Angkor Resources' Subsidiary Identifies Drill Targets On Block VIII Oil & Gas, Cambodia

(TheNewswire)

GRANDE PRAIRIE, ALBERTA (January 21,2026) – TheNewswire- ANGKOR RESOURCES CORP.(TSXV: ANK) (“ANGKOR” OR “THE COMPANY”) announces its energy subsidiary, Enercam Resources CambodiaCo. Ltd. (“EnerCam”) has identified fourdrill targets across Block VIII for exploratory oil and gas wells,based on final interpretation of the seismic program.

EnerCam’s technical team has completed itsinterpretation of the processed seismic data that was shot across350-line kilometres and four subbasins of South, Central, and NorthBokor on the west side of Block VIII and included the Kirirom subbasin(formerly called the Mussel Basin) in the northeast corner of the 4095square kilometre license area.

Dr. David Johnson, Qualified Professional for AngkorResources commented, “to find an undrilled fold-belt, with multipleanticlines of these sizes, each with four-way closures isexceptionally rare. It’s like being in Wyoming in the early years ofsurface geology driven exploration, but we have great seismic todefine multiple potential traps, in a basin with clear analogs to theproducing Nam Phong and Sinphuhorn fields of the KhoratBasin.”

Structural traps in the Bokor sub-basins are found in anorth-south trend of multiple large, elongated anticlines along theleading edge of a fold belt.    Four-way closures covering 10’s ofsquare kilometers have been seismically mapped with the followingresults:

• South Bokor having a mean area of 57 square kilometres, 

• Central Bokor having a mean area of 54 squarekilometres, 

• North Bokor having a mean area of 100 squarekilometres.  

In addition, a stratigraphic trap with an estimatedarea of 28 square kilometers is present in the Kirirom subbasin.

In all three of the Bokor structures, the primary trapsare expected to be found in the gently folded seals and reservoirsadjacent to one of two major changes in the sedimentary section knownas angular unconformities. In addition, we recognize that secondarytraps may exist in sections below, between, and above the primarytraps being targeted. As such, each well has the potential to findmultiple gas or oil accumulations.

The next step in advancing the project is to tender andundertake an Environmental Impact Assessment (‘Assessment’) on theareas targeted for drilling.  

The Boker South, Central, and North structures, as partof the basin systems evolving on the IndoChina plate (Khorat, KampongSom), bear a striking resemblance to traps of the Khorat basin, wherethe Nam Phong and Sinphuhorn fields, located north into Thailand,produced significant amounts of gas over the past 20 years.  

The possibility for multiple sources exists within theBokor and Kirirom subbasins. The drill targets could potentially havegas or oil, and only drilling will prove what a reservoir may hold.  Drilling is planned to test the two primary objectives in each of theBokor basin wells. These wells may exceed 3000metres depth in order to evaluate the two prospective zones in eachhole.   The teams of up to eight geoscientists and professionalscontinue to work on fine tuning the interpretation and definition ofthe drill target stratigraphy, where possible.      

The map below identifies the drill targets with yellowstars and the seismic lines as red lines.   The upper right prospectis the Kirirom subbasin and the west side locates North, central, andSouth Bokor subbasins, each having anticline structures of significantsize and clear four-way closure.

 
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The Company alsoannounces that it has granted 250,000 stock options to acquire thesame number of common shares of the Company to consultants assistingwith business development.  The options are at a price of $0.35 pershare and having a term of 12 months. The options were grantedpursuant to the Company’s Stock Option Plan as approved by theShareholders at the meeting in 2025 and are subject to the terms ofthe applicable grant agreements and the requirements of the TSXVenture Exchange.

Options are issued in accordance with the policies ofthe Company and are subject to approval of the TSX-V Exchange.

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 Companylooks to identify drill targets and advance to drilling Cambodia’sfirst onshore oil & gas exploratory wells shortly thereafter.

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.?

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Certain information set forth in thisnews release may contain forward-looking statements that involvesubstantial known and unknown risks and uncertainties. Theseforward-looking statements are subject to numerous risks anduncertainties, certain of which are beyond the control of the Company,including, but not limited to the potential for gold and/or otherminerals at any of the Company’s properties, the prospective natureof any claims comprising the Company’s property interests, the impact of generaleconomic conditions, industry conditions, dependence upon regulatoryapprovals, uncertainty of sample results, timing and resultsof future exploration, andthe 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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