Angkor Resources Corp. announced that the Saskatchewan Ministry of Energy and Resources ("SMER") has issued an enhanced oil recovery approval for the Macklin Sparky field. The approval authorizes immediate conversion of three suspended well locations to water injection; further conversions for water injection will be authorized as needed.

Angkor and its subsidiary, EnerCam Exploration Ltd. ("EnerCam"), contribute 40% of the capital costs and operating for additional well conversions under their agreement. The waterflood approval allows for enhancing reservoir pressure support and could double the oil recovery from the field over time. The approval allows for 12 months to implement the three approved sites to be converted from suspended oil producers to water injection.

The first conversion will be underway mid-April with subsequent wells to follow. By carefully balancing reservoir injection with production, can optimize and create more sustainable production. Having own water trucks and operators are two big advantages and adding more production capability helps to improve the overall project.

The Evesham/Macklin Production Project, of which 40% was acquired by EnerCam on Dec. 12th, 2023 included the oil production from 33 vertical wells and a Gas Capture facility and all related pipelines, water disposal wells, water trucking equipment, etc.