GRANDE PRAIRIE, ALBERTA - April 8, 2025 (NEWMEDIAWIRE) - ANGKOR RESOURCES CORP. (TSXV: ANK) ("ANGKOR" OR "THE COMPANY") announces that management of its energy subsidiary, EnerCam Resources (Cambodia) Co. Ltd. ("EnerCam") met with and provided an update to government authorities of the General Department of Petroleum ("GDP") regarding the steps and progress of EnerCam's activities on Block VIII.
The Production Sharing Agreement ("PSA") on Block VIII is for a 30-year term with potential extensions on production levels. Included in the PSA are various checks and balances in which EnerCam as the Contractor, must inform the Ministry of Mines and Energy ("MME") of the activities it is undertaking or planning to undertake for formal approval.
The Deputy Director of GDP hosted members of the EnerCam management to receive updates on:
the EIA (Environmental Impact Assessment).
the three Bokor sub-basins on Block VIII license that are of primary interest.
the two shallower sedimentary basins on the east side of the license.
the 350-line kilometer seismic program that will start once the EIA is completed and approved.
EnerCam's plans to hire and support training of Khmer people to work in the petroleum industry in all levels that will become Cambodia's future in oil and gas.
(picture above) Deputy Director of GDP, Ms. Somaline SORN and her colleagues reviewed EnerCam's activities and plans. Providing the presentation from EnerCam were Mads Braemer Financial Manager, Mike Weeks President of EnerCam, and CEO of Angkor Resources Delayne Weeks.
EnerCam's intent is to fast-track activities to commence drilling and ensure terms of the PSA are met. The company target is to inform GDP two months in advance of each planned activity. As the technical teams and contractors of EnerCam advance on the license, Management integrates and diarizes the results of all activities. This practice supports both administrative disclosure and the approval process and thereby facilitates the continued progress of all exploration activities.
Environmental Impact Assessment
As the Environmental Impact Assessment continues across the Block VIII area, Khmer Environmental Contractors are meeting with community members, as well as carrying out water, air, and soil sampling. Seismic operations can begin upon approval of a preliminary copy of the completed Environmental Assessment by the Ministry of Environment and the GDP.
Seismic Program
Cambodia does not have any in-country seismic operators. Companies from Canada, China, and Thailand have bid on the 350-kilometer program of 2-D seismic. The bidding documents are currently in front of the MME and GDP for review and approval.
Angkor Resources Corp. has also entered into an agreement dated Apr 7, 2025, with an arm's-length marketing firm, Hillside Consulting and Media Inc., to provide digital marketing services to the company, including search engine optimization, pay-per-click, e-mail, YouTube and social media channels, to increase corporate awareness for a term of two weeks. The media disseminated will be generated using publicly available information. The company will pay Hillside a cash fee of $25,000 CAD, plus applicable taxes. Neither Hillside nor its principals hold any securities of the company.
Hillside can be contacted at 474 Main St., Penticton, B.C., V2A 5C5; or by telephone at 250-485-3615; or by e-mail at hillsideconsultingmedia@gmail.com.
ABOUT ANGKOR RESOURCES CORPORATION:
ANGKOR Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource optimizer in Cambodia working towards mineral and energy solutions across Canada and Cambodia. ANGKOR's carbon capture and gas conservation project in Saskatchewan, Canada is part of its long-term commitment to Environmental and Social projects and cleaner energy solutions across expanding jurisdictions. The company's mineral subsidiary, Angkor Gold Corp. in Cambodia holds three mineral exploration licenses in Cambodia and its Cambodian energy subsidiary, EnerCam Resources, was granted an onshore oil and gas license of 3729 square kilometers in the southwest quadrant of Cambodia called Block VIII. Since 2022, Angkor's Canadian subsidiary, EnerCam Exploration Ltd., has been involved in gas/carbon capture and oil and gas production in Evesham, Saskatchewan.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to the potential for gold and/or other minerals at any of the Company's properties, the prospective nature of any claims comprising the Company's property interests, the impact of general economic conditions, industry conditions, dependence upon regulatory approvals, uncertainty of sample results, timing and results of future exploration, and the availability of financing. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.
