Mr. Brian Williamson reports

JERICHO ENERGY VENTURES' HYDROGEN TECHNOLOGIES GRANTED UK PATENT AS IT CONTINUES TO ADVANCE ITS ZERO-EMISSION COMBUSTION TECHNOLOGY

Jericho Energy Ventures Inc.'s wholly owned subsidiary, Hydrogen Technologies (HT), has been awarded a United Kingdom patent for its groundbreaking zero-emission hydrogen-oxygen (H2/O2) combustion technology.

This is a continuation of Jericho's IP (intellectual property) protection strategy for its cutting-edge clean energy solutions, which are aimed at transforming the commercial hydrogen energy market. In addition to the newly granted U.K. patent, HT has secured multiple patents from the United States Patent and Trademark Office (USPTO), with others currently pending approval.

Brian Williamson, chief executive officer of Jericho Energy, commented: "Securing this U.K. patent is a key milestone in our IP protection strategy as we move to commercialization of our groundbreaking H2/O2 combustion technology. We remain committed to an IP protection strategy that recognizes the value of Jericho's IP portfolio with each new generation and innovation."

HT is presently working with its manufacturing partners, Superior Boiler and Selas Heat Technology, to deploy its cutting-edge DCC boiler technology at a prominent Western United States university to provide decarbonized district heat for its campus. This development places Jericho Energy and HT at the forefront of market-ready solutions to decarbonize the estimated $198-billion global district heating market.

HT is actively collaborating with several multinational corporations, universities and districts to study the use of its zero-emission hydrogen boiler technology to significantly reduce scope 1 emissions.

Hydrogen Technologies' greenhouse-gas-free hydrogen-fuelled boilers offer a highly efficient and sustainable alternative to conventional fossil fuel-based boilers. DCC boilers eliminate greenhouse gas emissions, providing a clean and eco-friendly source of steam and hot water for various industries and applications. HT's DCC system is a recipient of the Solar Impulse Foundation's prestigious "Solar Impulse Efficient Solution" award recognizing profitable solutions to protect the environment.

JEV recently announced plans to spinout its hydrogen platform from its traditional energy assets as a separate, pure-play H2 solutions company to maximize shareholder value.

About Hydrogen Technologies

Hydrogen Technologies (HT) offers its award-winning clean, zero-emission energy solution for the commercial and industrial boiler market. There are a wide range of applications for the company's cleanH2steam DCC boiler, which works much like traditional commercial heat, hot water and industrial steam boilers. Whether the application is district heating, food processing, chemical refining, pharmaceuticals, pulp and paper mills, or any other industrial process, HT has a reliable, efficient and clean solution for your GHG and ESG (environmental, social and governance) goals.

About Jericho Energy Ventures Inc.

Jericho is an energy company positioned for the current energy transitions; owning, operating and developing both traditional hydrocarbon joint venture assets; and advancing the low-carbon energy transition, with active investments in hydrogen. Its wholly owned subsidiary, Hydrogen Technologies, delivers breakthrough, patented, zero-emission boiler technology to the commercial and industrial heat and steam industry. It also holds strategic investments and board positions in H2U Technologies (a breakthrough electrocatalyst and low-cost electrolyzer platform) and Supercritical Solutions (developing the world's first, high-pressure, ultraefficient electrolyzer). Jericho also owns and operates long-held producing oil and gas JV (joint venture) assets in Oklahoma which it is currently developing from cash flows in an effort to further increase production.

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