Petroteq Energy Inc V.PQE.H

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[CTM1967]

SHERMAN OAKS, CA / ACCESSWIRE / September 23, 2021 / Petroteq Energy Inc. ("Petroteq" or the "Company") (TSXV:PQE)(OTC PINK:PQEFF)(FSE:PQCF), an oil company focused on the development and implementation of its proprietary oil extraction and remediation technologies, announced today that it has entered into a confidentiality agreement with the third party who was previously disclosed as being a client of Uppgard Konsult AB.

The purpose of the confidentiality agreement is to permit Petroteq to find out the identity and intentions of the third party and to allow the parties to discuss a potential transaction. There can be no assurance that any transaction with the third party will be entered into or completed at all. Any potential transaction would be subject to applicable director, shareholder and regulatory approvals.