🕐13.02.12 - 23:27 Uhr

ANGKOR GOLD RETURNS ENCOURAGING RESULTS FROM BORDER PROSPECT DIAMOND DRILL PROGRAM



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Angkor Gold Returns Encouraging Results from
Border Prospect Diamond Drill Program

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By  Nathan  Pearson
Monday, February 13th  2011

World-class exploration company, Angkor Gold Corp. (TSX-V:ANK), recently received promising assay results from its Border prospect drill program in Cambodia, hot on the heels of the companies October 2011 findings of a copper-gold porphyry system at the Okalla prospect.

Drilling began on Nov. 18, 2011, aimed primarily at the Border North Vein System. Says Mike Weeks, President and CEO of Angkor: "we are thrilled to be moving forward with our Border prospect and building upon the results of the extensive exploration work we have completed at this prospect over the past two years. This drill program ties in with Angkors philosophy of putting as much money as possible into the ground, employing local businesses, and advancing several of our outstanding Cambodian gold projects simultaneously."

Highlights:

Assay results of 34.29g/t Au returned from first round drilling; averaged to 10.3g/t over 1.2m Assays received for 5 of the first 9 diamond drill holes Surface grab samples taken in December 2011 recorded gold values up to 13.7 g/t Au Drill program ongoing

Border Prospect Drill Program
The Border Prospect drill program, located on Oyadao tenement in Ratanakiri Province, Cambodia has been a major focus of Angkors exploration over the past 2 years. Previously the central vein system was targeted, showing some modest grades over good thicknesses: the current program is aimed primarily at the north vein.

Assay results show that mineralization is contained in a structurally controlled, shear bounded, steeply dipping, narrow, quartz-carbonate vein system. The higher gold values is associated with polymetallic, sulphide-rich (pyrite-sphalerite-galena-chalcopyrite) quartz veins over a mineralized strike of at least 600m. A further 6 to 11 holes still to be drilled within this program. Following the completion of these holes, an additional 2 holes will be drilled on the Border Central prospect, from which recent grab samples returned a value of 13.70g/t Au.

A further 5 holes will test new targets outlined by the soil geochemistry survey completed last season on Border South prospect A pilot surface EM survey is currently testing this large multi-element geochemical anomaly Artisanal mining on the north vein has followed a robust quartz vein system over a strike length well in excess of 500m with additional discontinuous gopher-hole diggings and grubbing that continue to the west to give a strike length of greater than 1200m. The workings are narrow, seldom exceeding 1.5m in width, and generally comprise unprotected, unsupported open underhand stopes that have clearly been blasted into competent fresh country rock. One of Angkors diamond drill holes intersected one such stope. Based on the artisanal workings, there is a potential strike length of 1200m to the north vein system, about a metre in thickness, to a depth of at least 30m. There is also an indication of some freegold associated with silver, lead, zinc and copper sulphides.

Okalla Prospect Drill Program
The latest success at Border prospect is no surprise after Angkors positive results at its Okalla prospect, Banlung tenement, also located in Ratanakiri province. In October, 2011 Angkor announced that two of its 27 diamond drill holes - drilled to investigate the alteration zone in a diorite that is associated with a �C zone soil geochemical gold-copper-molybdenum anomaly on the prospect - had revealed a large copper-gold porphyry system (porphyry deposits are crystallized rock containing copper, gold and other metals and are a boon to mining and exploration because they can be worked on a large scale at low cost).

The best results were the 26th hole returning 0.085% Cu, 0.55 g/t Au over 95m and 0.074% Cu, 0.23 g/t Au over 80.3m and the 27th hole returning 0.082% Cu, 0.20 g/t Au over 132.8m - enough to put broad smiles on the faces of Angkors stakeholders.

A Lucrative Investment Opportunity
Angkor is a leader in its field, and as such, knows a good opportunity when it sees one. For this successful exploration operation, the up-and-coming Kingdom of Cambodia has proven a worthwhile investment. A relative new-comer on the world mining and exploration stage, Cambodia is just realizing its own potential, barely having scratched the surface of its resources, including gold, silver, copper, bauxite, coal, lead, zinc, oil and gas. Additionally, Cambodia is beginning to experience a boom in tourism, manufacturing, real estate development, banking, finance, and agriculture. It is for these reasons that the country is fast becoming one of the most lucrative investment opportunities available, resulting in capital pouring in from around the globe.

Commitment to Local Development
Angkor fervently believes that true success is only present when mutual benefit has been achieved. The business success that Angkor enjoys is under-pinned by a spirit of prosperity for all, and the company invests heavily in local health and welfare programs to enhance the lives of surrounding communities. Throughout Mike Weeks extensive, 14 years experience in negotiating with governments in developing countries, implementing natural resource concessions, Weeks has been instrumental in implementing training programs for local labour force development and professional accreditation, as well as making significant strides in self-sustaining community growth and enhancement. On site, Angkor provides a commitment to safe and fair work practices and good stewardship of the land. Hundreds of jobs, both direct and indirect, have been created, and employees earnings trickle steadily into the local economy. Offsite, Angkor provides clean drinking water, medical aid and education for both children and adults.

About Angkor
Angkor Gold Corporation is a world-class private exploration company that has taken an aggressive property landholding in South East Asia.

What sets ANK apart from every other Jr. Mining company is that it is the only North American publicly-listed company with mining assets in Cambodia. Cambodia is the last great, unexplored frontier on the globe and Canadian Jr. Angkor Gold has first position and lands exceeding 2660 kms. Cambodia has been largely underdeveloped, and ANK was in early, undertook aggressive exploration and is on the verge of a resource explosion in a country that is business friendly, democratic, and pleased to deal with a company like Angkor.

The company holds seven tenements spanning 2666km2, and is currently the second largest landholder in Cambodia. Angkors primary focus is gold and copper, and over the past two and half years the company has been aggressively exploring their landholding, drilling some 9373 metres of NQ core in 84 holes.

Angkor is a company with a conscience and makes it their top priority to secure the cleanest, most environmentally sound methods of exploring for resources while adding value to the lives of Cambodians. Angkor endeavours to set exemplary standards with regard to day to day business, the environment, labour force, and local community.

Management Team
Angkors management team has collectively built, sold and managed several companies from the financial sector, oilfield and mining industry, sharing a wealth of business knowledge and insight into the world of exploration.

Mike Weeks wears the proverbial hats of CEO and Director. He boasts 25 years of experience in project management of power generation and petroleum-related industries. He has an engineering background and holds a First Class Power Engineering Certificate. Mike has managed large projects in Canada, Africa and Europe, constructing and managing several large production facilities in North Africa. Mike was, and continues as a founding director of a petroleum training company as well as two financial service companies.

V.P. Exploration and Director is Adrian G. Mann, Ph.D., M.B.A., P. Geol.,

Dr. Mann has been self-employed as owner of Ruthrie Enterprises Ltd., a private mineral exploration and mine development company in Calgary, Alberta, since October 1989. . Mann was a Director of Copper Fox Metals Corporation (TSX- V:CUU) from 2005 to November 2009. Since graduation, Dr. Mann has worked extensively in both production and exploration geology in much of southern African, South, Central and North America and parts of Asia, including Cambodia, Mongolia and Russia.

Guillermo Salazar, M.A. (Econ. Geol.), P.Eng, P.Geol., Independent Director, is the former President and CEO of Copper Fox Metals Inc. and a member of the Mexican acquisitions team for Almaden Resources Corporation. Guillermo is also the President of G. Salazar & Associates Ltd. In his capacity of Professional Engineer and Geologist, he has evaluated hundreds of mineral exploration projects in North, Central and South America.

Stuart Ross, Independent Director, is the President and CEO of El Tigre Silver Corp. (TSX-V:ELS) and the President and Director of J&S Ross Consulting Inc. For the last 25 years, Stuart has assisted public companies listed on the TSX Venture exchange and the NASDAQ exchange. Stuart has held various senior positions including President, CEO, CFO and Executive Vice President within various sectors of industry including, mining, beverage production and distribution, medical services, industrial fabrication and merchant banking.

Terry Mereniuk, B.Com, C.A., C.M.C., Independent Director, has been a Director and CFO of several public and private companies. He has owned and operated his own accounting firm for 9 years. Terry obtained a Bachelor of Commerce (with distinction) from the University of Alberta in 1981. He has been a Certified Management Consultant since June 1988 and a Chartered Accountant since December 1983. Terry was director and CFO of Wescorp Energy Inc., an OTC Bulletin Board listed company from 2003 to 2009, and is currently a director of Roadking Travel Centres Inc., a Venture exchange listed company.

Other members of this exemplary team include Jonathan Ronkai: CFO, Don Erno: Corporate Secretary, Scott Donahue: V. P. of Corporate Affairs and John- Paul Dau: Country Manager.

Looking Ahead
With a mandate to provide value to their shareholders while adhering to their business philosophy of ethical conduct and a pursuit of humanitarian commitments in Southeast Asia, Angkor delivers a sound investment opportunity with a conscience.

At a share price of 35 and a half cents as of February 8th, Angkor offers great value for those looking to take advantage of the burgeoning mining and exploration sector in up-and-coming Cambodia. Paired with the encouraging recent assay results from its Border prospect drill program, Angkor looks to be a sound investment with a bright future.

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