Mr. Brian Williamson reports

JERICHO ENERGY VENTURES TEAMS UP WITH SUPERIOR BOILER TO PRODUCE ZERO-EMISSION DCC(TM) HYDROGEN BOILERS IN THE U.S.

Jericho Energy Ventures Inc. has signed a memorandum of understanding (MOU) with Hutchinson, Kan.-based Superior Boiler for the manufacturing of the breakthrough, award-winning, zero-emission DCC hydrogen-fuelled boiler, developed by Jericho's wholly owned subsidiary, Hydrogen Technologies (HT).

Founded in 1917, ISO 9001:2015-certified Superior Boiler is a leading global manufacturer of Scotch marine fire tube, industrial water tube and high-efficiency condensing boilers, as well as associated boiler room equipment for process steam, hot water and waste heat recovery. Superior Boiler has shipped more than 21,000 boilers throughout the United States and worldwide and is a leader in the facilitation of green energy solutions with boilers powered by alternative fuels.

Brian Williamson, chief executive officer of Jericho, commented: "Superior Boiler is among the most respected and trusted manufacturers of boilers and thermal equipment globally. They share our deep commitment to safety, quality and the environment. We are proud to have them as our U.S. manufacturing partner for our novel DCC system. Superior's Kansas manufacturing hub, located in the heart of the nation, is ideally positioned for efficient delivery of the DCC throughout all lower 48 states and beyond."

"Superior Boiler has always been at the forefront of technology enhancements and improvements within the boiler industry," said Superior Boiler president and CEO Doug Wright. "We recognize the market shift toward sustainable and renewable technologies to power tomorrow's boilers and are excited to partner with Hydrogen Technologies to provide a viable solution to the marketplace. Our boiler expertise, with an emphasis on quality, coupled with HT's zero-emission technology, provides a winning combination."

Jericho and HT are at the forefront of providing emission-free solutions to the massive, hard-to-abate, heavy-polluting, commercial and industrial heat and steam markets. In August, 2023, Jericho announced its first U.S. boiler client, a major university which will deploy the DCC within its district heating system. HT has completed more than 30 site feasibility studies to date and anticipates additional DCC orders as organizations formally proceed to decarbonize their steam output.

DCC greenhouse-gas-free hydrogen-fuelled boilers offer a highly efficient and sustainable alternative to conventional fossil-fuel-based boilers. DCC eliminates greenhouse gas emissions, providing a clean and ecofriendly source of steam for various industries and applications. Leveraging an exothermic reaction that combines pure hydrogen (H2) and pure oxygen (O2) gas, the DCC achieves an independently verified fuel efficiency of over 97 per cent, with zero greenhouse gas emissions. In December, 2022, the DCC was awarded the Solar Impulse Foundation's prestigious Solar Impulse Efficient Solution label, recognizing profitable solutions to protect the environment.

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. 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 H2U Technologies (a breakthrough electrocatalyst and low-cost electrolyzer platform) 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 into the current elevated commodity price environment.

We seek Safe Harbor.