Mr. Brian Williamson reports

JERICHO ENERGY VENTURES AND M2 DEVELOPMENT SOLUTIONS, LLC FORM STRATEGIC PARTNERSHIP TO ACCELERATE U.S. AI DATA CENTER EXPANSION

Jericho Energy Ventures Inc. has signed a memorandum of understanding (MOU), dated July 6, 2025, with M2 Development Solutions to form a strategic partnership. This collaboration will integrate M2's large, gigawatt-scale sites into Jericho's growing AI (artificial intelligence) data centre portfolio.

This partnership significantly expands Jericho's U.S. footprint beyond its Oklahoma asset base, incorporating M2's high-capacity sites in Ohio and Nevada. The initial sites include:

• Ohio: 400 acres with access to utility power and on-site natural gas feed power generation assets;
• Nevada: 3,700 acres with access to utility power, on-site geothermal power, on-site solar power and on-site natural gas feed power generation assets.

Together, Jericho Energy and M2 are well positioned to meet the rapidly increasing demand for scalable, high performance infrastructure optimized for advanced AI workloads across the United States.

"Our partnership with M2 is a transformative step in executing our AI data centre strategy," said Brian Williamson, chief executive officer of Jericho Energy Ventures. "Integrating M2's gigawatt-scale sites accelerates our ability to deliver scalable, energy-efficient infrastructure for modern AI workloads. With the proven leadership of Col. (retired) Mark Schonberg and Mark Vogel, we are poised to meet the surging AI compute demand across key U.S. markets."

About M2 Development Solutions LLC

M2 is co-led by Col. Schonberg and Mr. Vogel, bringing extensive expertise to the partnership:

• Col. Schonberg is a 30-year U.S. Army veteran and a seasoned infrastructure leader. His deep expertise spans information technology (IT) services, cybersecurity and data centre development. Throughout his military career, he held senior positions, including cyber capabilities development and integration director for the U.S. Army, and CIO/G6 at Army Cyber Command. He also played a key role in the IT and C4I buildout for the $16-billion Yongsan relocation program in South Korea. Since retiring in 2020, Col. Schonberg has continued to lead in the private sector, focusing on data centre infrastructure, renewable energy and smart city solutions.
• Mr. Vogel is a seasoned real estate development leader with over 40 years of experience delivering transformative commercial, residential and mixed-use projects, including the $400-million Bowie Town Center (375-acre mixed-use, Maryland) and high-rise student housing near the University of Maryland in College Park. Known for his strategic vision and collaborative approach, he now leads cutting-edge data centre developments to meet surging demand for high performance digital infrastructure across the United States. Drawing on deep expertise in land planning, community engagement and infrastructure delivery, Mr. Vogel drives sustainable, high-impact projects that reshape communities and power the digital economy. His philanthropic work includes founding the Give a Dam campaign in Burkina Faso through Africare, two years in the Peace Corps in Liberia, and leading the Greater Oxon Hill CDC to advance housing, health and economic opportunity in communities in Maryland. He also spent over a decade fundraising for Mission of Love Charities, supporting food security, housing, mental health and work force development for vulnerable populations.

About Jericho Energy Ventures Inc.

Jericho Energy 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, it delivers efficient, high performance energy solutions -- reducing waste, maximizing output and unlocking long-term value in the rapidly converging AI and energy markets.

Jericho Energy is also driving the clean hydrogen energy transition through its portfolio of hydrogen solutions, including Hydrogen Technologies, ETNA Solutions and California Catalysts.

Jericho Energy's mission is clear: to innovate relentlessly, optimize energy resources and power tomorrow's breakthroughs, one bold step at a time.

We seek Safe Harbor.