GRANDE PRAIRIE, ALBERTA TheNewswire – January 5, 2026 – Angkor Resources Corp. (TSXV: ANK,OTC:ANKOF) (“ANGKOR” OR “THE COMPANY”) is pleased to announce that it has completed the definitive agreement (“Agreement”) with an independent party (the “Buyer”) to acquire its 40% interest in the Evesham Macklin oil and gas areas (the “Assets”) in Saskatchewan for a sale price of $4,800,000. The sale of the Assets is expected to close on January 30, 2026 (the “Closing Date”).
The assets were acquired by the Company through its wholly owned subsidiary EnerCam Exploration Ltd on December 12, 2023. and Buyer provided a loan (the “Loan”) to finance the acquisition. The outstanding amount of the loan is $3,800,000.
The agreement, which was signed on December 31, 2025, follows the original announcement of the signing of a letter of intent, Angkor Resources signs letter of intent to sell Evesham OIL PRODUCTION – Angkor Resources Corp. on December 15, 2025.
Transaction overview
The terms of the Agreement include:
(a) a non-refundable deposit of $250,000, paid on December 19, 2025;
(b) a payment of $375,000 due on the Closing Date of January 30, 2026;
(c) the balance of the Loan will be applied to the purchase price on the Closing Date;
(d) a final payment of $375,000 is due on March 1, 2026; And
(e) all profit rights and operating and capital obligations under the Assets thereafter
October 1, 2025 accrues to the Buyer.
Closing conditions
The transaction is subject to shareholder approval, which will be confirmed at the company’s annual general meeting on January 29, 2026, and is also subject to receipt of all applicable regulatory approvals from the stock exchange.
No finder’s fees were paid for the transaction.
ABOUT Angkor Resources CORPORATION
Angkor Resources Corp. is a publicly traded company, listed on the TSX-Venture Exchange (ANK) and OTCQB (ANKOF), and is a leading resource optimization company in Cambodia working on mineral and energy solutions in Canada and Cambodia.
The company’s mineral subsidiary, Angkor Gold Corp. in Cambodia, has two mineral exploration licenses in Cambodia with multiple prospects in copper and gold. Both licenses are in their first two-year renewal term.
Cambodian energy subsidiary EnerCam Resources was awarded an onshore oil and gas permit covering 7,300 square kilometers in the southwestern quadrant of Cambodia, called Block VIII. The company then removed all parks and protected areas and added 220 square kilometers, bringing the licensed area to just over 4,095 square kilometers. EnerCam is actively promoting onshore oil and gas exploration activities to achieve its mission of establishing Cambodia as an oil and gas producing nation.
Since 2022, Angkor’s Canadian subsidiary, EnerCam Exploration Ltd., has been involved in oil and gas production in Saskatchewan, Canada, with gas capture measures to reduce emissions with carbon capture activities. These activities represented a long-term commitment to environmental and social projects and cleaner energy solutions across all jurisdictions.
CONTACT: Delayne Weeks – CEO
E-mail:- info@angkorresources.com Website: Angkorsources.com Telephone: +1 (780) 831-8722
Follow @AngkorResources on , , , Instagram And .
TSX-V under ANK
OTCQB under ANKOF
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 in this press release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties beyond the Company’s control, including but not limited to the expected closing of the transaction, satisfaction of conditions, regulatory and shareholder approvals and expected payments, the potential for gold and/or other minerals at any of the Company’s properties, the future nature of any claims consisting of: the company’s real estate interests, the impact of general economic conditions, industry conditions, dependence on regulatory approvals, uncertainty of sample results, timing and results of future exploration and availability of funding.
Readers are cautioned that the assumptions used in preparing such information, although considered reasonable at the time of preparation, may prove to be inaccurate and as such undue reliance should not be placed on forward-looking statements.
Copyright (c) 2026 TheNewswire – All rights reserved.
#Angkor #Resources #signs #definitive #agreement #sell #Evesham #oil #production