ANK:CC - Angkor Announces Conversion Commitments for 100% of its Outstanding Convertible Notes

(TheNewswire)

GRANDE PRAIRIE, AB – TheNewswire - (June 13, 2022): Angkor Resources Corp.(TSXV:ANK ) and ( OTC:ANKOF) (“Angkor” or“the Company”) announces that it hasreceived commitments for conversion to equity of 100% aggregateprincipal of outstanding convertible notes (the “Notes”) intocommon stock of the Company.

Pursuant to the Conversion conditions the Company willIssue, in aggregate 4,200,000 common shares at $0.25 per share.

Delayne Weeks, CEO said: "These commitments forconversion of $1,050,000 in our notes payable helps clean up ourbalance sheet and gives us easier access and more flexibility tocapital to expand our projects over the next 12 months.  We considerthis to be an important component to advancing Angkor as it movesforward. "

As previously disclosed, insider participation in thenotes is in the amount of $500,000 and will equal a total of 2,000,000common shares.

ABOUT ANGKOR RESOURCES CORP.

Angkor Resources Corp. is a public company, listed onthe TSX-Venture Exchange, and is a leading resource optimizer inCambodia with several mineral licenses in NE quadrant of the country. The company also advances final steps of the Production SharingContract (PSC) terms for Block VIII, a 7,300 square kilometre oil andgas license in Cambodia.

CONTACT:

Delayne Weeks, CEO

Telephone: +1 (780) 831-8722

Email: da@angkorgold.ca Website: http://www.angkorresources.ca

Please follow @AngkorResources on LinkedIn , Facebook , Twitter , Instagram and YouTube .

Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term is defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this release.

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