Mr. Alex Blyumkin reports

PETROTEQ ENERGY EXPANDS ADVISORY BOARD

Petroteq Energy Inc. has made a new initiative to expand the size and scope of its advisory board. Petroteq's advisory board provides guidance and insight to the management team on the company's strategic initiatives and go-forward strategy relating to operational, public and government relations, and financing activities associated with the company's heavy oil extraction facility located at Asphalt Ridge near Vernal, Utah.

"With the recent initiation of production at our facility, we have a backlog of interest from partners around the world for which a visit to an operating facility was the logical next step," stated Alex Blyumkin, executive chairman of Petroteq. "Our plan is to add experienced energy entrepreneurs and executives to our ranks to handle the inquiries we have been fielding as well as develop new opportunities that will help the company grow."

In keeping with this initiative, experienced entrepreneur Heriberto (Eddie) Gonzalez has agreed to join Petroteq's advisory board. Mr. Gonzalez has demonstrated the ability to create growth opportunities as well as manage corporate activities for shareholder benefit in the energy and other industries in both public and private companies. He is currently managing director of Mayan Energy Ltd., an issuer listed on the London AIM (Alternative Investment Market). Mr. Gonzalez's background includes start-up, turnaround and growth of multiple companies with a consistent record of value creation and achieving successful exits for investors. As a native Spanish speaker with cross-border business experience, Mr. Gonzalez will aim to provide significant contacts and relationships beneficial to potential opportunities and partners in Mexico, Central America and South America.

David Sealock, chief executive officer of Petroteq, commented: "We are excited to have Eddie on our team. He brings multiple skill sets that will benefit the company in terms of identification, development and execution of potential business opportunities. His proven willingness to go to bat for Petroteq is a positive indicator for great things to come from this appointment."

About Petroteq Energy Inc.

Petroteq is a fully integrated oil and gas company focused on the development and implementation of a new proprietary technology for oil extraction. Petroteq is currently focused on developing its oil sand resources and expanding production capacity at its Asphalt Ridge heavy oil extraction facility located near Vernal, Utah. The company also owns a minority stake in an exploration and production play located in southwest Texas held by Accord GR Energy Inc. In addition, the company, through its wholly owned subsidiary PetroBloq LLC, is seeking to develop the first blockchain-based platform created exclusively for the supply chain needs of the oil and gas sector.

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