Angkor Announces Closing of Over-Subscribed Private Placement Raising $770,000

(TheNewswire)

GRANDE PRAIRIE, AB – TheNewswire - (July 16, 2025): Angkor Resources Corp. (TSXV: ANK and OTC: ANKUR) (“Angkor” or “the Company”) is pleased to announce it has completeda non-brokered private placement  that was previously announced (Seerelease dated July 4, 2025) and will issue an a total of 4,400,001units (each a "Unit") for gross proceeds of CAD $770,000(the " Offering ").   The Units were offered at$0.175 and are comprised of one common share (each a" Common Share ") and one-half Common Share purchase warrant – eachfull Warrant exercisable to purchase a common share at 0.35 for aperiod of 24 months from the date of issuance.

The net proceeds of the Offering will be used to fundexploration activities on the Company’s exploration projects and forgeneral working capital purposes. No fees were paid in connection withthe offering.

The Common Shares will be subject to a hold period offour months and a day from their date of issuance. The PrivatePlacement remains subject to final approval from the TSX VentureExchange (" TSXV ").

Insiders of the Company participated in the Offeringand subscribed for  1,033,246 units for proceeds of $180,818. Theparticipation of the Officers & Directors in the private Offeringconstitutes a “Related Party Transaction” of the Company forpurposes of Multilateral Instrument 61-101 – Protection of MinoritySecurity Holders in Special Transactions (" MI 61-101 ") andSection 5.9 – Protection of Minority Securityholders in SpecialTransactions of the Corporate Finance Manual of the TSXV. Incompleting the Private Placement, the Company is relying uponexemptions from the formal valuation and minority shareholder approvalrequirements available under MI 61-101. The Company is exempt from theformal valuation requirement in Section 5.4 of MI 61-101 in relianceon Sections 5.5(a) and (b) of MI 61-101 as the fair market value ofthe transaction, insofar as it involves interested parties, is notmore than the 25% of the Company's market capitalization.Additionally, the Company is exempt from minority shareholder approvalrequirement in Section 5.6 of MI 61-101 in reliance on, inter alia,Section 5.7(a) as the fair market value of the transaction, insofar asit involves interested parties, is not more than the 25% of theCompany's market capitalization. The Company did not file a materialchange report 21 days prior to the expected closing date of thePrivate Placement as the details of the insider's participation in thePrivate Placement had not been finalized at the time.

The securities being offered have not been, nor willthey be, registered under the United States Securities Act and may notbe offered or sold in the United States or to, or for the account orbenefit of, U.S. persons absent registration or an applicableexemption from the registration requirements. This news release willnot constitute an offer to sell or the solicitation of an offer to buynor will there be any sale of the securities in any State in whichsuch offer, solicitation or sale would be unlawful.

Early WarningReporting

Mike Weeks

Mr. Mike Weeks (" MWeeks ",address: 51069 Twp Rd 744 Sexsmith, AB T0H 3C0), an insider andcontrol person of the Company, acquired 219,857 Common Shares underthe Private Placement. The 219,857 Common Sharesacquired by MWeeks represent under 1 % of the 189,952,528 CommonShares following the closing of the Private Placement.

Prior to the Private Placement, MWeeks held31,475,424 Common Shares, representing 17% of the outstanding CommonShares, based upon 185,569,916 Common Shares being outstandingimmediately prior to the closing of the Private Placement. MWeeks now owns 31,695,281 Common Shares, representing 16.69% of theoutstanding Common Shares on an undiluted basis, based upon189,952,528 being outstanding following the closing of the PrivatePlacement. MWeeks also holds and 1,088,889 Options.

MWeeks acquiredand intends to hold the securities for investment purposes. MWeeks ,depending on market and other conditions, may increase its beneficialownership, control or direction over the Common Shares or othersecurities of Angkor through market transactions, private agreements,treasury issuances, exercise of convertible securities or otherwise,in accordance with applicable securities regulations. Depending onmarket or other conditions, MWeeks may sell all or a portion of the CommonShares.

An early warning report with additional informationwith respect to MWeeks will be filed on SEDAR+ at www.sedarplus.ca copies of which may be obtained by contacting the personslisted below.

Delayne Weeks

Ms. Delyane Weeks (“ DWeeks ”) (address: PO Box 15 Sexsmith, AB T0H 3C0) an insiderof the Company, acquired 237,143 Common Shares under the PrivatePlacement. The 237,143 Common Shares acquired by DWeeks representunder 1% of the 189,952,528 Common Shares outstanding following theclosing of the Private Placement.

Prior to the Private Placement, DWeeks held21,142,862 Common Shares, and 1,428,571 warrants (the" Warrants ") exercisable to acquire 1,428,571 Common Shares,representing 11.4% of the outstanding Common Shares on an undilutedbasis and 12.2% on a partially diluted basis (assuming the exercise ofthe warrants), based upon 185,569,916 Common Shares being outstandingimmediately prior to the closing of the Private Placement.

DWeeks nowowns 21,380,005 Common Shares, and Warrants  (the " Warrants ")exercisable to acquire 1,547,143 Common Shares, representing 11.26% ofthe outstanding Common Shares on an undiluted basis and 11.93% on apartially diluted basis (assuming the exercise of the warrants), basedupon 189,952,528 Common Shares being outstanding following the closingof the Private Placement.

DWeeks acquiredand intends to hold the securities for investment purposes. DWeeks depending on market and other conditions, may increase itsbeneficial ownership, control or direction over the Common Shares orother securities of Angkor through market transactions, privateagreements, treasury issuances, exercise of convertible securities orotherwise, in accordance with applicable securities regulations.Depending on market or other conditions, Mr. Adamo may sell all or aportion of the Common Shares.

An early warning report with additional informationwith respect to DWeeks will be filed on SEDAR+ at www.sedarplus.ca copies of which may be obtained by contacting the personslisted below.

ABOUT ANGKOR RESOURCES CORPORATION:

ANGKOR Resources Corp. is a publiccompany, listed on the TSX-Venture Exchange, and is a leading resourceoptimizer in Cambodia working towards mineral and energy solutionsacross Canada and Cambodia. ANGKOR’s carbon capture and gas conservation project inSaskatchewan, Canada is part of its long-term commitment toEnvironmental and Social projects and cleaner energy solutions acrossexpanding jurisdictions. The company’s mineral subsidiary, Angkor Gold Corp. inCambodia holds three mineral exploration licenses in Cambodia and itsCambodian energy subsidiary, EnerCam Resources, was granted an onshoreoil and gas license of 3729 square kilometers in the southwestquadrant of Cambodia called Block VIII.  Since 2022, Angkor’sCanadian subsidiary, EnerCam Exploration Ltd., has been involved ingas/carbon capture and oil and gas production in Evesham,Saskatchewan.

CONTACT:

Delayne Weeks - CEO

Email: info@angkorresources.com Website: angkorresources.com Telephone: +1 (780) 831-8722

Please follow @AngkorResources on , , , Instagram and .

This news release includes certaininformation that may constitute forward-looking information underapplicable Canadian securities laws. Forward-looking informationincludes, but is not limited to, strategic plans, spendingcommitments, future operations, future work programs, and statementsregarding the Private Placement, including the use of proceeds raisedthereunder and TSXV approval. Forward-looking information isnecessarily based upon a number of estimates and assumptions that,while considered reasonable, are subject to known and unknown risks,uncertainties, and other factors which may cause the actual resultsand future events to differ materially from those expressed or impliedby such forward-looking information including, but not limited to:changes in national and local government, legislation, taxation,controls, regulations and political or economic developmentsin Canada and Cambodia or other countries in which the Company maycarry on business in the future; operating or technical difficultiesin connection with exploration and development activities;fluctuations in the currency markets (such as the Canadiandollar, and the U.S. dollar); risks and hazards associated with thebusiness of mineral exploration and development (includingenvironmental hazards or industrial accidents); risks relating to thecredit worthiness or financial condition of suppliers and otherparties with whom the Company does business; presence of laws andregulations that may impose restrictions on mining, including thosecurrently enacted in Argentina; employee relations; relationshipswith and claims by local communities; availability and increasingcosts associated with operational inputs and labour; the speculativenature of mineral exploration and development, including the risks ofobtaining necessary licenses, permits and approvals from governmentauthorities; business opportunities that may be presented to, orpursued by, the Company; challenges to, or difficulty in maintaining,the Company's title to properties; risks relating to the Company'sability to raise funds; fluctuations in commodity prices and thefactors identified in the Company's continuous disclosure documentsfiled on SEDAR+. There can be no assurance that such information willprove to be accurate, as actual results and future events could differmaterially from those anticipated in such information. Accordingly,readers should not place undue reliance on forward-lookinginformation. All forward-looking-information contained in this newsrelease is given as of the date hereof and is based upon the opinionsand estimates of management and information available to management asat the date hereof. The Company disclaims any intention or obligationto update or revise any forward-looking information, whether as aresult of new information, future events or otherwise, except asrequired by law.

Neither the TSXVenture Exchange nor its Regulation Services Provider (as that term isdefined in the policies of the TSX Venture Exchange) acceptsresponsibility for the adequacy or accuracy of this release.

Copyright (c) 2025 TheNewswire - All rights reserved.