Angkor Resources

Investor Insight

Angkor Resources is advancing Cambodia’s first onshore oil and gas exploration program at Block VIII, where seismic has been completed and multiple drill targets identified. The company is further supported by copper-gold discoveries in Cambodia, providing diversification in major global commodities while mitigating risk for shareholders.

Company Highlights

• Block VIII – First Onshore Oil & Gas License: 4,095 sq km concession under a 30-year production sharing contract; seismic completed (~350 line-km) with multiple drill targets defined.
• Hydrocarbon Indicators Confirmed: More than 21 oil seeps mapped and tested, confirming surface hydrocarbons, with gas showings identified across the block.
• Copper-Gold Discovery: Andong Bor hosts a confirmed copper-gold porphyry system, at .53% Cu equivalent, 286 meters of mineralization at Thmei North in the most recent drill hole, and pending further drilling to expand the size of mineralization.
• District-Scale Mineral Portfolio: Andong Bor (~100.28 sq km) and Andong Meas host multiple copper-gold and epithermal gold targets.
• Established Cambodia Presence: Active in-country for over 15 years with government and community partnerships; recognized for ESG and sustainability initiatives.
• Aligned Ownership: 40 percent of shares held by insiders.
• Strong and Experienced Management Team: Led by CEO Delayne Weeks and President Mike Weeks, the team brings decades of experience across oil and gas, mining, and international project development. Their track record includes advancing resource projects globally, negotiating government agreements, and leading operations across North America, Europe, Africa, and Asia, underpinning Angkor’s execution across both energy and mineral assets.

Overview

Angkor Resources (TSXV:ANK) is a Canadian-listed company focused on energy and mineral development in Cambodia, supported by producing oil assets in Canada

The company’s primary energy focus is Block VIII, a 4,095 sq km onshore oil and gas concession governed by a 30-year production sharing contract covering exploration through production. Seismic acquisition totaling approximately 350 line-kilometers has been completed, with interpretation identifying multiple structural drill targets, including anticline features associated with hydrocarbon accumulation. These drill targets have four-way closure; they are extremely large 45-80 square kilometres each, and have been designed with multiple ‘pay zone’ potential in each drill hole.

In parallel, Angkor holds a portfolio of copper and gold licenses in Cambodia, including Andong Bor and Andong Meas. Exploration has confirmed a copper-gold porphyry system and identified multiple mineralized zones, positioning the company within a largely underexplored mineral belt.

The management team is led by CEO Delayne Weeks, recognized at the United Nations for her ESG commitment, alongside executives with decades of expertise in both international oil and gas (Mike Weeks, David Johnson, Keith Edwards, and Justin Snelling) and mineral exploration (Dennis Ouellette). With a strong vested interest from management and insider ownership, the team is highly aligned with long-term shareholder value creation.

Key Projects

Block VIII – Onshore Oil & Gas (Cambodia)

Block VIII covers approximately 4,095 sq km and represents Cambodia’s first onshore oil and gas license. The concession is governed by a 30-year production sharing agreement that includes rights from exploration through development and production.

Geological work has identified a fold belt with multiple anticline structures, supported by field observations of more than 21 oil seeps, which have been tested and confirmed to contain hydrocarbons. Gas showings have also been observed across the block.

Angkor has completed approximately 350 line-km of seismic, with interpretation defining multiple drill targets, including anticline structures with four-way closure. The project is advancing toward exploratory drilling on targets.

EnerCam Exploration – Canada (Oil & Gas)

Cambodia Mineral Portfolio – Copper & Gold

Andong Bor (Copper-Gold Porphyry)

The Andong Bor license covers approximately 100.28 sq km and hosts a confirmed copper-gold porphyry system. Drilling at the Thmei North prospect intersected 286 meters of mineralization, with additional targets identified across the property.

The project includes multiple prospects, with ongoing work focused on expanding known mineralization and advancing additional targets.

Andong Meas (Gold & Copper Targets)

Andong Meas hosts epithermal gold anomalies and copper-gold porphyry targets across five identified prospects. Surface exploration has defined multiple mineralized zones across the license area. An IP (induced polarization) project across the Gossan Hills area has recently indicated strong mineralization and plans are being made to drill the prospects in the coming weeks.

The project remains at the exploration stage, with work focused on target definition and advancement toward drilling.

Management Team

Delayne Weeks – CEO

Delayne Weeks has over 25 years of experience in finance, development, and business initiatives. She has led Angkor’s operations in Cambodia and overseen the company’s expansion into energy and mineral development.

Mike Weeks – President & EVP Operations

Mike Weeks brings over 40 years of experience in oil and gas and resource projects, including international operations and government negotiations. He leads operational activities across Angkor’s energy and mineral assets.

Dennis Ouellette – VP Exploration, Minerals

Dennis Ouellette is a professional geologist with over 40 years of experience in mineral exploration. He oversees Angkor’s copper and gold exploration programs in Cambodia.