Angkor Resources Signs Definitive Agreement to Sell Evesham Oil Production

(TheNewswire)

GRANDE PRAIRIE, ALBERTA –TheNewswire - January 5, 2026 - ANGKOR RESOURCES CORP.(TSXV: ANK) (“ANGKOR” OR “THE COMPANY”) is pleased to announce that it hascompleted the Definitive Agreement (“Agreement”) with anarm's length party (the "Purchaser") to sell its 40%participating interest in the Evesham Macklin oil and gas lands (the"Assets") in Saskatchewan at a sale price of $4,800,000. Thesale of the Assets is anticipated to be completed on January 30, 2026(the "Closing Date").

The Assets were acquired by the Company through itswholly owned-subsidiary EnerCam Exploration Ltd. on December 12, 2023and the Purchaser provided a loan (the "Loan") to fund theacquisition. The outstanding amount of the Loan is $3,800,000.

The Agreement, which was signed onDecember 31, 2025, follows the original announcement of the signing ofa Letter of Intent, ANGKOR RESOURCES SIGNS LETTER OF INTENTTO SELL EVESHAM OIL PRODUCTION - Angkor Resources Corp. on December 15, 2025.

Transaction Summary

The terms of the Agreement include:

(a) a $250,000 non-refundable deposit which was paid onDecember 19, 2025;

(b) a payment of $375,000 payable on the Closing Dateof January 30, 2026;

(c) the balance of the Loan will be applied to thepurchase price on the Closing Date;  

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

(e) all profit entitlements and operating and capitalcommitments under the Assets after

      October 1, 2025 shall accrue to the Purchaser.

Conditions to Closing

The transaction is subject to shareholder approvalwhich will be confirmed at the Annual General Meeting of the Companyon January 29, 2026 and is also subject to receipt of all applicableregulatory approval of the stock exchange.

No finder’s fees were paid on the transaction.

ABOUT ANGKOR RESOURCESCORPORATION

ANGKOR Resources Corp. is a publiccompany, listed on the TSX-Venture Exchange (ANK) and on OTCQB(ANKOF), and is a leading resource optimizer in Cambodia workingtowards mineral and energy solutions across Canada and 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.

Since 2022, Angkor’s Canadiansubsidiary, EnerCam Exploration Ltd., has been involved in oil and gasproduction in Saskatchewan, Canada with measures of gas capture toreduce emissions with carbon capture activities.  Those activitieswere a long-term commitment to Environmental and Social projects andcleaner energy solutions across jurisdictions.  

CONTACT:  DelayneWeeks - CEO

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

Please follow @AngkorResources on,,,Instagram and.

TSX-V under ANK

OTCQB under ANKOF

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.?

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Certain information set forth in thisnews release may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties which are beyondthe Company's control, including without limitation, anticipatedclosing of the transaction, satisfaction of conditions, regulatory andshareholder approvals and expected payments, the potential for goldand/or other minerals at any of the Company’s properties, theprospective nature of any claims comprising the Company’s property interests, the impactof general economic conditions, industry conditions, dependence uponregulatory approvals, uncertainty of sample results, timing andresults of futureexploration, and the availability of financing.

Readers are cautioned that theassumptions used in the preparation of such information, althoughconsidered reasonable at the time of preparation, may prove to beimprecise and, as such, undue reliance should not be placed onforward-looking statements.

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