Jericho Energy Ventures Announces Commencement of Trading of its Common Shares and Variable Voting Shares Under Single Trading Symbol and Receipt of Exemptive Relief

NEWTOWN, PA, and VANCOUVER, BC / ACCESSWIRE / June 29, 2022 / Jericho Energy Ventures Inc. (TSXV:JEV)(OTC PINK:JROOF)(Frankfurt:JLM0) ("Jericho" or "JEV" or the "Company") announces that, further to its news release issued on June 27, 2022, its common shares ("Common Shares") and variable voting shares (the "Variable Voting Shares", and together with the Common Shares, the "Shares") commenced trading under the single and current ticker, "JEV", on the TSX Venture Exchange (the "TSXV") at the open of markets today, June 29, 2022. The Shares trade on the TSXV and will bear the CUSIP/ISIN number 476339205/CA4763392053 and will be designated, for purposes of trading, under the single designation of "Common and Variable Voting Shares" of Jericho.

Jericho has received certain exemptive relief (the "Decision") from the Ontario Securities Commission to enable its Common Shares and Variable Voting Shares to be treated collectively as if they were a single class for certain purposes, including for take-over bid and early warning reporting purposes and in connection with the presentation of certain ownership related information in its information circulars, and to permit the Company to refer to the variable voting shares as "Variable Voting Shares".

A copy of the Company's articles, as amended, and the Decision will be available on SEDAR at www.sedar.com under Jericho's profile.

About Jericho Energy Ventures

Jericho 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 approximately $30 Billion 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 highly elevated commodity price environment.