Leveraging Cambodia’s natural wealth to build a profitable and sustainable exploration company. Angkor Gold Corp. is the first North American publicly-traded mineral exploration company in Cambodia. Our business strategy focuses on project generation and selecting strong partners to advance each of our multiple prospects towards a sustainable, recurring revenue stream.

TSXV: ANK Presentation date: January 13, 2017

www.angkorgold.ca [email protected]

DISCLAIMER This presentation is for information purposes only and does not constitute an offer to sell or a solicitation to buy the securities referred to herein, nor investment advice or an offering memorandum. This document contains forward-looking statements which reflect management’s expectations regarding the Company’s future growth, results of operations, performance and business prospects and opportunities. Wherever possible, words such as “anticipate”, “believe”, “plan”, “expect”, “intend”, and similar expressions have been used to identify these forwarded-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management. Readers are encouraged to read the Company’s public information filings which can be accessed and viewed through a link to the Company’s Canadian Securities Commissions filings via the System for Electronic Data Analysis and Retrieval (SEDAR) at www.sedar.com Forward-looking statements involve significant risks and uncertainties and involve known and unknown risks. A number of factors could cause actual results to be materially different from the results discussed in the forward-looking statements. Any forward-looking statements should be read in conjunction with the risk factors described in “Risks and Uncertainties” and the “Cautionary Statement on Forward-Looking Information” contained in the Company’s most recent MD&A filed on SEDAR. Although any forward-looking statements contained in this presentation are based upon what management believes to be reasonable assumptions, the Company cannot assure prospective purchasers that actual results will be consistent with these forward-looking statements. Any forward-looking statements are made as of the date of this presentation, and the Company assumes no obligation to update or revise such forward-looking statements to reflect new events or circumstances. The technical information in this document has been reviewed and approved by a Qualified Person as defined by National Instrument 43-101.

www.angkorgold.ca [email protected]

RELATIONSHIPS

Village Leaders

“

Ministry of Mines & Energy

Prime Minister of Cambodia

BUILDING RELATIONSHIPS AT ALL LEVELS OF GOVERNMENT

www.angkorgold.ca [email protected]

3

SHARE STRUCTURE As at December 30, 2016

Over 50% of Angkor Gold’s Shares are in close hands

104.9MM

$39.0MM

Fully Diluted

Issued  Shares

101.4MM

Op2ons

3.5MM

Warrants

0.0MM www.angkorgold.ca [email protected]

Market Cap Share Price @ $0.385 Jan. 12, 2017

4

Management

Mike Weeks CEO

John-Paul Dau VP Operations

Stephen Burega VP Corporate Development  

Stephen Lautens VP Corporate Affairs

Delayne Weeks VP CSR

Terry Mereniuk CFO (Interim)

25 years experience in project management of power generation and petroleum-related industries, 14 years negotiating with foreign governments in developing and implementing natural resource concessions.   Based in Phnom Penh, Cambodia, with 10 years experience managing various projects in the land development business and 5 years of working in the venture capital for private and publicly traded companies.   10+ years experience in management of natural resource companies. 12 years in the finance, communications, and government relations fields.   Former VP Corporate Communications of Inter-Citic Minerals Inc. and VP Business Development of The Workflow Automation Corporation. A lawyer, communications and investor relations specialist.   20 years of experience participating in international community development projects all over the world including Africa, South America, Canada and Cambodia.   Director and CFO of several public and private companies. He has owned and operated his own accounting firm for 9 years. Bachelor of Commerce (with distinction), University of Alberta and a Certified Managementwww.angkorgold.ca Consultant.   [email protected]

5

Value Drivers Strong Finances

Systematic Exploration

•  Dedicated shareholder base •  No debt and has always traded above IPO price

•  Innovative, low cost methods

Massive Land Package •  Approx 1,300 km2 - all 100% owned •  Diversified Risk No local partners on Assets Three (3) Flagship Prospects 1.  Halo 2.  CW 3.  Okalla

•  Focused on developing projects for deals Supportive Government •  30% tax rate •  3% Royalty on precious metals New reliable Infrastructure •  Roads, energy and workforce Strong Banking System •  Reliable flow of funds; cash out Founding member of CAMEC

30+ Additional Targets

www.angkorgold.ca [email protected]

7 Deals to Date Asset Sales 1) AllSol - $2.4 million USD 2) MESCO –$1.9 million USD & 7.5% NSR on sliding scale Equity Financing 3)  Tohui - $2.25 million CDN 4)  Agreement – 5% Tohui option - $1.425 million CDN 5)  Sale of NSR - $875, 000 USD with buyback clause

6

Key Milestones Since Initial Public Offering In October 2011

2012   •  Increase  ownership   from  90%  to  100%   on  original  4   licenses  (Banlung,   Banlung  North,   Oyadao,  Oyadao   South)  and   acquired  Andong   Meas  

2013   •  Border  Property   sale  for  $2.4  MM   •  Mesco  Gold   agreement  for  $1.2   MM  and  sliding   scale  NSR  on  Phum   Syarung  Project   •  Mesco  Gold   acquisi2on  of  Blue   Lizard  for  $700K  

2014   •  Tohui  private   placement  for  7.9   MM  shares  at   $0.285  per  share   for  $2.12  MM   •  Invited  to  speak  at   United  Na2ons   Forum  on  mining   and  social   responsibility  

2015  

2016  

•  $2.12  MM  raised   through  exercise  of   warrants  

•  JOGMEC  earn-­‐in   $3.0  MM  on   Oyadao  South  

•  Strategic   partnership  with   Beijing  Explo-­‐Tech   Engineering  Co.   (BETEC)  Ltd.  for   geophysical  survey   programs  on  Halo   and  CW  prospects  

•  Environmental   approval  received   for  Phum  Syarung   Mine  

•  United  Na2ons   Forum  on  mining   sustainability  

•  Agreement  with   Mesco  on  Oyadao   North  -­‐  $1.25  MM   •  Agreement  with   Blue  River  on   Banlung  License  -­‐   $3.5  MM   •  Closed  non-­‐ brokered  financing   of  $1.25  MM  at   $0.40  per  unit   •  Mesco  receives   mining  license  

www.angkorgold.ca [email protected]

7

Transaction Summary Asset Transactions •  Sale of Border Property: $2.4 MM •  Mesco Gold Agreements: $1.9 MM & 2.0% 7.5% sliding scale NSR

Equity Financings •  Tohui : $2.12 MM •  2014 Private Placement: $2.02 MM •  NSR Assignment: $875K with buyback clause •  Joint Venture 5% Option: $1.425 MM •  2015 Warrant Exercise: $2.12 MM •  2016 Private Placement: $1.0 MM

Farm-In Agreements

Signing deal with Mesco’s JK and Rita Singh

•  Mesco – Oyadao North: $1.25 MM •  Blue River – Banlung Tenement: $3.5 MM •  JOGMEC – Oyadao South: $3.0 MM

www.angkorgold.ca [email protected]

8

Strategic Partners JOGMEC

Mesco Gold (Cambodia) Co. Ltd.

•  Japan Oil, Gas and Metals National Corporation

•  Mesco Gold is a subsidiary of $4B Indian

(“JOGMEC”) is a governmental organization that

steelmaker Mesco Steel Ltd, which purchased

collaborates with governmental agencies and

the rights to develop and mine the Phum

companies globally with a view to secure stable

Syarung prospect from Angkor Gold Corp in

supplies of natural resources.

2013.

•  51% Earn-in on $3MM spend over 3 years at Oyadao

•  $1.9 MM investment at Phum Syarung and Blue

South – Otray Corridor

Lizard; Angkor retains a 2.0% - 7.5% sliding scale NSR on Phum Syarung •  $1.25 MM exploration spend on Oyadao North; Angkor maintains a 15% free-carried interest •  $500M payment due to Angkor following issuance of mining license on Phum Syarung

www.angkorgold.ca [email protected]

9

Proven Regional Geology

www.angkorgold.ca [email protected]

10

MULTIPLE PROSPECTS We focus on numerous targets and elements and advance each to partnerships.

“

PARTNERSHIPS

KEY FACT Approx 1300 km2 land portfolio

1.  Halo: Copper Porphyry – JOGMEC 2.  Okalla West: Gold Anomaly – Blue River 3.  Phum Syarung North: Gold Veins – Mesco 4.  Okalla: Gold-Copper Porphyry – Blue River

EXPLORATION TARGETS

5.  CW: Gold-Moly-Copper Porphyry 6.  Wild Monkey: Epithermal System 7.  Peacock: Au Epithermal Vein 8.  Wild Boar: Au Vein 9.  Katieng: Au-Cu Grandiorite Intrusive

www.angkorgold.ca [email protected]

11

MODERN GEOLOGY Our team is innovative and utilizes effective low cost exploration strategies.

Systematic Approach We blend modern and traditional •  •  •  •  •  •  •  •  •  •  •  •  Termite Mound Sampling Termites are effective at sampling great depths and distances. We put their hard work to work for us.

•  •  •  • 

Stream Sediment Sampling Full Spectrum ICP-MS Analyses Pan Concentrate Gold Count Satellite Geology Interpretation Aeromagnetic/Radiometric Survey Termite Mound Sampling XRF Analyses Selective Wet Chemistry & SFA General Geological Mapping Artisanal Workings Survey Rock Chip Geochemistry Ground Geophysics (Very Low Frequency Electromagnetics, Induction Potential, Radiometric, Magnetic, Self Potential, Very Low Frequency Resistivity) Detailed Geological Mapping Short Wave Infa-Red Trench Diamond Drill

www.angkorgold.ca [email protected]

Diamond Core Drilling Our best prospects advance to diamond core drilling.

12

Halo Prospect $3.0 Million Exploration Agreement With JOGMEC Mineralization: the Halo prospect is dominated by Copper and Molybdenite mineralization associated with quartz veins and veinlettes present throughout the intrusive and volcanic units. Structure: the primary target identified at Halo represents a large scale Copper anomaly covering an area of 7.25 km2 and represents large scale deposit potential. A combination of aeromagnetic and IP surveys of the prospect revealed a large high-resistivity core zone corresponding with highgrade rock sample and soil anomalies.

Sample

Copper

Molybdenum

Rock

7470* PPM

1490* PPM

Soil

754* PPM

447* PPM * Maximum value

“

KEY FACT

2.8  km  x  2.4  km  anomaly  

www.angkorgold.ca [email protected]

13

Andong Meas Project 5 Prospects On One License Potential: Acquired in 2012, Andong Meas (“Well of Gold”) remains one of Angkor’s most exciting tenements with excellent high grade gold showings as well numerous base metal anomalies present. Highlights: Andong Meas holds 5 distinct prospective gold prospects within the expansive project boundaries with grab samples containing gold values ranging from 0.5 g/t to +20 g/t Au Historic Workings: Small to medium scale artisanal mining has been carried out across the license Size: Andong Meas hosts district size gold potential with a total license area of approx. 188km2.

www.angkorgold.ca [email protected]

Extensive artisanal stripping & mining at Canada Wall

14

CW Prospect Gold-Molybdenum-Copper Porphyry Mineralization: quartz vein stockwork with molybdenite and copper mineralization in veins and veinlets Structure: aeromagnetic "doughnut" low with a higher "core" relating to high resistivity, strongly chargeable periphery that coincides with the magnetic low Size: 1200m x 700m Work Completed: stream sediment geochemical survey; aeromagnetic survey; satellite geological interpretation; termite mound geochemical survey; detailed SWIR alteration mineralization; rigid traverse lithology mapping; gradient array surface IP survey, 4 IP depth probe lines; focus of intense illegal mining (50 x 100m open pit, 47m adit); 750 x 5m surface trench channel sampling, 6 diamond drill holes totalling 1238m

Sample

Copper

Molybdenum

Trench

364* PPM

676* PPM

Channel

363 PPM

676 PPM

Drilling Intercepts

3000 PPM

2420 PPM * Maximum value

www.angkorgold.ca [email protected]

“

KEY FACT 1200m x 700m Molybdenum Copper Porphyry 15

Okalla Prospect Multi-Element Prospects – Okalla and Okalla West Mineralization: free gold up to 1.0mm discrete grains in laterite over gabbro Structure: aeromagnetic high, possible lopolith in northwest striking graben Work Completed: stream sediment geochemical survey; aeromagnetic survey; satellite geological interpretation; 56km2 termite mound (total 12,551) geochemical survey; free traverse reconnaissance geology mapping; reconnaissance SWIR alteration mineralization; auger sampling down to 6m in 25 stations at 50m intervals over single line 1250m west-east

Geology

Size

Gold in Laterite

1800m x 800m

Copper in Gabbro

1200m x 1200m

Nickel-Cobalt in Syenogabbro

400m x 700m

“

KEY FACT Visible gold in over 80% of samples

www.angkorgold.ca [email protected]

16

Phum Syarung NSR Cash Sale with Sliding Scale Net Smelter Return on the Project

DETAILS •  12 km2 sold in the Phum Syarung Blue Lizard sale to Mesco for $1.9 MM USD - $1.4 MM USD paid and final $500,000 USD due following issuance of mining license •  2.0 to 7.5% Sliding Scale Return (NSR) based on price of gold •  Environmental & Social Impact Assessment (ESIA) completed and submitted Sept. 2015 •  Mining License and permits issued to Mesco September, 2016 •  Mining infrastructure under construction

Hoist at Phum Syarung - 2016

Head Frame at Phum Syarung - 2016

www.angkorgold.ca [email protected]

17

Strong Community Support

Community

Government

NGOs

Industry

Involve communities at

• 

Working groups

• 

Best practices

• 

Exceed compliance

early stage

• 

Input into legislation

• 

Partnerships

• 

Strive for excellence

• 

Listen to their needs

• 

Assist with

• 

Leading the way

• 

Collaborative effort

• 

Educate communities

• 

infrastructure

about the industry

www.angkorgold.ca [email protected]

18

CORPORATE SOCIAL RESPONSIBILITY From the ground up we have built relationships with all levels of government in Cambodia to ensure our business is sustainable.

“

Sustainable Community Development Achieving success with our Free Prior and Informed Consent Policies. A part of good business in developing countries. •  Water Solutions •  Water wells for communities •  Filtration •  Rainwater harvesters •  Economic Solutions •  Demonstration gardens •  Small business development •  Health Solutions •  Actively supporting 8 health centers •  Constructed rural health center

Making a choice to make Cambodia Better.

•  Education & Training Solutions •  Training Center for English and Technology

www.angkorgold.ca [email protected]

19

Contact: Stephen Burega, VP Corporate Development [email protected] • +1 (647) 515-3734 TSXV: ANK • OTC: ANKOF

www.angkorgold.ca [email protected]

20