Mr. Allen Wilson reports

JEV PORTFOLIO COMPANY H2U AND DE NORA ENTER RESEARCH & DEVELOPMENT AGREEMENT TO DISCOVER HIGH-PERFORMANCE MATERIALS FOR GREEN HYDROGEN PRODUCTION

Jericho Energy Ventures Inc. portfolio company H2U Technologies, a next-generation electrolyzer developer, and De Nora, the world's largest supplier of high-performing catalyst-coated membranes, have entered an R&D (research and development) agreement to identify and develop low-cost, high-performance electrocatalysts for hydrogen production through water electrolysis. These catalysts are expected to enable the market presence of affordable green hydrogen, thereby addressing a specific market need, facilitating the expansion of the hydrogen value chain and driving the energy transition.

This R&D agreement follows H2U's prior collaboration with De Nora to further leverage H2U's exclusive Catalyst Discovery Engine(TM) (CDE(TM)) to pioneer groundbreaking electrocatalysts that can be used in systems for water electrolysis-based hydrogen production.

The advantage of using H2U's CDE is that it is a data-driven, rapid-screening process that allows scientists to make, characterize, and quantify the catalytic activity of thousands of material compositions per week, faster than any other known discovery method.

The joint H2U-De Nora press release announcing the R&D agreement can be viewed at: https://www.h2utechnologies.com/post/h2u-de-nora-enter-r-d-agreement-to-find-high-performance-materials-for-green-hydrogen-production For more information about H2U's pioneering work in discovering long-lasting, low-cost catalyst materials for hydrogen generation, visit H2Utechnologies.com. H2U can also be found on LinkedIn and X/Twitter.

JEV holds a seat on H2U's Board of Directors and co-led H2U's 2021 Series A financing alongside Dolby Family Ventures, Hess Corporation (NYSE:HES) and Motus Ventures.About Jericho Energy VenturesJericho Energy Ventures (JEV) is an energy company positioned for the current energy transitions; owning, operating and developing both traditional hydrocarbon JV assets and advancing the low-carbon energy transition, with active investments in hydrogen. Our wholly owned subsidiary, Hydrogen Technologies, delivers breakthrough, patented, zero-emission boiler technology to the Commercial & Industrial heat and steam industry. We also hold 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, ultra-efficient 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.

Website: https://jerichoenergyventures.com/ Twitter: https://twitter.com/JerichoEVLinkedIn: https://www.linkedin.com/company/jericho-energy-venturesYouTube: https://www.youtube.com/c/JerichoEnergyVentures CONTACT: Allen Wilson, Director, orAdam Rabiner, Dir. of Investor Relations Jericho Energy Ventures Inc. Tel. 604.343.4534investorrelations@jerichoenergyventures.com

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