Mayan Energy Ltd. provided an update on the Asphalt Ridge Project ('Asphalt Ridge'), a heavy oil sands deposit in Utah, USA, which has an 87 Million Stock Tank Barrels ("STB") contingent resource in place. Asphalt Ridge is being developed by Petroteq Energy Inc. Mayan has a 17.6% interest in Deloro Energy LLC ('Deloro') which recently completed the first tranche of its USD 10 million acquisition for a 49% interest in Asphalt Ridge. As part of a phased development plan at Asphalt Ridge to produce 5,000+ bopd by 2019 with an initial 1,000 bopd targeted for First Quarter 2018, a heavy oil extraction and processing facility is currently being assembled at the site. Petroteq has notified the Company that many aspects of the assembly are progressing ahead of schedule. To date the following work has been completed at the site: Reassembly of the metal support structure for the extraction equipment; Installation of extraction equipment including augurs, the first mix tank and the motor control centre; The second mix tank is scheduled to be installed this week; The first two oil storage tanks have been installed for what will be a facility of 4,000 to 5,000 barrels of capacity; The oil heater is currently being assembled for installation.