Petroteq Energy Inc.

• Technology-centric, energy company based in Los Angeles, California with Utah oil sands assets
• 100% WI1 in 2,542 gross acres2 in the Uintah Basin, Utah
• 100% of the operating rights in 8,480 gross acres in P.R. Springs and the Tar Sands Triangle, Utah
• Environmentally benign, using no water in the closed-loop extraction process
• Produces bitumen and a clean sand3 as the only by-product
• Potential to unlock mineable oil sands across U.S. and global oil markets
• Approved SEC Form 10-12G – Blue Sky Exempt in 39 States in the USA

Value-creation focused company, developing & implementing proprietary, clean oil sands processing and heavy oil extraction technologies

(1) Working Interest. (2) Net acres of 2,318.75 after royalties contemplated in the leases .(3) Meets EPA Tier 1 standards.