Effective on May 1, 2018, the Board of Directors of Petrolia Energy Corporation appointed Zel C. Khan (the current Chief Executive Officer and Director of the Company) as President of the company; and (b) appointed James E. Burns, the company’s President prior to May 1, 2018, as Chairman of the Board of Directors of the company. On April 19, 2018, Petrolia Energy Corporation entered into a separation and release agreement with James E. Burns, its then President (the “Separation Agreement”). Pursuant to the separation agreement, Mr. Burns and the company agreed: that Mr. Burns would resign as President of the company, effective May 1, 2018.