Angkor Resources' EnerCam Advances to Inter-Ministerial Review of Exploration Drilling Program in Block VIII, Cambodia

Angkor Resources Corp. (TSXV: ANK) announced that its planned oil and gas exploration drilling program on Block VIII in Cambodia has advanced to an inter-ministerial review, with a meeting held July 14, 2026 in Phnom Penh. The meeting is a key step in the review of the Environmental Impact Assessment (EIA) for the program.

Management of the Company’s wholly owned Cambodian energy subsidiary, EnerCam Resources Co., Ltd. (EnerCam), met with representatives of five government Ministries and three provinces to review the drilling program in detail. At the meeting, the planned drilling activities were explained with the specific preventative and proactive measures the Company will take to protect the environment and local communities during the exploratory drilling phase of the project.

More than 26 representatives from five government Ministries attended, including Ministry of Environment, Ministry of Mines and Energy, Ministry of Economy and Finance, Ministry of Interior, and Ministry of Rural Development. Green Assessment Co., Ltd., the Cambodian independent EIA consultant, presented its findings alongside EnerCam. The EIA covers the four sub-basins that host the drill targets for EnerCam’s planned four-well exploration program, which would be Cambodia’s first privately financed onshore oil and gas wells. Ahead of the meeting, officials from the General Department of Petroleum and the Ministry of Environment visited each planned drill site with local landowners and authorities.

Mike Weeks, President of EnerCam, commented: “This meeting reflects the thorough, transparent process behind the drilling program. The EIA lays out exactly how we will source and manage water and drilling fluid, keep each site safe, and restore the land if a well is not productive - all to international standards, and all done in partnership with the Ministries and the communities where we operate.”

The discussion drew on Green Assessment’s 398-page EIA report. Topics addressed included: how and where drilling fluid and water are sourced, used, stored, and cleaned throughout the process, using steel tanks and pits with impermeable liners to protect soil and groundwater; how safety is ensured before, during, and after drilling at each site, drawing on the Company’s experienced personnel and internationally recognized well-control standards (IWCF and API); what happens after a well is drilled - involving local communities at each stage, if it is a producing well, the small well site is connected by buried pipeline to a central facility; if it is not productive, the land is fully restored to its original or similar condition; and what initiatives can be taken to expand ESG (environmental, social, governance) practices to ensure the communities and local residents benefit from each activity to protect the land, water, and air quality.

Further written responses to questions will be compiled by Green Assessment over the coming weeks towards the final submission report for the Ministries to complete this process. Following completion of the report, EnerCam will move to publish its tender for the drilling contractor to complete the planned exploration wells.

Angkor Resources Corp. is a public company, listed on the TSX-Venture Exchange, and is a leading resource explorer and developer in Cambodia. The Company's mineral subsidiary, Angkor Gold Corp. Co., Ltd., currently holds two mineral exploration licenses in Cambodia with multiple prospects in copper and gold. Angkor’s Cambodian energy subsidiary, EnerCam Resources Co., Ltd., was granted an onshore oil and gas license in the southwest quadrant of Cambodia called Block VIII. The original 7,300 km² license was reduced to approximately 4,300 km² upon voluntary removal of parks and protected areas, subsequently adjusted through government remapping directed by the Ministry of Mines and Energy, and then expanded by 220 km² with the addition of the Kirirom Basin in the northeast, resulting in the current area of approximately 4,095 km². EnerCam is actively advancing oil and gas exploration activities onshore to meet its mission to prove Cambodia as a nation with its own oil and gas resources. The Company completed 2D-seismic in 2025 and has identified multiple drill targets with multiple target zones. As it has completed an additional Environmental Impact Assessment on the drilling target areas for the Ministry of Environment, the Company plans to follow with selecting a drilling contractor to complete drilling Cambodia’s first privately financed onshore exploratory oil and gas wells under a Production Sharing Contract.