 SHERMAN OAKS, CA ACCESSWIRE July 30, 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, is providing this bi-weekly update on the status of the Companys application for a management cease trade order the MCTO which has now been filed by the Company with its principal regulator, the Ontario Securities Commission, under National Policy 12-203 - Management Cease Trade Orders NP 12-203, following the Companys announcement on July 16, 2021 the Announcement that it will be unable to file its quarterly report on Form 10-Q and related certifications for the period ended May 31, 2021 the Documents on or before July 30, 2021, as required under Canadian National Instrument 51-102 - Continuous Disclosure Obligations. The MCTO, if granted, will not affect the ability of investors who are not insiders to trade in the securities of the Company. 