Jericho Energy Ventures: H2U Technologies Announces Joint Development Agreement with Leading Supplier of Catalyst Coated Membranes for Green Hydrogen Production

H2U Partner De Nora Confirms Success of H2U's New Non-platinum Group Metal (PGM) Catalyst for Low-Cost Green Hydrogen Production via Water Electrolysis

NEWTOWN, PA / ACCESSWIRE / March 31, 2022 / Jericho Energy Ventures (TSXV:JEV)(OTC PINK:JROOF)(Frankfurt:JLM0) ("Jericho" or "JEV" or the "Company") is pleased to announce that its portfolio company, H2U Technologies, has signed a Joint Development Agreement (JDA) with Industrie De Nora S.p.A. (De Nora) to examine the viability of newly identified non-platinum group metal (PGM) catalysts for green hydrogen production.

Through their partnership, De Nora will help bring H2U's innovative, earth-abundant catalysts to the electrolyzer market. These new catalysts will fill a critical gap in the development of low-cost green hydrogen, decreasing a significant cost barrier to growing the hydrogen value chain and promoting the energy transition.

De Nora is a world leader in developing and manufacturing electrodes for almost every industrial electrolysis application and is serving the largest OEMs of water electrolysis equipment and plants globally.

Ryan Breen, Jericho's Head of Corporate Strategy, stated, "We are proud to hold a strategic investment and board position in H2U. Their technology has the potential to revolutionize affordable green hydrogen production globally and Jericho and its stakeholders should be excited by its enormous possibilities."

The complete H2U - De Nora Joint Development Agreement news release can be accessed at: https://www.h2utechnologies.com/news

About H2U Technologies, Inc.

H2U Technologies is a developer of new catalysts used for the electrolysis of water into hydrogen and oxygen. The company also develops a grid-scale PEM electrolyzer, the Gramme 50. The technology underpinning H2U Technologies' products is based on 10 years of research and development funded by the U.S. Department of Energy through Caltech's Joint Center for Artificial Photosynthesis (JCAP). For more information, visit h2utechnologies.com.

About Jericho Energy Ventures

Jericho Energy Ventures (JEV) is focused on advancing the low-carbon energy transition with investments in hydrogen technologies, energy storage, carbon capture and new energy systems. Our wholly owned subsidiary, Hydrogen Technologies, delivers breakthrough, patented, zero-emission boiler technology to the $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).

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CONTACT:
Adam Rabiner
Director of IR
Jericho Energy Ventures
604.343.4534
adam@jerichoenergyventures.com

This news release contains certain "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Such 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. Forward-looking statements are frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may", "will" or "may not" occur.‎

Forward-looking 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 statements, which include, but are not limited to: the impacts of COVID-19 and other infectious diseases; general economic conditions; industry conditions; current and future commodity prices and price volatility; significant and ongoing stock market volatility; currency and interest rate fluctuation; governmental regulation of the energy industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities and risks inherent in oil and gas exploration, development and production operations; liabilities and risks inherent in early stage hydrogen technology projects, energy storage, carbon capture and new energy systems; and the other factors described in Jericho's public filings available at www.sedar.com.

The forward-looking statements contained herein are based on certain key expectations and ‎assumptions ‎of Jericho ‎concerning anticipated financial performance, business prospects, strategies, ‎regulatory regimes, the ‎‎sufficiency of budgeted capital expenditures in carrying out planned activities, the ability to obtain financing on ‎acceptable terms, and the success of investments, all of which are ‎subject to change based on ‎market conditions, ‎potential timing delays and other risk factors. Although Jericho believes that these assumptions and the expectations ‎are reasonable based on information currently available to management, such ‎statements are not guarantees of future performance and actual results or developments may differ materially from ‎those in the forward-looking statements. Investors should not place undue reliance on forward-looking ‎statements.

Readers are cautioned that the foregoing lists are not exhaustive. The 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 statements that are contained or referenced herein, except as required by applicable securities laws.

Neither the 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.

SOURCE: Jericho Energy Ventures Inc.