Questor Technology Inc. Announces Change of Auditor

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CALGARY, Alberta, Dec. 03, 2019 (GLOBE NEWSWIRE) -- Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announces that it has changed its auditor from MNP LLP (the "Former Auditor") to PricewaterhouseCoopers LLP (the "Successor Auditor"), effective November 19, 2019.

At the request of the Company, the Former Auditor resigned as auditor of Questor effective November 19, 2019 and the Board of Directors of the Company appointed the Successor Auditor as the Company's auditor effective on the same date until the next Annual General Meeting of the Company.

There were no reservations in the Former Auditor's reports in connection with the Company's most recently completed fiscal year (2018) or for any period subsequent to the most recently completed period for which an audit report was issued preceding the date of the Former Auditor's resignation.  There are no "reportable events" (as that term is defined in National Instrument 51-102 Continuous Disclosure Obligations ("NI 51-102")) between Questor and the Former Auditor.

In accordance with NI 51-102, the Notice of Change of Auditor, together with the required letters from the Former Auditor and the Successor Auditor, have been reviewed by the audit committee and the Board of Directors of the Company and have been filed on SEDAR.

The Notice of Change of Auditor is available on the Company’s website at www.questortech.com and through SEDAR at www.sedar.com.

ABOUT QUESTOR TECHNOLOGY INC.

Headquartered in Calgary, Alberta, Questor has a trained workforce who provide specialized waste gas incineration products and services that may be required for the exploration, development and production of oil and gas reserves.

There are a number of methods for handling waste gases at upstream oil and gas facilities, the most common being combustion. Flaring and incineration are two methods of combustion accepted by the majority of provincial and state regulators. Historically, the most common type of combustion has been flaring. Flaring is the igniting of natural gas at the end of a flare stack—a long metal tube up which the gas is sent. This causes the characteristic flame associated with flaring.