Petroteq Energy Inc (PQEFF)

[Jose Chavez]

$PQEFF Petroteq Energy Inc. ("Petroteq" or the "Company")? (TSXV:PQE) (?OTC PINK:PQEFF) (FSE:PQCF), an oil ?company focused on the development and implementation of its proprietary oil ?extraction and remediation technologies, is pleased to announce the completion of a third-party economic evaluation report dated February 10, 2022 (the "Report") in relation to sands anticipated to be produced as by-products of petroleum products from oil sands at the Asphalt Ridge NW Leases in Uintah County, Utah. The Report was prepared by Broadlands Minerals Advisory Services Ltd. ("Broadlands"), a U.S. based, independent mineral advisory company, with input from Q4 Impact Group, LLC ("Q4 Impact"), under engagement to Broadlands, on markets and prices for the sand products.