Star Metro - Jericho Energy Ventures Appoints Interim CFO, Announces Inaugural Oklahoma AI Data Center Site Location

Mrs. Zhao has been a core member of Jericho's accounting and finance team since its inception and has served as Corporate Controller since 2017.

"On behalf of the Board and the entire Jericho team, I thank Ben for his leadership, dedication and continued support to ensure a smooth transition. His contributions were instrumental in establishing the foundation of our energy platform. We wish him every success in his future endeavors," said Brian Williamson, CEO of Jericho.

"We have the utmost confidence in Maggie, who has been integral to Jericho's success over the years and has skillfully guided us through previous growth and transitions. We are fortunate to have her step into this role."

JEV Announces First Oklahoma AI Data Center Site Location

Jericho is pleased to announce details of its inaugural build-to-suit AI data center location, the Morrison Data Center Site ("MDC"), situated on the Company's oil and gas JV acreage in Noble County, Oklahoma.

MDC offers access to extensive foundational data center infrastructure, including access to grid power, a plentiful supply of low-price natural gas, water and nearby backbone fiber. Existing site assets include 70 miles of gas gathering pipelines with corresponding rights-of-way, electrical grid infrastructure, 10 million gallons of on-site water storage, 2 million gallons via pipeline, and fiber connectivity.

JEV's management believes the MDC location and infrastructure are highly attractive to AI data center clients currently engaged in negotiations.

Oklahoma has emerged as a premier hub for AI data center development, with leading technology companies investing billions to expand AI infrastructure across the state, including projects in close proximity to JEV's MDC site.

Additional details on JEV's AI Data Center initiative can be found in the Company's Corporate Presentation, available at www.jerichoenergyventures.com/investors.

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 AI Data Centers. 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.

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

Website: www.jerichoenergyventures.com
X: https://x.com/JerichoEV
LinkedIn: www.linkedin.com/company/jericho-energy-ventures
YouTube: www.youtube.com/c/JerichoEnergyVentures

Contacts:
Brian Williamson, CEO, or
Adam Rabiner, Investor Relations
Jericho Energy Ventures Inc.
T: 604.343.4534
E: [email protected]

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.‎ Specifically, this news release contains forward-looking statements, including, but not limited to, statements regarding the successful implementation of 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 ‎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: regulatory changes; changes to the ‎definition of, or interpretation of, foreign private issuer status; 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 and new energy systems; changes in government environmental ‎objectives or plans; and the other factors described in Jericho's public filings available at ‎www.sedarplus.ca.

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, expansion of consumer ‎adoption of the Company's (or its subsidiaries') technologies and products, 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.

View the original press release on ACCESS Newswire

V.Watson--SMC