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Jericho Energy Ventures and M2 Development Solutions, LLC Form Strategic Partnership to Accelerate U.S. AI Data Center Expansion

TULSA, OK / / July 7, 2025 / (TSXV:JEV)(OTCID:JROOF)(FRA:JLM) ("Jericho", "JEV" or the "Company") is pleased to announce it has signed a Memorandum of Understanding (MOU), dated July 6, 2025, with M2 Development Solutions ("M2") to form a strategic partnership. This collaboration will integrate M2's large, gigawatt-scale sites into Jericho's growing AI data center portfolio.

This partnership significantly expands Jericho's U.S. footprint beyond its Oklahoma asset base, incorporating M2's high-capacity sites in Ohio and Nevada. The initial sites include:

• Ohio - 400 Acres with access to Utility Power and on-site Natural Gas feed Power generation assets

• Nevada - 3,700 Acres with access to Utility Power, on-site Geothermal power, on-site solar power, and on-site Natural Gas feed Power generation assets

Together, JEV and M2 are well-positioned to meet the rapidly increasing demand for scalable, high-performance infrastructure optimized for advanced artificial intelligence (AI) workloads across the United States.

"Our partnership with M2 is a transformative step in executing our AI data center strategy," said Brian Williamson, CEO of Jericho Energy Ventures. "Integrating M2's gigawatt-scale sites accelerates our ability to deliver scalable, energy-efficient infrastructure for modern AI workloads. With the proven leadership of COL (Ret.) Mark Schonberg and Mark Vogel, we are poised to meet the surging AI compute demand across key U.S. markets."

About M2 Development Solutions, LLC

M2 is co-led by Col. (Ret.) Mark Schonberg and Mark Vogel, bringing extensive expertise to the partnership:

• Col. (Ret.) Mark Schonberg is a 30-year U.S. Army veteran and a seasoned infrastructure leader. His deep expertise spans IT services, cybersecurity, and data center development. Throughout his military career, he held senior positions including Cyber Capabilities Development and Integration Director for the U.S. Army and CIO/G6 at Army Cyber Command. He also played a key role in the IT and C4I build-out for the $16 billion Yongsan Relocation Program in South Korea. Since retiring in 2020, Col. Schonberg has continued to lead in the private sector, focusing on data center infrastructure, renewable energy, and smart city solutions.

• Mark Vogel is a seasoned real estate development leader with over 40 years of experience delivering transformative commercial, residential, and mixed-use projects, including the $400M Bowie Town Center (375-acre mixed-use, MD) and high-rise student housing near the University of Maryland in College Park. Known for his strategic vision and collaborative approach, he now leads cutting-edge data center developments to meet surging demand for high-performance digital infrastructure across the U.S. Drawing on deep expertise in land planning, community engagement, and infrastructure delivery, Mark drives sustainable, high-impact projects that reshape communities and power the digital economy. His philanthropic work includes founding the "Give a Dam" campaign in Burkina Faso through Africare, two years in the Peace Corps in Liberia, and leading the Greater Oxon Hill CDC to advance housing, health, and economic opportunity in communities in Maryland. He also spent over a decade fundraising for Mission of Love Charities, supporting food security, housing, mental health, and workforce development for vulnerable populations.

About Jericho Energy Ventures

Jericho Energy Ventures (JEV) is uniquely positioned at the nexus of energy and AI infrastructure. Leveraging our long-producing oil and gas joint venture assets and robust Oklahoma infrastructure, we are deploying scalable, on-site power solutions to build cutting-edge build-to-suit . With direct access to abundant, low-cost natural gas, we deliver efficient, high-performance energy solutions -- reducing waste, maximizing output, and unlocking long-term value in the rapidly converging AI and energy markets.

JEV is also driving the clean hydrogen energy transition through its portfolio of hydrogen solutions including , and .

At JEV, our mission is clear: to innovate relentlessly, optimize energy resources, and power tomorrow's breakthroughs, one bold step at a time.

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CONTACT:
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
Tel. 604.343.4534
Email: [email protected]

This news release contains certain "forward-looking information" and "forward-looking 鈥巗tatements" (collectively, "forward-looking statements") within the meaning of applicable 鈥巗ecurities laws. Such forward-looking statements are not representative of historical facts or 鈥巌nformation or current condition, but instead represent only Jericho's beliefs regarding future 鈥巈vents, plans or objectives, many of which, by their nature, are inherently uncertain and outside of 鈥嶫ericho's control. Forward-looking statements are frequently characterized by words such as 鈥庘��"plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, 鈥巓r statements that certain events or conditions "may", "will" or "may not" occur.鈥� Specifically, this news release contains forward-looking statements, including, but not limited to, statements regarding the successful implementation of the JEV-M2 MOU and the planned rollout of JEV's AI Data Centers initiative.

Forward-looking statements are subject to a variety of risks and uncertainties and other factors 鈥巘hat could cause actual events or results to differ materially from those anticipated in the forward-鈥巐ooking statements, which include, but are not limited to: regulatory changes; changes to the 鈥巇efinition of, or interpretation of, foreign private issuer status; the impacts of COVID-19 and other 鈥巌nfectious diseases; general economic conditions; industry conditions; current and future 鈥巆ommodity prices and price volatility; significant and ongoing stock market volatility; currency and 鈥巌nterest rate fluctuation; governmental regulation of the energy industry, including environmental 鈥巖egulation; geological, technical and drilling problems; unanticipated operating events; the 鈥巃vailability of capital on acceptable terms; the need to obtain required approvals from regulatory 鈥巃uthorities; liabilities and risks inherent in oil and gas exploration, development and production 鈥巓perations; liabilities and risks inherent in early stage hydrogen technology projects and new energy systems; changes in government environmental 鈥巓bjectives or plans; and the other factors described in Jericho's public filings available at 鈥巜ww.sedarplus.ca.

The forward-looking statements contained herein are based on certain key expectations and 鈥庘�巃ssumptions 鈥巓f Jericho 鈥巆oncerning anticipated financial performance, business prospects, 鈥巗trategies, 鈥巖egulatory regimes, the 鈥庘�巗ufficiency of budgeted capital expenditures in carrying out 鈥巔lanned activities, the ability to obtain financing on 鈥巃cceptable terms, expansion of consumer 鈥巃doption of the Company's (or its subsidiaries') technologies and products, all of which are 鈥巗ubject to change based on 鈥巑arket conditions, 鈥巔otential timing delays 鈥巃nd other risk factors. Although Jericho believes that these assumptions and the expectations 鈥巃re 鈥巖easonable based on information currently available to management, such 鈥巗tatements are not 鈥巊uarantees of future performance and actual results or developments may differ materially from 鈥庘�巘hose in the forward-looking statements. Investors should not place undue reliance on forward-鈥巐ooking 鈥巗tatements.鈥�

Readers are cautioned that the foregoing lists are not exhaustive. The forward-looking statements 鈥巆ontained in this news release are made as of the date of this news release, and Jericho does not 鈥巙ndertake to update any forward-looking statements that are contained or referenced herein, 鈥巈xcept as required by applicable securities laws鈥�.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in 鈥巘he policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of 鈥巘his release.

SOURCE: Jericho Energy Ventures Inc.