Petroteq Energy Inc. announced the resignation of Mr. Ron Miles as the Chief Executive Officer. The Company has appointed Mr. Vladimir Podlipskiy, Chief Technology Officer and Chairman of the Company, as Interim Chief Executive Officer. Dr. Vladimir Podlipskiy, held research appointments in new product development for EMD Biosciences, and worked as Chief Chemist in Research & Development for Nanotech Inc., Los Angeles, CA, and as Chief Chemist for Premier Chemical, Compton, CA.

He is the principal research scientist responsible for the development of Petroteq Energy Inc.'s technologies used in its various oil extraction programs in Utah and has recently finalized all fabrication/assembly details for the company's first oil sands extraction plant to be installed at Asphalt Ridge, Utah.