Petroteq Energy Inc. announced that Ronald F. Miles has been appointed CEO and will join the board of directors and will serve as a member of the Audit Committee. Mr. Miles has a Diploma of Technology from the British Columbia Institute of Technology and a Bachelor of Science in Engineering from Michigan Technological University. He has been a director and/or officer of numerous publicly listed companies on the CDNX/TSXV and the CSE Exchanges.

Barry Bergstrom has been appointed CFO and will join the board of directors. Mr. Barry Bergstrom, has been a Chartered Professional Accountant, and Certified Management Accountant, and senior executive with 40 years of experience across the mining, oil and gas, and natural resource sectors. He has acted in various senior officer and management roles for both private and large public companies, in addition to heading up the investor relations and corporate development functions.

Vladimir Podlipskiy, PhD: currently CTO and Chairman of the Board; Mr. Robert Dennewald: currently independent Board Member and member of the Audit Committee. Mr. James Fuller: currently independent Board Member and member of the Audit Committee. Ronald A. Cook: appointed to the board of directors and Chairman of the Audit Committee.

Mr. Cook is a Certified Public Accountant with almost 30 years of experience in public accounting, financial management, and professional consulting. Graduate from the California State University, Northridge, Bachelor of Science Degree, in 1995, he began his career with Arthur Andersen LLP, followed by Deloitte and Touche, LLP.