Mr. Allen Wilson reports

JERICHO OIL'S PHASE 1 DEVELOPMENT PROGRAM DOUBLES GROSS PRODUCTION

Jericho Oil Corp.'s daily production has increased by approximately 100 per cent following its phase I development program.

Gross production across the company's oil-producing acreage has averaged just under 100 barrels per day for the month of August thus far. Cumulative production for the month is expected to be approximately 3,000 barrels as production continues to come on and the daily average continues to climb.

In addition to the production results contained in this news release, Jericho plans to provide further phase I development results as it brings the remaining production and injection wells on-line. The company completed its phase I drilling program at the end of June, 2014, drilling and completing 62 new producing wells and 42 water injection wells.

Allen Wilson, chief executive officer of Jericho, stated: "We are encouraged that after only six months since our first major acquisition in east Kansas, we have seen our production double as a result of our phase I recompletion and drilling program in the region. The positive results from our phase I program give us the confidence to continue to aggressively drill, develop, exploit and add to our now 3,600-acre Kansas land bank."

In the first quarter of 2014, Jericho acquired a 50-per-cent working interest in two oil lease packages located in Kansas, comprising 2,688 acres and production of 51 barrels of oil per day. The company's Kansas land bank has since grown to nearly 3,600 acres with production averaging approximately 100 barrels of oil per day in August.

Jericho anticipates commencing its phase II development program later this year.

We seek Safe Harbor.