Petroteq Energy Inc. announced that the continued testing in the Company's Asphalt Ridge extraction plant (the "POSP") of ore from various sources in the region, with varying oil quality in the range of 5 to 10 weight percentage, has been successful and confirms that the POSP can handle such variations of ore source. As a result of this demonstrated flexibility in handling feedstock, Petroteq was able to produce a load of oil from this multi-sourced ore, which was sold on August 6. The buyer loaded 236 barrels of 16.9 API (American Petroleum Institute) crude with a BS&W (Basic Sediment and Water) of 0.20%. It was previously announced that the Company completed the Front End Engineering and Design (FEED) study for a 5,000 barrel per day plant, and the validity of that design has been verified by a third party engineering firm. Such positive affirmations of the technology and the plant performance should assure stakeholders, suppliers and potential business partners that the design can handle a wide range of ore specifications. In addition, several barrels of produced oil from the POSP have now been received by Quadrise Fuels International plc in the United Kingdom, for the purpose of assessing the suitability of the heavy sweet oil produced by the POSP for their MSAR technology. Testing of the samples is expected to be completed by the end of August 2021.