ANGKOR Resources to Sell Saskatchewan Oil and Gas Lands

December 15, 2025 — Leads & Copy — ANGKOR Resources Corp. (TSXV: ANK) has signed a binding Letter of Intent (LOI) to sell its 40% participating interest in the Evesham Macklin oil and gas lands in Saskatchewan for $4.8 million.

The sale of the Assets is anticipated to be completed on January 31, 2026. The company acquired the assets through its subsidiary EnerCam Exploration Ltd. on December 12, 2023, with the Purchaser providing a $3.8 million loan to fund the acquisition, which will be applied to the purchase price on the closing date.

CEO Delayne Weeks said the decision follows a full analysis over the greatest value increases for shareholders in the coming 24 months. Weeks added the company will apply the net sale proceeds from the sale of the Assets directly to packaging the oil and mineral projects in Cambodia for a sale or merger opportunity and other administrative operations.

According to the terms of the LOI, a $250,000 non-refundable deposit will be payable on December 31, 2025, after expiry of the Purchaser's due diligence condition, and a payment of $375,000 is payable on the Closing Date. A final payment of $375,000, subject to adjustment, is payable on March 1, 2026. All profit entitlements and operating and capital commitments under the Assets after October 1, 2025, will accrue to the Purchaser. The parties intend to enter into a definitive asset purchase and sale agreement which shall replace the LOI and contain customary commercial terms and closing conditions and no finder’s fees were paid on the transaction.

Weeks continues, "The sale transaction will be achieved without any dilution of our stock and no commissions are payable; we can use the net sale proceeds where we most need them.

Delayne Weeks - CEO Email:- info@angkorresources.com Telephone: +1 (780) 831-8722

Source: ANGKOR Resources Corp.