResources

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the

policies of the TSX Venture Exchange) acc epts 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.