Angkor Resources Announces Closing of Evesham Oil and Gas Sale

(TheNewswire)

GRANDE PRAIRIE, ALBERTA –TheNewswire - March 6, 2026 - ANGKOR RESOURCES CORP.(TSXV: ANK) (“ANGKOR” OR “THE COMPANY”)  announces the completion of allfinal payments and closing of the sale of its 40% participatinginterest (the “Assets”) in the Evesham Macklin oil and gas landsin Saskatchewan. The transaction has received conditional approvalfrom the TSX Venture Exchange.

As previously announced (ANGKOR RESOURCES SIGNS DEFINITIVEAGREEMENT TO SELL EVESHAM OIL PRODUCTION - Angkor ResourcesCorp,) January 5, 2026), the Company’swholly-owned subsidiary, EnerCam Exploration Ltd. (the “Vendor”),entered into an Agreement of Purchase and Sale dated December 31, 2025(the “Agreement”) with 2196231 Alberta Ltd., an arm’s lengthparty (the “Purchaser”), for the disposition of the Assets at apurchase price of $4,800,000.

All payments under the Agreement have now been receivedand deposited into the Company’s accounts, including:

(a)  a $250,000 non-refundabledeposit paid on December 19, 2025;

(b)  a payment of $375,000 paidon January 30, 2026;

(c)  the balance of the Loan of$3,800,000, applied to the purchase price on closing;

(d)  a final payment of $375,000received on March 1, 2026; and

(e)  all profit entitlements andoperating and capital commitments under the Assets after October 1,2025 have accrued to the Purchaser.

The sale of the oil and gas assets was a strategicdecision that removed a debt of $3,800,000 off the books and providedthe Company with $1,000,000 in net proceeds. Shareholder approval forthe disposition was obtained at the Annual General and Special Meetingof Shareholders held on January 29, 2026, where over 99% of the votescast were in favour of the transaction.

Delayne Weeks, CEO, commented “We are pleased toannounce the successful closing of the Evesham disposition. Thistransaction eliminates $3,800,000 in debt and provides the Companywith additional working capital. We can now focus our resources andefforts on advancing our Cambodian onshore Block VIII oil and gasproject and our mineral exploration programs, which represent thehighest potential for growth and value creation for our shareholders. Discovering oil and gas in Cambodia as a new jurisdiction is acountry changer. It brings energy independence to the entire nation,significantly reduces the imports of hydrocarbon based energy, anddevelops a very significant sector of new skillset development andemployment opportunities.”

ABOUT ANGKOR RESOURCESCORPORATION:

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 Cambodia.  

The company’s mineral subsidiary,Angkor Gold Corp. in Cambodia holds two mineral exploration licensesin Cambodia with multiple prospects in copper and gold.  Bothlicenses are in their first two-year renewal term.    

Its Cambodian energy subsidiary, EnerCamResources, was granted an onshore oil and gas license of 7300 squarekilometres in the southwest quadrant of Cambodia called Block VIII.  The company then removed all parks and protected areas and added 220square kilometres, making the license area just over 4095 squarekilometres.  EnerCam is actively advancing oil and gas explorationactivities onshore to meet its mission to prove Cambodia as an oil andgas producing Nation.  Having completed seismic in 2025, the Companyhas identified multiple drill targets and advances an EnvironmentalImpact Assessment and drilling plans to drill Cambodia’s firstonshore oil & gas exploratory wells.

CONTACT:  DelayneWeeks - CEO

Email:-  info@angkorresources.com   Website: angkorresources.com  

Telephone: +1 (780)831-8722

Please follow @AngkorResources on,,,Instagram and.

Neither TSX VentureExchange nor its Regulation Services Provider (as that term is definedin the policies of the TSX Venture Exchange) accepts responsibilityfor the adequacy or accuracy of this release.?

_____________________________________

This release includes certain statements andinformation that may constitute forward-looking information within themeaning of applicable Canadian securities laws. Forward-lookingstatements relate to future events or future performance and reflectthe expectations or beliefs of management of the Company regardingfuture events. Generally, forward-looking statements and informationcan be identified by the use of forward-looking terminology such as"intends" or "anticipates", or variations of suchwords and phrases or statements that certain actions, events orresults "may", "could", "should","would" or "occur". This information and thesestatements, referred to herein as "forward?lookingstatements", are not historical facts, are made as of the date ofthis news release and include without limitation, statements regardingthe anticipated benefits of new leadership expertise, and theCompany's plans to develop its resources and create shareholdervalue.

In making the forward-looking statements in this newsrelease, the Company has applied certain material assumptions,including without limitation, that the Company will successfullyadvance the development of its resources and that such efforts willresult in creating shareholder value.

These forward?looking statements involve numerousrisks and uncertainties, and actual results might differ materiallyfrom results suggested in any forward-looking statements. These risksand uncertainties include, among other things, that the Company willnot advance the development of its resources and that the Company willnot create shareholder value.

Copyright (c) 2026 TheNewswire - All rights reserved.