Mr. Brian Williamson reports

JERICHO ENERGY WELCOMES COMSTOCK HOLDING COMPANIES CEO CHRIS CLEMENTE TO BOARD OF DIRECTORS

Jericho Energy Ventures Inc. has appointed Christopher Clemente, chairman and chief executive officer of Comstock Holding Companies Inc., to its board of directors, effective March 2, 2026.

Mr. Clemente founded Comstock in 1985 and has guided its evolution from a homebuilder into a commercial real estate industry leader. Through his thoughtful leadership, Comstock has established itself as one of the pre-eminent asset managers, developers and operators in the mid-Atlantic United States region, providing a broad spectrum of real estate services to their rapidly growing managed portfolio. Mr. Clemente has also led Comstock to execute multiple successful large-scale public-private partnerships and strategic investments in real estate ventures.

Brian Williamson, chief executive officer of Jericho, commented: "Chris brings a rare combination of public company leadership, capital markets expertise and deep experience in large-scale real estate and infrastructure development. His track record of building and scaling platforms, executing strategic partnerships, and aligning long-term shareholders makes him an outstanding addition to our board as we advance our AI-driven energy and infrastructure initiatives."

Christopher Clemente, CEO of Comstock, commented: "Jericho Energy is strategically positioned at the intersection of domestic energy development and next-generation data infrastructure. I look forward to working closely with Brian and the board to support the company's AI land growth strategy and help unlock long-term value for shareholders."

Comstock recently became a significant shareholder of Jericho through a $1.5-million (U.S.) private placement investment, further aligning the two companies' long-term strategic interests. Pursuant to a letter of intent dated Feb. 11, 2026, Jericho and Comstock have agreed to pursue the formation of a strategic partnership focused on the acquisition, aggregation and development of land in and around Jericho's existing energy asset base in Oklahoma. The proposed joint venture (JV) is intended to leverage Jericho's energy infrastructure footprint and Comstock's extensive real estate development expertise to advance high-value infrastructure and energy-related projects in the region.

About Jericho Energy Ventures Inc.

Jericho Energy Ventures is uniquely positioned at the nexus of energy and AI infrastructure. Leveraging its long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, the company is deploying scalable, on-site power solutions to build cutting-edge build-to-suit AI data centres. With direct access to abundant, low-cost natural gas, the company delivers efficient, high performance energy solutions -- reducing waste, maximizing output and unlocking long-term value in the rapidly converging AI and energy markets.

About Comstock Holdings Companies Inc.

Founded in 1985, Comstock is a leading asset manager, developer and operator of mixed-use and transit-oriented properties in the Washington region. With a managed portfolio comprising approximately 10 million square feet at full buildout and including stabilized and development assets strategically located at key metro stations, Comstock is at the forefront of the urban transformation taking place in the fastest-growing segments of one of the nation's best real estate markets. Comstock's developments include some of the largest and most prominent mixed-use and transit-oriented projects in the mid-Atlantic region, as well as multiple large-scale public-private partnership developments.

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