Mr. Brian Williamson reports

JERICHO ENERGY VENTURES STREAMLINES PORTFOLIO TO FOCUS ON CORE OPERATING ASSETS

Jericho Energy Ventures Inc. has sold its minority stake in Supercritical Solutions as part of its strategy to sharpen focus on its core operating assets and drive shareholder value.

The transaction is valued at approximately $1.8-million (U.S.), with 60 per cent of the funds already received. The buyer has up to 60 days to complete the purchase of the remaining 40 per cent balance.

Brian Williamson, chief executive officer of Jericho, stated: "In 2025, our goal is to streamline our portfolio and concentrate on our core operating assets, where we can drive development and success. We have immense respect for the Supercritical Solutions team and their technology, and we look forward to it becoming a key supply option for our Hydrogen Technologies' boiler customers in the future."

Jericho also announces that it has granted 3.4 million incentive stock options, pursuant to its stock option plan, to certain directors and officers of the company. The options are exercisable at a price of 20 cents for a period of up to five years.

Digital marketing services agreement

Additionally, Jericho Energy announces that it has entered into a digital marketing services agreement with Senergy Communications Capital Inc., for an initial two-month period, expected to commence on April 1, 2025. Under the agreement, Senergy will provide a comprehensive suite of services, including digital advertising, media program management, social media marketing and shareholder communications. The agreement may be extended upon mutual written consent. In consideration of its services, the company will pay Senergy a fee of up to $100,000 plus GST in instalments over the term of agreement. To the company's knowledge, Senergy and its principal, have no direct or indirect interest in Jericho Energy and have no intention or right to acquire such an interest. The engagement is subject to TSX Venture Exchange approval. Senergy is a British Columbia-based company headed by Aleem Fidai who is operating at arm's length from the company.

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 (JV) assets and advancing the low-carbon energy transition, with active investments in hydrogen. The company's wholly owned subsidiary, Hydrogen Technologies, delivers breakthrough, patented, zero-emission boiler technology to the commercial and industrial heat and steam industry. Jericho also holds strategic investments and board positions in California Catalysts (formerly H2U Technologies), a leading developer of advanced materials for electrolysis, and Supercritical Solutions, developing the world's first, high-pressure, ultraefficient electrolyzer. Jericho also owns and operates long-held producing oil and gas JV assets in Oklahoma, which it is currently developing from cash flows in an effort to further increase production.

We seek Safe Harbor.