Petroteq Energy Inc. announced the appointment of Michael Hopkinson and Robert Chenery to its board of directors. R G Bailey has retired as the Interim Chief Executive Officer and a director of the Company and will remain as a valuable resource to the Company as a consultant providing his expertise in the oil and gas industry. In addition, Ron Cook has resigned as the Chief Financial Officer of the Company and will remain with the Company as an employee/consultant assisting with accounting and financial reporting.