Jericho Energy Ventures Inc. announced that it has executed a Memorandum of Understanding, dated May 10, 2023, with Ramp Equity Capital Partners to bring the novel DCC™? zero-emission hydrogen boiler, developed by JEV's wholly owned subsidiary, Hydrogen Technologies ("HT"), to the South Korea market. Ramp is affiliated with one of South Korea's largest renewables producing companies (the "Affiliate") that is aggressively exploring its entrance into the hydrogen market.

The distribution, R&D and commercialization MOU aims for the deployment of DCC™? boilers as part of the Affiliate's overall hydrogen growth strategy. By utilizing the GHG-free DCC™?

hydrogen-fueled steam boiler, JEV and Ramp believe that South Korean industry could reduce emissions significantly and immediately, aligning their operations with the government's aggressive renewables and decarbonization agenda. By utilizing the GHG -free DCC™? hydrogen -fueled steam boiler, J EV and Ramp believe that South Korea industry could reduce emissions significantly and immediate, aligning their operations with The government's aggressive renewable and decarbonization agenda.

H2U Technologies (a novel electrocatalyst and low-cost iridium-free 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 commodity price environment.