Mr. Allen Wilson reports

JERICHO ENERGY VENTURES' EU PARTNER EXOGEN TEAMS UP WITH LHYFE TO BOOST GREEN HYDROGEN PRODUCTION FOR INDUSTRIAL STEAM, MOBILITY, AND DISTRICT HEATING APPLICATIONS IN EUROPE

Jericho Energy Ventures Inc.'s European Union partner, Exogen Hydrogen Solutions, has signed a memorandum of understanding with Lhyfe, a leading European-based producer and supplier of green and renewable hydrogen, for the combined offering of comprehensive decarbonization solutions for industrial steam, district heating and mobility applications powered by green hydrogen.

As previously announced by Jericho Energy Ventures and Exogen in July, 2023, Exogen is offering a first-of-its-kind hydrogen steam plant, the HSP 3000, featuring Jericho Energy Ventures' patented, state-of-the-art, hydrogen-fuelled DCC boiler technology, which produces emission-free industrial steam.

The HSP 3000 is a pioneering, zero-emission steam plant for industrial and district heating applications, offered as a turnkey solution. The hydrogen-powered installation is produced and serviced by industry leader Sofinter Group and comes preassembled in container-sized units, shipped by road transport.

About Jericho Energy Ventures Inc.

Jericho Energy Ventures 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. Jericho Energy Ventures' wholly owned subsidiary, Hydrogen Technologies, delivers breakthrough, patented, zero-emission boiler technology to the commercial and industrial heat and steam industry. Jericho Energy Ventures 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 Energy Ventures also owns and operates long-held producing oil and gas joint venture assets in Oklahoma, which it is currently developing from cash flows in an effort to further increase production into the current elevated commodity price environment.

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