JEV Jericho Energy Ventures Inc

Jericho Energy Ventures (TSXV: JEV; Frankfurt: JLM0; OTC: JROOF) (“Jericho” or “JEV” or the “Company”) is pleased to announce the Plumbers & Steamfitters Local 442, based out of Modesto, California, are excited to see their collaboration with JEV’s wholly owned subsidiary, Hydrogen Technologies Inc (HTI) enter its next phase of commercialization.

The Local 442 is located within the San Joaquin Valley Air Pollution Control District (“APCD”), one of the most progressive and stringent APCD’s in California providing a national framework for reducing greenhouse gas emissions. Understanding the strict environmental controls of their APCD, the Local 442 was active in assisting HTI’s founder, Ed Stockton, throughout initial building and testing of the cleanH2steam DCCTM commercial demonstration boiler, located at the Local 442 in Modesto, California.

The demonstration unit was supported by various groups and unions providing both materials and labor support including the International Brotherhood of Electrical Workers (“IBEW”). In conjunction with HTI, the demonstration unit was a successful first commercial step and continues to serve as foundational collaboration between clean energy providers like HTI and the Unions who largely install the units around the United States.

Bill Taylor, President of the Local 442, stated, “It has truly been a pleasure to work with Ed Stockton and the HTI team during the testing and evolution of the clean H2steam DCCTM Boiler. For us, this appeared to be the door to the future in creating clean steam and energy as we move away from emitting fossil fuels and we needed to be part of that. When Ed approached me, it was apparent that his patented technology would be a natural fit for us, creating hundreds if not thousands of jobs for our highly skilled and trained workforce. We are looking forward to a long and rewarding relationship as we enter this next phase where we will be playing an active role in the building and installation of new cleanH2steam DCCTM Boiler systems.”        

National Level Support for Clean Hydrogen

On March 22, 2021, the Clean Hydrogen Future Coalition announced it was bringing together its diverse group of stakeholders under a shared vision to support federal clean hydrogen policies that promote clean hydrogen as a key pathway to achieve decarbonization objectives while also increasing U.S. competitiveness.

The Coalition stated, “Clean hydrogen has the ability to accelerate decarbonization across all sectors of our economy, as well as transition existing - and create new - skilled, high wage jobs needed to support the clean energy transition. In addition to the wide range of market applications and potential for significant future demand, clean hydrogen can be produced from a variety of energy sources, used as a replacement fuel or feedstock in several industries, store energy over long periods of time, as well as move and deliver energy to where it is needed, making it a highly versatile, clean energy resource.”

The Coalition’s recent letter, backed by over 20 leading energy companies, labor unions, utilities, NGOs, equipment suppliers, and project developers, to President Biden called on his administration to catalyze the clean hydrogen industry in his “Build Back Better” plan. About Jericho Energy VenturesJericho Energy Ventures (https://jerichoenergyventures.com) is focused on advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture and new energy systems.CONTACT: Adam Rabiner Director of IRJericho Energy Ventures604.343.4534adam@jerichoenergyventures.comThis news release contains certain "forward-looking information" within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute "forward-looking statements" within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only Jericho's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho's control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Although Jericho believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Forward-looking information and statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information and statements which include, but are not limited to: the effects of and risks associated with the ongoing COVID-19 pandemic, the impact of general economic conditions, industry conditions and current and future commodity prices including sustained low oil prices, significant and ongoing stock market volatility, currency and interest rates, governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities inherent in oil and gas exploration, development and production operations; and the other factors described in our public filings available at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive. The forward-looking information and forward-looking statements contained in this news release are made as of the date of this news release, and Jericho does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.