Angkor Gold and Renaissance Minerals Receive Government Approval For The Koan Nheak Joint Exploration Agreement

Sexsmith,  AB,  (Sept.  20,  2017):  Angkor  Gold  Corp.  (TSXV:  ANK  and  OTC:  ANKOF)  (“Angkor”  or  “the   Company”)   CEO   Mike   Weeks   is   pleased   to   announce   that   Angkor   has   received   the   approval   of   the Cambodian   Ministry   of   Mines   and   Energy   to   proceed   with   its   joint   project   with   Renaissance   Minerals (Cambodia)   Ltd   (“Renaissance”)  on   Angkor’s   wholly-­owned   Koan   Nheak   property.   The   approval   of   the Cambodian  Ministry  of  Mines  and  Energy  (“MME”)  clears  the  way  for  Angkor  and  Renaissance  to  proceed with  their  joint  exploration  plans  of  Koan  Nheak  under  their  Definitive  Earn-­In  Agreement  (the  Agreement) announced  July  12,  2017.

Renaissance  Minerals  (Cambodia)  Ltd  is  a  subsidiary  of  Emerald  Resources  NL  (ASX:  EMR)  (“Emerald”), an  established  Australian  mining  company  operating  in  Cambodia  through  Renaissance.  Renaissance  is currently  working  through  the  final  permitting  process  on  their  Okvau  Gold  deposit  located  approximately 60  kilometres  from  the  southern  edge  of  Angkor’s  Koan  Nheak  license.

With  Cambodian  government  approval,  Angkor  and  Renaissance  will  immediately  begin  planning  the  next stage   of   intensive   exploration   at   Koan   Nheak.   The   terms   of   the   Agreement   between   Angkor   and Renaissance  include  a  total  investment  by  Renaissance  of  $2  million  USD  in  exploration  and  development expenditures  plus  a  $200,000  USD  cash  payment  to  Angkor  by  Renaissance  over  a  2-­year  period  for  them to  acquire  a  51%  participating  interest  in  the  Koan  Nheak  license.

Upon   completion   of   the   initial   earn-­in   option,   Renaissance   has   the   right   to   acquire   an   additional   29% participating  interest  in  the  license  with  the  commissioning,  and  completion,  of  a  Definitive  Feasibility  Study. After  that,  Angkor  will  maintain  a  20%  participating  interest  in  the  property,  or  at  Angkor’s  discretion,  can convert  to  a  3.5%  Net  Smelter  Return  (“NSR”)  on  all  metals.    Renaissance  will  be  the  operator  on  the  project throughout.

Angkor’s  Koan  Nheak  Licence  lies  immediately  south  of  the  town  of  the  same  name  in  the  northeast  of Mondulkiri   Province.   It   covers   three   prospects   of   interest:   Peacock,   East   Ring   and   Straddle.   Zones   of abundant  sulphide-­rich  quartz  vein  float  were  observed  on  Peacock,  which  previously  reported  a  field  grab sample  assay  value  of  greater  than  33.2  g/t  Au.  Grab  samples  are  selective  samples  and  are  not  necessarily representative  of  the  mineralization  hosted  on  the  property.  No  drilling  has  been  previously  undertaken  at Koan  Nheak.

Dennis  Ouellette,  B.Sc,  P.Geol.,  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”),  is  the  Company’s  Exploration  Manager  and  has  reviewed  and  approved  the  technical  disclosure  in this  document.

ABOUT  ANGKOR  GOLD  CORP.  

ANGKOR  Gold  Corp.  is  a  public  company  listed  on  the  TSX-­Venture  Exchange  and  is  a  leading    mineral explorer  in  Cambodia  with  a  large  land  package  and  a  first-­mover  advantage  building  strong  relationships with  all  levels  of  government  and  stakeholders.

FOR  FURTHER  INFORMATION  PLEASE  CONTACT:  

ANGKOR  GOLD  CORP.  

Stephen  Burega,  Vice  President  of  Corporate  Development Telephone:  (647)  515-­3734 Email:  [email protected] Website  at:  http://www.angkorgold.ca  or  follow  us  on  Twitter  @AngkorGold.

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   of   the   statements   made   and   information   contained   herein   may   constitute   “forward-­looking information.”  In  particular  references  to  the  private  placement  and  future  work  programs  or  expectations  on the  quality  or  results  of  such  work  programs  are  subject  to  risks  associated  with  operations  on  the  property, exploration  activity  generally,  equipment  limitations  and  availability,  as  well  as  other  risks  that  we  may  not be  currently  aware  of.  Accordingly,  readers  are  advised  not  to  place  undue  reliance  on  forward-­looking information.   Except   as   required   under   applicable   securities   legislation,   the   Company   undertakes   no obligation  to  publicly  update  or  revise  forward-­looking  information,  whether  as  a  result  of  new  information, future  events  or  otherwise.

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