Angkor Resources Drills Initial Program at Andong Bor Copper-Gold Target, Cambodia

Angkor Resources Corp. (ANK) has completed the first 1,099 metres of a planned 2,800-metre diamond drill program targeting the Thmei North copper-gold deposit within the Andong Bor licence in Cambodia. Three holes were finished in mid-July, each reaching approximately 400 metres in depth. The company plans to drill the remaining minimum 1,700 metres in early 2027, pending improved seasonal field access and the completion of crop harvesting.

According to the company, two of the three completed holes encountered good porphyry and skarn mineralization over the 400 metres drilled, with portions of the skarn described as especially well mineralized. The third hole reportedly contains a continuous run of more than 200 metres with pyrite mineralization up to 20%. Core from the program is currently being logged, photographed, and sampled, with selected intervals dispatched for assay. No assay results, copper grades, gold grades, from-to intervals, cutoff grades, compositing rules, true widths, or assay laboratory details were disclosed in the release.

Angkor Resources Corp. (ANK) issued a drilling-completion and core-logging update that does not constitute an earnings release; the financial statements provided serve only as prior-period context. The announcement contains no assays or quantified mineralized intervals, meaning it does not alter the company’s resource, deposit, or economic thesis. For a pre-resource explorer, a discovery hole or major step-out can be material, but this update focuses solely on drilling completion rather than delivering new geological data.

The company’s prior Thmei North anchor did not establish a high embedded expectation. The share price stood at approximately CAD $0.34 on March 11, 2026, when the previous drill result was reported, and the most recent close provided is CAD $0.35 on August 18, 2026. The 52-week high of CAD $0.40 was reached in January 2026, prior to the current release, and appears more closely related to broader oil and gas, financing, and corporate developments than to a high-grade copper discovery at Andong Bor.

While the release keeps the exploration story active, it does not de-risk grade, continuity, metallurgy, recovery, or project economics. The disclosure lacks the assays and QA/QC detail typically required to assign positive exploration value.

Angkor Resources Corp. is a TSX Venture-listed exploration company with mineral and energy assets in Cambodia. Its mineral subsidiary, Angkor Gold Corp. Co., Ltd., holds two mineral exploration licences: Andong Bor and Andong Meas. Andong Bor covers 100.28 square kilometres and includes the Thmei North copper-gold target, where the current 2,800-metre drill program is being conducted. Andong Meas includes copper-gold prospects such as Gossan Hills, Canada Wall, CZ Gold and Wild Boar.

The company’s energy subsidiary, EnerCam Resources Co., Ltd., holds the onshore Block VIII oil and gas licence in southwest Cambodia. Block VIII covers approximately 4,095 square kilometres and is held under a 30-year production sharing contract. EnerCam completed 350 line-kilometres of 2D seismic in 2025 and has identified drill targets in the Kirirom, South Bokor, Central Bokor and North Bokor sub-basins. No exploratory oil and gas well has yet been drilled; the company is advancing environmental approvals, contractor assessment and drilling preparation.

The company sold its Saskatchewan Evesham oil and gas interest for CAD $4.8 million, eliminating CAD $3.8 million of debt and retaining about CAD $1.0 million in net proceeds, according to earlier releases. Prior-period financial context, not disclosed in today’s release: as of the Q1-2026 reporting period, cash was CAD $696,292, total debt was CAD $4,898,796, total liabilities were CAD $5,859,012, shareholders’ equity was CAD $1,241,915, and the quarter showed a net loss of CAD $1,330,033.

The company has also announced a CAD $3.5 million financing term sheet with Sorbie Bornholm LP, structured as 14,000,000 units and monthly cash tranches over 24 months, subject to TSX Venture Exchange approval and final agreements.