 SHERMAN OAKS, CA ACCESSWIRE August 9, 2021 Petroteq Energy Inc. Petroteq or the Company TSXV:PQEOTC PINK:PQEFFFSE:PQCF, an oil company focused on the development and implementation of its proprietary oil-extraction and remediation technologies, announced today that, in lieu of the management cease trade order that the Company had applied for, it has been issued a Cease Trade Order CTO by the Ontario Securities Commission as a result of its failure to file its quarterly report on Form 10-Q and related certifications for the period ended May 31, 2021 on or before July 30, 2021, as required under Canadian National Instrument 51-102 - Continuous Disclosure Obligations, as previously disclosed. Reference is made to the Companys news release dated July 16, 2021 and its current report on Form 8-K filed with the United States Securities and Exchange Commission on July 16, 2021. 