Underground Sampling By Angkor At Mesco’s Phum Syarung Mine Site Yields 40.2 GPT Gold Grab Sample

Box 153, Sexsmith, Alberta, Canada, T0H 3C0

www.angkorgold.ca

Underground Sampling By Angkor

At Mesco’s Phum Syarung Mine Site Yields

40.2 GPT Gold Grab Sample

Sexsmith, AB, (June 25, 2018): Angkor Gold Corp. (TSXV: ANK and OTC: ANKOF)

(“Angkor” or “the Company”) President J.P. Dau is pleased to provide an update regarding

underground grab sample assays on material recently obtained from the Mesco mine site at Phum

Syarung.

RECENT DEVELOPMENTS

As previously reported by the Company, Angkor staff visited the Phum Syarung mine site in May

of this year to observe progress underground and advancements to the infrastructure by owner

Mesco Gold (Cambodia) Co., Ltd (“Mesco”). (See Company press release of May 23, 2018).

Angkor geologists, accompanied by a Mesco geologist, examined the stockpile of material

removed from underground development work from Incline Shaft 1 and 2.

SAMPLE COLLECTION

Mesco allowed samples of observable vein material to be collected by Angkor geologists for

analysis on two levels from Incline 1 and two samples on one level from Incline 2. In total, four

samples were collected by Angkor and analyzed by ALS Chemex.

Sample # Location Gold gpt Silver gpt Copper %

VO35651 Incline 1, Level 2 31.0 10.3 0.15

VO35652 Incline 1, Level 3 4.3 19.9 0.38

VO35653 Incline 2, Level 1 27.6 36.5 0.42

VO35654 Incline 2, Level 1 40.2 47.5 0.44

Rock chip and grab samples are selected samples and are not necessarily representative of the

mineralization hosted on the property.

Incline 1 was observed to be approximately 213.0 m in length and has become the main entrance

point for Mesco to stage their next steps of underground development. Horizontal cross-cutting

from Incline 1 on multiple levels is planned by Mesco to join the loading shaft and Incline 2. The

overall distance between the loading shaft at the northern-most point and Incline 2 at the southern-

most point is approximately 400m.

Angkor geologists hope to visit the site in the near future to collect additional in situ samples and

to learn more concerning the attitude and characteristics of the veins.

Box 153, Sexsmith, Alberta, Canada, T0H 3C0

www.angkorgold.ca

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“This knowledge will help tremendously in Angkor’s exploration of similar style veins such as the

Wild Boar and Wild Monkey occurrences on the adjacent Andong Meas tenement,” said Dennis

Ouellette, VP Exploration. “I am impressed with the high gold values returned by the underground

samples from the Mesco mine site.”

BACKGROUND

In 2013, Angkor sold a 12 km2 portion of its Oyadao South Exploration Licence, known as Phum

Syarung, to Mesco Gold (Cambodia) Co., Ltd (“Mesco”) for $1.8 million US in cas h. Angkor

retained a sliding scale Net Smelter Return interest (“NSR” or “the Royalty”) ranging from 2.0%

to 7.5% on any gold production, as well as 7.5% of the value all other metals produced. Angkor’s

only interest in Mesco’s Phum Syarung mine site is th e NSR. Environmental approvals were

granted to Mesco on August 8, 2016 and a mining license was issued to Mesco by the Cambodian

Ministry of Mines on September 6, 2016. Angkor continues to own exploration licenses for the

surrounding Oyadao South Exploration Licence and adjacent Oyadao North Exploration Licence.

NET SMELTER RETURN LINKED TO GOLD PRICE

Angkor’s Net Smelter Return is linked to the price of gold. Under the agreement with Mesco, the

NSR is a minimum of 2.0% where the gold price is less than US$1000 and increases by 0.25%

for every US$50 that the gold price exceeds US$1000, to a maximum of 7.5%. For all other

minerals the NSR is a fixed 7.5%.

“We are especially encouraged by the recent progress. These results are very good news for us,”

Dau said. “We expect this will generate significant interest in our other properties where gold is

the primary target.”

Dau also cautioned that “due to Mesco being owned and operated by Mesco Steels Limited based

in India, Mesco’s own results and reporting as to grade and project economics are not governed

by CIM definitions or North American NI 43-101 standards or requirements.”

Under Mesco’s agreement with Angkor, Mesco is not obligated to provide such data for

verification until and if any future production commences. Angkor’s only interest in Mesco’s Phum

Syarung project is as an NSR holder.

SAMPLE METHODOLOGY

Grab samples are collected as niche samples of rock material of specific style or character of

interest. A target sample weight of 3-5kg is collected for assay. Sample preparation is carried out

at a commercial off-site laboratory (ALS Phnom Penh). Gold assays are conducted at ALS

Vientiane, Laos utilising a 50 gram subsample of 85% passing 75μm pulped sample using Fire

Assay with AAS finish on an Aqua Regia digest of the lead collection button. Multi-element assay

is completed at ALS, Brisbane, Australia utilising a 4 acid digest of a 1g subsample of 85%

passing 75μm pulped sample and determination by ICP-AES or ICP-MS for lowest available

detection for the respective element. Samples are dried for a minimum of 12 hours at 105˚C.

All types of samples are prepared for assay at the NATA accredited ALS Cambodia sample

preparation facility in Phnom Penh. Field duplicates of soil samples are also collected routinely

(approx. 1 every 20 samples). This sample technique is industry norm, and is deemed appropriate

for the material.

Box 153, Sexsmith, Alberta, Canada, T0H 3C0

www.angkorgold.ca

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Industry-standard QA/QC protocols are routinely followed for all sample batches sent for assay,

which includes the insertion of commercially available pulp CRMs and pulp blanks into all batches

- usually 1 of each for every 20 field samples. Additional blanks used are home-made from barren

quarry rock. QA/QC data are routinely checked before any associated assay results are reviewed

for interpretation, and any issues or anomalies are investigated before results are released to the

market. No issues were raised with the results reported here.

All assay data, including internal and external QA/QC data and control charts of standard,

replicate and duplicate assay results, are communicated electronically.

ABOUT ANGKOR GOLD CORP.

ANGKOR Gold Corp. is a public company listed on the TSX-Venture Exchange and is a leading

mineral explorer in Cambodia with a large land package and a first-mover advantage building

strong relationships with all levels of government and stakeholders.

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 of Exploration and has reviewed and

approved the technical disclosure in this release.

On behalf of the Board,

Mike Weeks

Executive Chairman

Angkor Gold Corp.

CONTACT:

Stephen Burega, CEO

Telephone: (647) 515-3734

Email: [email protected]

Website: 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 or

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 aware 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, whether as a result of new information, future events or otherwise.

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