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QEM Announces Positive Results Received from Preliminary Testing for Oil Extraction

• QEM has received successful initial test results from Petroteq Energy Inc (TSX-V:PQE). Based on the sample tested, these results show that Petroteq’s proprietary technology was able to extract hydrocarbons from QEM’s Julia Creek Project

• Based on the Petroteq results report, QEM is confident that with further testing, the percentage of extractable hydrocarbons from the oil shale would be close to the maximum hydrocarbon content available in the Julia Creek sample

• Recent drilling program provided the fresh sample required for the testing regime

20 December 2018: QEM Limited (“QEM” or “the company”) is pleased to announce it has received successful initial preliminary results using Petroteq’s technology from test work carried out on the previously drilled core sample.

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