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.