New Risk • May 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$3.1m free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$74.2m market cap, or US$54.2m). Announcement • Mar 14
Angkor Resources Corp Reports Copper Mineralization At Thmei North Prospect Angkor Resources Corp. reported results from diamond drill hole AB25-009 completed at the Thmei North copper target on the Andong Bor mineral exploration license in Cambodia. The drill hole returned copper mineralization over the entire 286.2 metres sampled, with grades increasing significantly at depth. Diamond drill hole AB25-009 was completed on July 18, 2025, to a depth of 312.2 metres. The hole was drilled near vertical and sampled continuously over 286.2 metres, returning an overall average of 1,309 parts per million (ppm) copper (0.13% Cu). Notably, copper grades increased with depth. The bottom 67.3 metres of the hole averaged 2,181 ppm copper (0.22% Cu), including a 52.6-metre interval grading 2,493 ppm copper (0.25% Cu). The hole ended in mineralization, suggesting the copper-bearing system continues at depth. The upper portion of the hole cored a medium-grained diorite — a dense, granite-like rock — to a depth of 244.9 metres. Throughout this section, the drill core contained small quartz veins carrying iron and copper minerals. At 244.9 metres, the hole crossed into hornfels, which are older sedimentary rocks that have been hardened by heat from the nearby diorite intrusion. Within the hornfels, the number of mineral-bearing veins increased significantly, and copper content rose accordingly. A second drill hole, AB25-010, was started on July 20, 2025, but was halted due to the Cambodia-Thailand border conflict in the northwest region. Safety of staff and personnel remains the Company’s top priority, and activities on the Andong Bor license are on hold until conditions allow safe resumption. Thmei North is located on relatively flat farmland and is defined by an approximately one-square-kilometre copper soil anomaly. An earlier target, Thmei South, is located roughly three kilometres to the south and was the site of a historical diamond drill hole (ABDDH16-006) completed in 2016. That hole cored diorite for the upper 135 metres, with the remaining 127 metres described as hornfels containing a stockwork of veins with copper and other sulphide minerals. The lower portion of this historical hole was never sampled. The Company will assist year-five students at the Cambodian Institute of Technology in a study of ABDDH16-006, providing additional data on the copper potential of the Thmei area and advancing the degrees of Cambodia’s future geologists. Announcement • Jan 16
Angkor Resources Corp. Announces Additional Exploration to Begin on Its Latest Gold Target, CZ Gold on the West Side of the Canada Wall Prospect Angkor Resources Corp. announced additional exploration to begin on its latest gold target, CZ Gold on the west side of the Canada Wall prospect on the Andong Meas exploration license in Ratanakiri Province, Cambodia. The CZ Gold Prospect announced previously - Angkor Resources Corp., sits atop a steep hill that has a 47-metre underground incline from the exit to the entrance, with multiple shallow channel samples from underground workings of artisanal miners. The creek directly below the area, described on the map below as 'Gold Placer-Mined Creek Draining CZ Zone', has been mined over the past rainy season and panned for 150 metres along both sides of the stream, creating a landscape of pits and piles in the creek bed draining away from CZ Gold. Angkor's mineral exploration team is initiating a large trenching, sampling, assay and analysis program running roughly perpendicular across the projected incline to surface, starting at the top of the exit area. The trench is expected to be 80 metres long and several weeks are budgeted in the timeline. Farmers are compensated for any loss or damage of cashew trees or other plantings and use of surface land. The purpose of the trenching will be to determine the geology and structure of the stockwork and its wall rocks. The Google map below indicates the planned trenching target area shown in orange. In addition to the exploration planned for the CZ Zone, plans are also underway to conduct a drill program on the Wild Boar gold prospect, an area located 3 kilometers east of the CZ target. Trenching and sampling at the Wild Boar area has led to the discovery of narrow northwest trending southwest dipping quartz veins. In the area where artisanal miners have in the past mined the upper 1.5 meters of soil, trenching has revealed an abundance of quartz vein float sitting on top of the weathered soil. The assays from the abundant quartz vein float have expanded the gold anomaly to 1.5 by 1.2 kilometers. Recent Insider Transactions Derivative • Dec 23
Vice President of Exploration exercised options to buy CA$266k worth of stock. On the 19th of December, Dennis Ouellette exercised options to buy 844k shares at a strike price of around CA$0.07, costing a total of CA$59k. This transaction amounted to 25% of their direct individual holding at the time of the trade. Since March 2025, Dennis' direct individual holding has increased from 2.34m shares to 3.37m. Company insiders have collectively bought CA$216k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Dec 02
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$1.6m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$1.6m free cash flow). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$50.5m market cap, or US$36.0m). Announcement • Nov 26
Angkor Resources Corp., Annual General Meeting, Jan 29, 2026 Angkor Resources Corp., Annual General Meeting, Jan 29, 2026. Location: british columbia, vancouver Canada New Risk • Sep 18
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Canadian stocks, typically moving 14% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Negative equity (-CA$574k). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Market cap is less than US$100m (CA$34.7m market cap, or US$25.1m). Announcement • Jul 17
Angkor Resources Corp. announced that it has received CAD 0.77 million in funding On July 16, 2025. Angkor Resources Corp. announced that it has closed the transaction. It has issued 4,400,001 units at a price of CAD 0.175 for gross proceeds of CAD 770,000.175. No fees were paid in connection with the offering. New Risk • Jun 30
New major risk - Negative shareholders equity The company has negative equity. Total equity: -CA$574k This is considered a major risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$5.8m free cash flow). Negative equity (-CA$574k). Revenue is less than US$1m. Minor Risk Market cap is less than US$100m (CA$33.6m market cap, or US$24.5m). New Risk • Apr 07
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$830k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$830k free cash flow). Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (15% average weekly change). Market cap is less than US$100m (CA$44.3m market cap, or US$31.1m). Announcement • Apr 02
Angkor Resources Corp. Appoints Dr. David Johnson to its Advisory Board ANGKOR RESOURCES CORP. announced the appoint of Dr. David Johnson to its Advisory Board. David is a geoscientist with more than 30 years of global, Canadian frontier, and Western Canadian E&P experience. In positions of progressive technical and managerial responsibility David has worked for Shell, Exxon Production Research, ExxonMobil Exploration, Husky Energy, and subsequently launched a public international start-up. Dr. Johnson has business development, operations, geoscience research, and technical E&P experience covering more than 40 petroleum provinces in Europe, Africa, Asia, and the Americas; has led the bid-round acquisition of more than 20 PSAs and ELs; and made significant discoveries, among others, in the Canadian Frontiers and South China Sea. David assisted the Kuwait Oil Company with their establishment of a new Research &Development Group, and subsequently was Adviser &Chief of Exploration Business Development with KUFPEC. David received a BSc in Geology from the University of Calgary, and a PhD in Geological Oceanography from Dalhousie University. David has a consultancy which provides geoscience and management support on exploration and production projects, and in this capacity has taken on roles from technical adviser to interim-President. David is an Adviser with CGEF, and an Adviser to Petrel Robertson Consulting Ltd. Delayne weeks, noted that With Davids extensive International and Canadian exploration and production experience as well as his extensive experience as a co-founder of public-companies, director, executive, management, technical, geoscience-research, operations and business development roles are more that thrilled to have his expertise joining team. in addition to his appointment to the Advisory Board Angkor has engaged David to serve as its Qualified Person on its oil and gas projects and will have him review and approve all technical disclosure on its projects going forward. Dr. David D. Johnson, P. Geo., is a member of The Association of Professional Engineers and Geoscientists of Alberta (APEGA #36247) and a Qualified Person (QP) as defined by National Instrument 51-101 (NI 51-101). Announcement • Mar 13
Angkor Resources Corp., Annual General Meeting, May 06, 2025 Angkor Resources Corp., Annual General Meeting, May 06, 2025. Location: vancouver Canada Recent Insider Transactions Derivative • Mar 03
Chief Executive Officer exercised options to buy CA$75k worth of stock. On the 27th of February, Delayne Weeks exercised options to buy 600k shares at a strike price of around CA$0.09, costing a total of CA$54k. This transaction amounted to 3.1% of their direct individual holding at the time of the trade. Since March 2024, Delayne's direct individual holding has decreased from 19.68m shares to 19.56m. Company insiders have collectively bought CA$194k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Jul 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$873k free cash flow). Share price has been highly volatile over the past 3 months (17% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (8.2% increase in shares outstanding). Market cap is less than US$100m (CA$21.2m market cap, or US$15.3m). New Risk • Mar 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Canadian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$985k free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 7.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (8.7% increase in shares outstanding). Market cap is less than US$100m (CA$16.6m market cap, or US$12.3m). New Risk • Dec 29
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -CA$985k This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$985k free cash flow). Earnings have declined by 7.8% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (8.9% increase in shares outstanding). Market cap is less than US$100m (CA$16.6m market cap, or US$12.5m). Announcement • Dec 02
Angkor Resources Corp. Announces Appointment of Grant T. Smith, C. Dir., CPA, CA. as Chief Financial Officer Angkor Resources Corp. announces the appointment of Grant T. Smith, C. Dir., CPA, CA. as Chief Financial Officer (CFO). Mr. Smith, who has also served on the Board of Directors of Angkor since 2018 brings substantial experience to the Company including: Over 15 years of experience as CFO of various public companies on the TSXV, Experience operating in multiple countries around the world, from Finland, to Mexico and Portugal to Cambodia, Auditing with PwC and Clearline, the latter, a firm he built that, under his direction, was a substantial IFRS contributor of CFO service in Western Canada. Angkor accepted the resignation of Benita Sauer of MNP for her services as CFO to November 29, 2023. Angkor also extends the very best wishes in all future endeavors to Ms. Sauer and her team. Announcement • Oct 19
Angkor Resources Corp. Confirms Drill Targets on Wild Boar Prospect Prospect Angkor Resources Corp. announced drill targets defined on the Wild Boar gold prospect. A drilling program is planned to start in early December after rains sufficiently subside. The Wild Boar is an epithermal gold target of the low sulphidation variety. An induced polarization survey was completed over the main target area. The survey revealed two thin, north to south trending zones of moderate resistivity with zones of low to moderate chargeability on their east and west flanks. The chargeability anomaly increases in intensity with depth. This profile is consistent with epithermal veins or vein swarms within a silica altered zone with possible pyrite altered areas on the flanks. A deep trenching program followed in the concentrated map areas between lines 6 and lines 9 to provide more data and analysis. Board Change • Oct 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. 3 highly experienced directors. Independent Director Steve Cochrane was the last director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Announcement • Sep 19
Angkor Resources Corp. announced that it has received CAD 0.2 million in funding Angkor Resources Corp closed the transaction on September 18, 2023. The company will issue 2,857,143 units at an issue price of CAD 0.007 per unit for gross proceeds of CAD 200,000.Each unit comprised of one common share and one Share purchase warrant entitling the holder to acquire one (1) Common Share at CAD 0.10 for a period three years from the date of issuance. An insider of the Company has participated in the private placement and acquired 1,428,571 units for proceeds of CAD 100,000. This private placement remains subject to the final approval of the TSX Venture Exchange. All securities issued under the placement are subject to a statutory hold period that expires on January 19, 2024. Announcement • Sep 14
Angkor Resources Corp. announced that it expects to receive CAD 0.25 million in funding Angkor Resources Corp. announced a non-brokered privateplacement of up to 3,571,428 units at CAD 0.07 per unit for gross proceeds of up to CAD 250,000 on September 13, 2023. Each unit comprises one common share in the capital of the company and one transferable common share purchase warrant. Each warrant entitles the holder to acquire one common share at CAD 0.10 for three years from the date of issuance. The transaction may include participation from directors and/or officers of the company. The completion of the offering is subject to, among other things, acceptance of the TSX Venture Exchange, and all securities issued pursuant to the offering will be subject to a four-month hold period from the date of closing. Recent Insider Transactions Derivative • Aug 10
Executive VP of Operations & Director exercised options to buy CA$123k worth of stock. On the 5th of August, Michael Weeks exercised options to buy 2m shares at a strike price of around CA$0.08, costing a total of CA$140k. This transaction amounted to 6.4% of their direct individual holding at the time of the trade. Since March 2023, Michael's direct individual holding has increased from 26.47m shares to 26.51m. Company insiders have collectively bought CA$210k more than they sold, via options and on-market transactions, in the last 12 months. New Risk • Aug 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 7.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.0m free cash flow). Shares are highly illiquid. Earnings have declined by 16% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.7m market cap, or US$9.51m). Minor Risk Shareholders have been diluted in the past year (7.2% increase in shares outstanding). Announcement • Jun 09
Angkor Reports Gas Capture Project Is Producing 500,000 Cubic Feet/Day and Creating Monthly Revenue Angkor Resources Corp. announced the operation of natural gas/carbon capture project continues to create monthly revenue, with production volumes greater than 500,000 cubic feet (500 MCF) per day at the end of May 2023 at Evesham, Saskatchewan. The Project, which was undertaken by the Company's energy subsidiary EnerCam Exploration Ltd. (EnerCam) in partnership with Saskatchewan operators, Eyehill Creek Exploration Ltd. (Eyehill), collects associated natural gas (solution gas) that is otherwise emitted into the atmosphere from oil production. Instead of the gas venting off the production tanks, the gases, which are primarily methane and ethane, are collected resulting in a reduction of greenhouse gases. Those gases are then processed; the water is removed, and product is compressed before the gas is sold into the Saskatchewan provincial sales distribution system. The Project can also add additional gas from other production wells once agreements and pipelines are in place to expand a collective capture of gases from other locations. The Project is anticipated to generate the first net positive recurring cashflow for EnerCam in late June of 2023, which will represent revenue from April. Previous production revenues were utilized to cover early operational costs upon startup in the first quarter of 2023. The Company holds a 40% interest in the net revenues of the gas production of the Project. On its Sand & Alluvial Gold project, the Company has ceased its participation in the Malaguit River environmental sand recovery project in the Philippines to streamline activities in Cambodia and Canada for energy and mineral production. New Risk • Jun 08
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: CA$12.8m (US$9.56m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-CA$2.1m free cash flow). Shares are highly illiquid. Earnings have declined by 17% per year over the past 5 years. Revenue is less than US$1m. Market cap is less than US$10m (CA$12.8m market cap, or US$9.56m). Minor Risk Shareholders have been diluted in the past year (3.5% increase in shares outstanding). Announcement • Feb 10
Angkor Resources Corp. Announces Trenching Underway to Test High Grade Gold Targets At Andong Meas Angkor Resources Corp. announced its trenching program on selected targets at Wild Boar prospect of the Andong Meas concession. Previously, flat lying quartz vein float were discovered to a depth of 1.0 meters within this Induced Polarization (IP) anomaly which grade up to 25.16 gpt Au (grams per tonne of gold). Initial assays from the Wild Boar prospect expanded the near-surface gold anomaly to 1.5 by 1.2 kilometres with up to 25.6 gpt Au from assayed vein samples on the 100%-owned Andong Meas license. The mineralization appeared in clusters with the best cluster consisting of 7 adjacent samples ranging from 5.6 gpt Au up to 25.6 gpt Au over a width of about 12 meters. The quartz vein float pieces, being resistant to weathering, are remnants of veins weathered out of the bedrock and have accumulated near surface by this action. A program consisting of three trenches totaling approximately 90 line-meters is underway. Each trench is being dug to at least 30 meters in length, 3 meters in width, and 2.6 meters deep. Although still near surface, this would allow the company to identify and evaluate grades at greater depth to potentially determine the source of the anomaly as compared to the shallow pits conducted in the past, which were limited to a depth of 1.5 meters. The follow-up trenching program, along with the ground magnetics, will be of great help to refine drill targets in Wild Boar expected to be drilled this year. The trenching targets were placed on the previously identified ground IP anomaly characterized by high resistivity flanked by moderate chargeability interpreted to be that of an intact epithermal mineralization system. Samples will be panned at Angkor facilities as part of standard analysis and a duplicate sample sent to ALS for independent assay. Announcement • Jan 12
Angkor Resources Corp. on Behalf of Its Subsidiary EnerCam Resources, Announces Activation of Its Solution Gas/Carbon Capture Project in Evesham, Saskatchewan Angkor Resources Corp. on behalf of its subsidiary EnerCam Resources, witnessed the activation of its Solution Gas/Carbon Capture Project in Evesham, Saskatchewan last week. The Project is environmentally friendly as it collects unused gases and carbon emissions from oil wells, otherwise vented to the atmosphere, and converts them into clean natural gas. The joint project between EnerCam and Eyehill Creek Exploration Ltd., collects various gases such as methane and carbon emissions from 24 oil wells across two sections (1280 acres) of farmland, all connected with underground pipelines. The product is then transported and processed into a clean, natural gas, and tied into a sales point operated by TransGas (a SaskEnergy company) and regulated by the Province of Saskatchewan. During the first weeks of operation, EnerCam aims for approximately 500,000 cubic feet (500 mcf) of captured gas per day. It is typical and responsible to deal with reduced outputs in the early stages of startup on such projects. At the current market price, even at the reduced rates, the project would generate a netback (gross price minus royalties and expenses) of $3.50 - $4.00 per mcf during this period. The team is already working on future tie ins that can be incorporated once regular production is normalized. As is, the project can accommodate 3 million cubic feet per day at current capacity. Weeks expects the project will, over time, also be eligible for carbon credit offsets. Angkor is already taking steps to research the evolving criteria for carbon credit trading and its very specific compliance requirements. Typically, data must be compiled for a period of one year before being approvals for carbon credit trading can be granted. Announcement • Dec 15
Angkor Confirms 108 Metres of 0.53% Copper Equivalent At Andong Bor, Cambodia Angkor Resources Corp. announced assays from newest copper/gold license in western Cambodia confirms a copper gold porphyry system on the Thmei North prospect with similar results on Thmei South prospect. The license is due west of Ratanakiri province and straddles two provinces, Oddar Meanchey and Banteay Meanchey. A geological team including VP Exploration, Dennis Ouellette, reviewed, logged, and assayed selected core from the license area drilled in 2016 by the previous license holders. The core was originally quarter sampled which allowed the team to select the remaining quarter core for laboratory analysis. Comparing the lithology and mineralization from the 2016 drill program, Core from two other holes drilled in the area were also examined. ABDDH16-005, a vertical hole drilled to a depth of 543 meters, is almost all potassic altered tuff and mudstone units. The feldspar porphyritic granodiorite intervals in the core contain clasts of the mineralized mudstone and are in fault contact with the mudstone suggesting that they are post mineralization. They exhibit much lower copper grades and mineralization is expressed as some chalcopyrite on dry fractures and not as primary mineralization within quartz veins as is exhibited with the dense (in places) vein and stockwork mineralization within the tuff and mudstone. A 108- metre interval from 282 to 390 metres consists of predominantly well mineralized potassic altered mudstone with a 21-metre interval of `crowded porphyry' diorite. The 108-metre interval has a copper equivalent grade of 0.53%*. ABDDH16-008 was drilled at 170 degrees or 10 degrees east of south at a dip of -50 degrees to a depth of 250 metres. This direction is the predominant mineralizing trend in Cambodia which sits between 150 to 170 degrees. As to be expected, porphyry style quartz veins trend almost straight down the core axis. The hole intersects potassic altered diorite hosting porphyry copper style mineralization near surface and continues outward (and to depth) into less mineralized (pyrite rich chalcopyrite poor) rock. A 46-metre interval from 5 to 51 metres consists of sheeted porphyritic diorite dykes intruding mudstone both of which are potassic altered and well mineralized with vein and stockwork chalcopyrite, bornite and covellite. This interval includes 4.5 metres of supergene enrichment. The 46-metre interval has a copper equivalent grade of 0.51%. These two holes were drilled at Thmei North are 300 metres apart within a copper-in-soil anomaly of about one square kilometer (>300ppm to 2100 ppm) indicating that the copper gold porphyry system has the potential to be large. The copper/gold porphyry occurrence sits within the same volcanic arc as the Phu Kham copper/gold porphyry deposit to the north in Laos. Themi South, located 1.5 kilometers south of Thmei North, had one hole drilled in 2016 (ABDDH16-06). The hole cored weak potassic alteration of porphyritic diorite and mudstone. The copper-in-soil anomaly is almost as robust as that displayed at Thmei North. Recent Insider Transactions Derivative • Jun 18
Executive VP of Operations & Director exercised options to buy CA$198k worth of stock. On the 9th of June, Michael Weeks exercised options to buy 2m shares at a strike price of around CA$0.25, costing a total of CA$450k. This transaction amounted to 7.4% of their direct individual holding at the time of the trade. Since June 2021, Michael's direct individual holding has increased from 19.17m shares to 24.46m. Company insiders have collectively bought CA$1.2m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • May 06
Angkor Resources Corp. announced that it has received CAD 0.535 million in funding Angkor Gold Corp. announced a non-brokered private placement of 4,458,333 units at a price of CAD 0.12 per unit for the gross proceeds of CAD 535,000 on May 4 2022. Each warrant will entitle the holder to acquire an additional common share at an exercise price of CAD 0.16 for a period of 24 months from the closing date of the transaction. The company may accelerate the expiry date of the warrants by giving notice to the holders thereof and in such case the warrants will expire on the 30th day after the such notice is given by the company. Of the total, approximately 916,666 units were issued to insiders of the company. The transaction is subject to TSX Venture Exchange approval. Securities issued in this transaction are subject to a hold period of four months plus one day. There are no finder's fees payable on completion of the transaction. The round was oversubscribed. Announcement • Feb 11
Angkor Resources Moves Step Closer to Energy Revenue Stream, Saskatchewan Canada Angkor Resources Corp. announced progress of the carbon /gas capture energy project in Evesham, Saskatchewan with the transport of a compressor package from Alberta to Saskatchewan. The compressor, which is being refurbished and reconditioned over the next several weeks, will have capacity to move up to three million cubic feet of gas daily. Ultimately, the project will conserve waste methane and other carbon emissions, then dewater, process, and create a cleannatural gas energy source which will be sold into the provincial energy system. In close proximity to the compressor site, there are potentially 30 wells that may be connected over the next seven months, each with varying emission levels. This energy solution is part of a restructuring of Angkor to undertake projects in the resource sector of energy and minerals that meet specific criteria including: creating a fast track to recurring cashflow, collaborating with professional teams already in place, solving a problem in the energy and mineral sector, and implementing strong ESG (environmental, social, and governance) platforms. Commissioning and start-up of the dehydration plant and compressor station with pipeline connections is targeted by May 2022. Angkor is also exploring innovative energy solutionselsewhere in Canada and in SE Asia as part of its pivotal shifts. Announcement • Feb 09
Angkor Resources Corp. Reports Mineral Research Project on Andong Meas License, Cambodia Angkor Resources Corp. reported a mineral research project being undertaken under collaboration with the highly-respected Institute of Technology of Cambodia (ITC) on the 100% owned Andong Meas license. The ITC team, made up of 10 researchers, has collaborated with Angkor to study the multiple prospects across Canada Wall, Gossan Hills, and Wild Boar. Specifically, the research team will travel from Phnom Penh to spend the better part of the week on initial field work and then follow up with significant laboratory analysis over the following months. Three women and seven men make up the research team. Angkor contributes by providing full access to each of the prospects in the field and to all the data acquired to date, including ground magnetics, soil sampling, pan concentrate analysis, diamond drilling, subsequent assays, etc. The benefits of the research include: Research will aid in understanding how close Angkor is to economic mineralization and where the Company's efforts are currently concentrated regarding the mineralized system on its Canada Wall copper porphyry. Investigating the weathered zones above the Wild Boar gold target to determine if the gold mineralization is physiochemically supergene enriched or is enriched through simple physical erosion. Providing more testing and analysis of the clays hosting rare earth elements, and use that to help define a deposit model. Using industry standard methods, the team will determine the ages of the mineralized host rocks. Age determination will allow the company to compare Canada Wall to other deposits of the same age in Southeast Asia. The technical activities and objectives of the fieldwork component are: To verify the hydrothermal alteration between remote sensing and field observations. To select fresh and altered samples in Andong Meas's prospects for petrograph thin section, XRD, and ASD analysis. To investigate physicochemical processes related to the evolution of the gossan cover and the supergene gold enrichment. The identification of mineralogical, textural and geochemical characteristics of rare earth elements along with the gossan profile. To determine the age of the Zircon UPb intrusion rocks to limit the age of the installation of the intrusion rocks and to better understand the geological history of China Wall's prospects. Announcement • Jan 26
Angkor Resources Corp. Receives the First 12 Assays on Rare Earth Elements of Surface Laterite Samples from Gossan Hills Prospect Angkor Resources Corp. received the first 12 assays on rare earth elements of surface laterite samples from Gossan Hills prospect on the 100% owned Andong Meas license. The initial twelve assays were completed by Australian Laboratory Services for RREs across the Gossan Hills prospect, which is south and adjacent to the Canada Wall copper porphyry system. The assays returned total ppm values of REEs ranging from 244 ppm 1025 ppm total REE. Both the sum totals and the locations are illustrated at left and indicate that the elevated REEs are evident over an area exceeding a square kilometer; nine of the 12 assayed samples, taken as surface samples in laterite, exceed 500 ppm REEs. REEs and accompanying alkali and transition metals, are complex for a number of reasons, including the variance in value of each type of element, which ranges from $5.40 per kilogram for Strontium and $73,700 per kilogram for Cesium . Strontium is often used in magnets and fireworks and Cesium is used in drilling fluids and in the clocking components of mobile phones and GPS systems. Commercial viability of REEs can only be determined after ample proof that both sufficient grade and tonnage are available, and the extraction method is economic. Angkor will proceed with a further grid sampling on 100 meters x 100 meters over a minimum expanded terrain of several square kilometers to see if the elevated REE levels are consistent throughout a greater area. The grid sampling will consist of laterite sampling of surface material and also auger sampling to a depth of at least 7 meters. As well, a ground magnetic survey has been started and will likely take at least one month to complete. The survey is being done on 100m line spacing and will cover the CW copper porphyry target and the REE in regolith target to the south. Announcement • Jan 19
Angkor Resources Corp. Defines Drill Targets at Wild Boar Prospect, Cambodia Angkor Resources Corp. reports advancement of the Wild Boar prospect on the Andong Meas license with analysis and interpretation, defining several drill targets. A thorough examination of the exploration data acquired over the past season's activities has been completed and drill targets have been identified over the main Wild Boar showing. Additionally, multiple mineralized zones have been delineated away from the main showing which require additional work. The maiden diamond drill program will consist of approximately 1,200 metres in ten holes. It is designed primarily to test vein-style gold mineralization over at least 800 metres of strike length. All the work was completed in collaboration with the local Jarai Indigenous communities under a joint operating agreement between Angkor and the communities. The compilation of last season's activity on Wild Boar included analysis of: 998 geochemical soil samples on west, south, and north extensions of Wild Boar. 111 rock samples. 80 test pits with 127 rock samples. 2 artisanal shafts. 15,450 metres on 18 lines of ground IP-Resistivity geophysical survey. Combined 2D/3D array IP survey. Announcement • Jan 12
Angkor Resources Corp. Advances Exploration on Canada Wall Prospect Angkor Resources Corp. announced the completion of a grid rock sampling and soil sampling program in the Canada Wall porphyry copper target within the 100%-owned Andong Meas Exploration License, Cambodia. Highlights of the Sampling Program: The rock sampling program covered an area of 4.5 square kilometers which was centered on the copper-molybdenum soil geochemical anomaly; A total of 142 rock samples were collected at 200m centers over the 4.5 square kilometers to assess the petrology of surface rocks; the rocks will be analyzed using a multi-element, low detection limit method which can help to zero in on the porphyry center; The soil sampling program was targeting coincident aeromagnetic, resistivity and IP anomalies believed to be another porphyry center which remains untested by drilling; A total of 108 soil samples were taken on a 100m center grid over a more concentrated area of the coincident multi-spectral anomaly proper using an auger drill to depth of blade resistance as deep as 5.0 meters; Company geologists have relogged core and reinterpreted the rock units to be aplite in contact with moderately potassic altered diorite with accompanying pyrite/chalcopyrite veins. Aplite formations tend to pierce the copper deposits and are common in copper porphyry systems. Announcement • Nov 24
Angkor Resources Corp. Announces an Update on Its `Industry-First, Precedent-Setting Agreement with Indigenous Jarai Communities in Ratanakiri Province Angkor Resources Corp. announced an update on its `industry-first, precedent-setting agreement with Indigenous Jarai communities in Ratanakiri province. In May 2021, Angkor completed its agreement to work with the indigenous communities in a cradle-to- grave model for mineral development on the lands of the Jarai people in Andong Meas district. The agreement covers all facets of the mineral sector, from prospecting through development, production, and reclamation and is intended to align the parties so they work in parallel as they move both community and industry projects forward. Local communities contribute the vast majority of components, supply all the labor, and all local supplies like wood, etc. Angkor's agreement calls for a collaborative approach and the Company's contributions on this project tend to range from roofing materials, cement, and furnishings for an office. As part of the ground-breaking agreement with local Indigenous People on the Andong Meas license, the Company has contributed to the building of a community/admin center. The center was identified by the community as a priority to have an administrative venue as part of its goal to acquire its land titles from the Government of Cambodia and to administer their own internal micro-finance model to community members. This community/admin center marks a starting point for the community as it protect itself from having their lands being depleted by land grabs or from misleading claims for portions of their lands unknowingly pledged by community members. The bi-lateral agreement incorporates Angkor participating in helping communities meet their needs, which includes teaching community members basic recordkeeping, filing and administrative skills that will help them acquire independence and community strength. The Andong Meas license, which is 118 square kilometres on which the Jarai people have lived for decades, also hosts Angkor's prospects of Canada Wall, Gossan Hills, Wild Boar, and South Creek. Members of the community work with the Company on the numerous exploration campaigns. Recent Insider Transactions Derivative • Nov 13
Chief Executive Officer exercised options to buy CA$63k worth of stock. On the 9th of November, Delayne Weeks exercised options to buy 700k shares at a strike price of around CA$0.075, costing a total of CA$53k. This transaction amounted to 5.6% of their direct individual holding at the time of the trade. Since December 2020, Delayne's direct individual holding has increased from 9.99m shares to 13.10m. Company insiders have collectively bought CA$377k more than they sold, via options and on-market transactions, in the last 12 months. Recent Insider Transactions Derivative • Oct 14
Executive VP of Operations & Director exercised options to buy CA$56k worth of stock. On the 8th of October, Michael Weeks exercised options to buy 700k shares at a strike price of around CA$0.075, costing a total of CA$53k. This transaction amounted to 3.4% of their direct individual holding at the time of the trade. Since December 2020, Michael's direct individual holding has increased from 18.08m shares to 20.32m. Company insiders have collectively bought CA$353k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Jul 15
Angkor Resources Corp. Announces Assays Returns 25.6 gpt Gold in Wild Boar Veins Angkor Resources Corp. announced that initial assays from the Wild Boar prospect have expanded the gold anomaly to 1.5 by 1.2 kilometres with up to 25.6 gpt (grams per tonne) Au (gold) from assayed vein samples on the 100% owned Andong Meas license. The mineralization appears in clusters with the best cluster consisting of 7 adjacent samples ranging from 5.6 gpt Au up to 25.6 gpt Au over a width of about 12 meters. Initial exploration indicated large flat veins near surface that were mapped and sampled. The first 56 assayed samples were from 120 metres of hand trenching over the area. Some of the trenches were up to 40 metres long, to follow the veins laterally. Recent Insider Transactions Derivative • Jun 26
Executive VP of Operations & Director exercised options to buy CA$45k worth of stock. On the 23rd of June, Michael Weeks exercised options to buy 899k shares at a strike price of around CA$0.07, costing a total of CA$63k. This transaction amounted to 4.9% of their direct individual holding at the time of the trade. Since September 2020, Michael's direct individual holding has increased from 17.20m shares to 18.27m. Company insiders have collectively bought CA$225k more than they sold, via options and on-market transactions, in the last 12 months. Announcement • May 21
Angkor Resources Samples Up to 32 Gram/Tonne Gold and Discovers New High-Grade Gold Zones at Andong Meas, Cambodia Angkor Resources Corp. announced its recent sampling at its 100%-owned Andong Meas high-grade gold epithermal property has returned up to 32 grams/tonne gold and it has discovered two new targets on the license While the previously announced IP program is coming to completion over the next week, and trenching continues over an area showing multiple veining at shallow depths, two additional discoveries were made north of the center of Wild Boar while mapping. Program Highlights: Mapping at the Wild Boar epithermal gold target has resulted in the discovery of two additional structures displaying silicification and quartz veining. Structure One (shown below with dotted blue ring on the right), 450 metres north of Pit Line 1 and between lines 14-16 of the IP survey, returned 32 gpt gold from a recent quartz float sample, representing the highest-grade float sample collected north of the pit lines. Structure Two (map below dotted blue ring on the left), roughly 1000 metres northwest of Pit Line 1 and between IP lines 16-18, returned 2.32 6.06 gpt of gold. Trenching in the area indicates the veins are relatively flat lying. One vein was trenched for 38 metres west to east and is now being exposed to the north for 15 metres so far and a thickness of 10 cm 30 cm. The only breaks in the vein are erosional. One sample of vein from the previous Pit program returned 7.7 gpt gold (all insitu pit samples are noted as ANK test pits). The IP close-spaced survey of 18 lines totalling 15.45 kilometres was recently completed targeting a depth of 150 metre and geology staff are reviewing the data; An additional survey of three lines totalling 3.6-line kilometres survey is currently underway and is designed to `see' to depths up to 500 m. Announcement • Jan 29
Angkor Resources Corp. Reports the Continuation of the 2021 Exploration Program with Planned Pitting and Trenching Program At the Wild Boar Prospect on Andong Meas License in Cambodia Angkor Resources Corp. reported the continuation of the company's 2021 exploration program with a planned pitting and trenching program at the Wild Boar Prospect on its 100% owned Andong Meas license in Cambodia. The planned outcome of the pitting program is to better determine the surface expression of the gold-bearing sulphide vein system to ensure better accuracy and efficiency when placing the pending diamond drill collars. The planned outcome of the pitting program is to better determine the surface expression of the gold-bearing sulphide vein system to ensure better accuracy and efficiency when placing the pending diamond drill collars. The Wild Boar Prospect is located in the southeast area of the 100%-owned Andong Meas license, and portions of the area have seen intensive artisanal workings on several subparallel epithermal veins. However, recent work by the Company has identified an area at the northern end of the gold mineralized trend which has not been mined by the local artisanal mining community nor has the company completed any drilling to date. As an update to the ongoing work program at the Peacock Prospect as part of the 100% owned Koan Nheak license, the company has completed a +500 meter drilling program and is currently processing the core, which will be sent for assaying in due course. Lastly, the company would like to announce that as part of the previously announced planned Investor Relations program, it has agreed to issue 300,000 stock options at an exercise price of $0.10 to officers of Stirling Merchant Capital. The Options vest quarterly over a period of twelve months from the date of issuance and can be exercised for a period of 3 years from the date of grant. The Consulting Agreement and the grant of Options are subject to TSX Venture Exchange approval. The Company further announces that pursuant to its 10% Rolling Stock Option Plan, it has granted options to purchase a total of 200,000 common shares, exercisable in whole or in part on or before January 26, 2024 at an exercise price of $0.10 per share. Announcement • Jan 07
Angkor Resources Corp. Begins Drilling At Angkor's 100%-Owned Peacock Gold Prospect Angkor Resources Corp. reported the start of the Company's 2021 exploration program with this initial diamond drilling campaign at the Peacock Prospect on its 100%-owned Koan Nheak license in Cambodia. The Peacock prospect mineralization was observed to be hosted in a diorite intrusive of a similar style to the sulphide mineralization of Emerald Resources' nearby Okvau Gold Deposit located approximately 53 kilometres southwest of Angkor's Koan Nheak property. It has a published JORC-compliant Ore Reserve (Probable) estimate totaling 14.26 million tonnes grading 1.98 gpt gold for 907,000 contained ounces of gold. Announcement • Jan 02
Angkor Resources Corp., Annual General Meeting, Mar 03, 2021 Angkor Resources Corp., Annual General Meeting, Mar 03, 2021. Location: Suite 1100-1111 Melville Street, Vancouver British Columbia Canada Announcement • Dec 03
Angkor Resources Corp. Completes Mapping and Sampling Program on its Andong Meas Property Angkor Resources Corp. has completed mapping and sampling program on its 100% owned Andong Meas property. Highlights: Four new epithermal anomalous gold targets have been identified by Angkor’s team around the outer rim of the previously discovered Canada Wall copper porphyry target; The anomalies appear to be similar to other structurally controlled epithermal gold occurrences identified on the Andong Meas and Oyadao North licenses; and A detailed soil sampling program by Angkor’s team has identified two new gold anomalous targets to the east and southeast of the main anomalous area at the Canada Wall (CW) prospect on the Andong Meas license. CW is a copper molybdenum porphyry occurrence with several gold anomalies surrounding it. Further gold and multi-element assay results from the soil sampling are pending. The Andong Meas License hosts the Company’s Canada Wall copper molybdenum gold porphyry system and the adjacent South Creek copper porphyry system prospect as well as several gold targets, including the Wild Boar which has seen extensive artisanal mining in the past and showed multiple surface samples with gold grade up to 70.7 gpt, and Wild Monkey that showed multiple surface samples with gold grade up to 3.93 gpt. Exploration programs were designed to re-sample the higher grade showings around Wild Boar and map and sample the quartz vein material found in Wild Monkey. Rock chip and grab samples are selected samples and are not necessarily representative of the mineralization hosted on the property. In addition to the gold bearing quartz veins, skarn alteration on the contact between granites and marbles in the area was observed. No mineralization was observed within the skarn alteration, but the presence of carbonate rocks and mineralized intrusive rocks suggests that there is the possibility of skarn mineralization in the area. Angkor maintains a rigorous sample quality control and assurance protocol, with the customary insertion of blanks and standards, cross-checking and duplicate analysis, retention of all saw-split cores and sample pulps at their gated and fenced secure facility in Banlung. Analysis for publication are all done by accredited third party laboratories, usually ALS-Chemex in Vientiane or Perth, by SFA and AAS finish for gold, or ICP-MS for base metals. In-house geochemical analysis of soil and termite mound samples are done at the Company’s Banlung laboratory by XRF for base metals and by panning for qualitative gold detection. Angkor’s QA/QC protocol requires calibration standards and blanks be inserted at a rate of 10 per 100. In addition, periodic checks are run on a selected spectrum of samples at ALS-Chemex laboratories. All soil and rock samples are submitted to ALS Mineral-Australian Laboratory Services (Cambodia) Co. Ltd. for preparation in Phnom Penh, and gold analyses are done by ALS by standard fire assay in their Vientiane laboratories. All other analyses are by Aqua Regia digestion with ICP-AES/ICP-MS (51 element ME-MS41 package) in their Australian laboratories. Initial assays use their Au-ICP22 method of standard fire assay with an ICP-Atomic emission spectrometry finish on a 50gm aliquot, which has a detection range of 0.001 to 10 g/t. Check assays use the Au-AA26 method of standard fire assay with an ICP-Atomic absorption spectrometry finish again on a 50gm aliquot, which has a detection limit of 0.01 to 100 g/t. Announcement • Nov 05
Angkor Resources Corp. Proposes 2020-21 Work Programs Angkor Resources Corp. announced its 2020/21 work program which will include surface mapping through to drilling on its 100%-owned Andong Meas license including the Wild Boar and Canada Wall prospects as well as its 100%-owned Koan Nheak license including the Peacock prospect, and Phase 2 drilling at the Mesco North extension on their Oyadao North license. The work programs will include an Induced-Polarization survey of at least 20 line-kilometers and +1,500 metres of diamond drilling to further understand the epithermal gold vein systems on two 100%-owned licenses. Angkor is planning trenching/auger/pit programs followed by detailed surface programs focusing on the mineralization at the Wild Boar and Canada Wall prospects. Once completed, a minimum of 1000 meters diamond drill program is planned to determine the size, number and character of the gold veins. A +500 meters of drilling program at the Peacock prospect will be geared towards determining the grade and size of the gold mineralized structure. The Wild Boar prospect was formally an area of intensive artisanal workings on several subparallel epithermal veins. Recent work by the Company has identified an area at the northern end of the gold mineralized trend which has not been mined by the locals. Recent float grab samples have assayed as high as 70.7 g/t Au. Proposed Program: Wild Boar work will start with hand trenching in the area where the high-grade float samples have been collected; Old artisanal pits will be cleared, mapped and sampled; A 10 line-kilometer IP survey and a ground magnetics survey will be completed at the same time; Results of these preliminary actions will determine the location of drill hole collars for the subsequent +1,000-meter drill program. Target: Previous work has identified the Canada Wall porphyry copper, molybdenum, gold system as well as placer gold in creeks in the area. Proposed Program: This exploration project on the Canada Wall prospect is designed to test for gold veins coming off the copper porphyry target. A crew is currently panning and soil sampling along the banks of creeks not previously sampled. As well, the crew will prospect several other targets around Canada Wall that have in the past produced gold from creek panning. Detailed mapping will be completed on the area to determine if the gold discovered by panning is indeed sourced from epithermal veins on the edges of the copper porphyry. Old artisanal pits will be cleaned, mapped, and sampled. If evidence of veins can be determined, a 10 line-kilometer IP survey will be designed and completed. Once IP is completed, an initial +500-meter drill program will follow. KOAN NHEAK LICENSE: The Peacock prospect is gold in veins associated with a diorite intruding near flat lying clastic sedimentary rocks. The setting is similar to Emerald Resources’ Okvau gold deposit. Emerald’s 2019 RC drilling program included 15 drill holes – ten of which intersected zones of quartz breccia with sulphide mineralization. Each of these zones confirmed the existence of a gold mineralized system with the best intersection (8.0m @ 3.61 gpt Au) being hosted by the diorite intrusive. The planned +500 meters of drilling at the Peacock prospect is geared towards determining the grade and size of the gold mineralized structure. Diamond drill core will be field logged then transported to our core processing facility in Banlung for detailed and technical logging and sampling. Angkor maintains a rigorous sample quality control and assurance protocol, with the customary insertion of blanks and standards, cross-checking and duplicate analysis, retention of all saw-split cores and sample pulps at their gated and fenced secure facility in Banlung. Analysis for publication are all done by accredited third party laboratories, usually ALS-Chemex in Vientiane or Perth, by SFA and AAS finish for gold, or ICP-MS for base metals In-house geochemical analysis of soil and termite mound samples are done at the company’s Banlung laboratory by XRF for base metals and by panning for qualitative gold detection. Angkor’s QA/QC protocol requires calibration standards and blanks be inserted at a rate of 10 per 100. In addition, periodic checks are run on a selected spectrum of samples at ALS-Chemex laboratories. All soil and rock samples are submitted to ALS Mineral-Australian Laboratory Services (Cambodia) Co. Ltd. for preparation in Phnom Penh, and gold analyses are done by ALS by standard fire assay in their Vientiane laboratories. All other analyses are by Aqua Regia digestion with ICP-AES/ICP-MS (51 element ME-MS41 package) in their Australian laboratories. Initial assays use their Au-ICP22 method of standard fire assay with an ICP-Atomic emission spectrometry finish on a 50gm aliquot, which has a detection range of 0.001 to 10 g/t. Check assays use the Au-AA26 method of standard fire assay with an ICP-Atomic absorption spectrometry finish again on a 50gm aliquot, which has a detection limit of 0.01 to 100 g/t. Dennis Ouellette, B.Sc, P.Geo., is a member of The Association of Professional Engineers and Geoscientists of Alberta (APEGA #104257) and a Qualified Person as defined by National Instrument 43-101 (“NI 43-101”). He is the Company’s VP Exploration on site and has reviewed and approved the technical disclosure in this document. 