TULSA, OK, and VANCOUVER, BC, February 13, 2019 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) is pleased to announce its participation in the NAPE Summit 2019 as an exhibitor February 13-15, 2019 at the George R. Brown Convention Center in Houston, Texas.

Interested parties are invited to visit the Jericho team at Booth 4957 to learn more about the Company and its ongoing development and acquisition activities focused in the prolific Anadarko Basin STACK Play of Oklahoma.

The NAPE Summit brings together prospects and all the key players needed to evaluate, facilitate and execute deals. In the upstream oil and gas business, it is the largest and most successful event of its kind in the world.

Brian Williamson, CEO of Jericho Oil, stated, “Our team is excited about the current and future activities surrounding the STACK Play and we look forward to discussing this with industry leading participants at this year’s NAPE Summit.”

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK Play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled an interest in 55,000 net acres across Oklahoma, including an interest in ~16,000 net acres in the STACK Play. Jericho owns a 26.5% interest in STACK JV.

Jericho’s current operations are focused on the oil-prone Meramec and Osage formations in the STACK.  The Jericho team applies advanced engineering analyses and enhanced geological techniques to under-developed resource areas.

Based in Vancouver, British Columbia, with operational headquarters in Tulsa, Oklahoma, Jericho trades publicly on the TSX-Venture (JCO) and OTC (JROOF). Jericho owns its net acre position in Oklahoma through, and participates in the STACK JV through, one or more wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Jericho’s expectations include risks related to the exploration stage of Jericho’s project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.

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.

JCO 2019 NAPE_FINALCONTACTS:

Adam Rabiner,

Director, Investor Relations

1.800.750.3520

investorrelations@jerichooil.com

Company Production Hits an All-Time Yearly Record, Reduced Operating Expenses by 30%

TULSA, OK, Feb. 28, 2019 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces that preliminary 2018 full-year partnership production totaled approximately 297,000 barrels of oil equivalent (“BOE”) up 33% from 2017 full-year partnership production of 222,000 BOE.  The Company’s 2018 partnership production is an all-time yearly high.

In addition to record production, the Company continued to drive down production operating expenses with an approximately $17.00 / BOE cost in 2018, a reduction of 30% from the last year. A combination of lower absolute expenses and efficient production growth from our STACK asset produced outstanding per unit results for Jericho shareholders further demonstrating the dedication of our team and the quality of our world-class STACK asset.

In 2019, Jericho is committed to maintaining balance sheet and capital spend flexibility (with low leverage and a prudent hedging program), allocating capital based on strategic and rate-of-return metrics, prioritizing the Company’s high-return STACK asset and potential acquisition opportunities near our concentrated position.  A continued improvement in commodity prices through the remainder of Q1 2019 will see Jericho move back into a development mode and also accelerate its return to production program for shut-in wells in its existing fields. 

Industry activity has focused on the low-cost, high-return Osage and Meramec formations within the STACK play of Oklahoma. Deep-pocketed public operators including ExxonMobil, Chesapeake Energy, Sandridge Energy and Chaparral Energy continue to put considerable capital resources in and around Jericho’s largely held-by-production STACK acreage position.  To-date, the Company has participated in multiple successful STACK wells with many of our offset operators, gleaning valuable information that drives our confidence in the underlying value of our investment.    

“These outstanding and record results confirm our 2018 strategy to successfully prove and develop our premier STACK acreage position,” stated Brian Williamson, CEO of Jericho Oil, adding, “the resulting production growth provides our shareholders confidence in the exceptional quality of our high-impact STACK resource.  Looking forward to 2019, we are excited in our unique ability to drive further competitive performance through the quality of our investments and our capital and operating discipline. While we are pleased with our 2018 results, we were just starting to see our patience be rewarded as we began to drill our STACK asset, return existing shut-in wells to production and move to develop some of our other high potential assets when oil prices turned down 40% in the end of 2018.  We are hopeful that oil prices will continue their upward trend and provide us the opportunity to expand upon 2018’s success.”

In addition to Jericho’s steady base of low-decline production, its STACK JV has an interest in four currently producing Osage and Meramec formation wells.

Jericho also announces that effective March 1, 2019, Brian Williamson, CEO, assumes the additional position of President and Ben Holman, CFO, assumes the additional position of Secretary. The roles of President and Secretary were previously held by Allen Wilson, Jericho’s founder, who continues with the Company as a director, consultant and shareholder.

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK Play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled an interest in 55,000 net acres across Oklahoma, including an interest in ~16,000 net acres in the STACK Play. Jericho owns a 26.5% interest in STACK JV.    

Jericho’s current operations are focused on the oil-prone Meramec and Osage formations in the STACK.  The Jericho team applies advanced engineering analyses and enhanced geological techniques to under-developed resource areas.

Jericho, with operational headquarters in Tulsa, Oklahoma, trades publicly on the TSX Venture Exchange (JCO) and OTC Markets (JROOF). Jericho owns its net acre position in Oklahoma through, and participates in the STACK JV through, one or more wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Jericho’s expectations include risks related to the exploration stage of Jericho’s project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.

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.

CONTACT:
Adam Rabiner,

Director, Investor Relations

1.800.750.3520

investorrelations@jerichooil.com

Geology Team Continues Study of STACK Rocks Ahead of Next Drilling Program

TULSA, OK, and VANCOUVER, BC, June 3, 2019 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO; OTC PINK: JROOF) announces positive offset operator well results in conjunction with our Geology Team’s revealing geochemical study.

Jericho’s strategy of steady patience since entering the prolific, low-cost STACK Play of Oklahoma in September 2017 continues to build Company confidence.  With a primary focus on the Osage formation, we saw surrounding activity from multiple, well-known offset operators converge upon our position allowing our Company to prudently evaluate production results and compare them against various drilling and completion techniques observed. Public production data from recent horizontal wells targeting the Osage in the Northern STACK have impressive results which are associated with focused lateral landing and improved stimulation design. Wells completed by Gastar (LUKE 1909 21-1LOH, BIGGIO 1909 7-1LOH), Fairway (BURSON 1-33H) and Alta Mesa (TERMINUS 2109 3-10MH) surround the Company acreage with a combined average 6-month cumulative oil production of 63,000 barrels of oil demonstrating the vast potential for high-return wells in the Osage formation on Company acreage.

As a result, we are very pleased with the validation of our resource and acreage value on the backs of strong well results and offset operator capital.  While the pace of operated drilling activity by Jericho has been slow, we believe this is for good reason and a part of our overall strategy for Jericho’s long-term shareholder base.  Allowing surrounding operators to spend their capital while converging upon our position will yield the strongest return on investment for Jericho as we minimize our capital outlay.

Jericho’s Geochemical Study

Jericho’s Geology Team, in conjunction with its neighboring operators, have been working with Advanced Hydrocarbon Stratigraphy (“AHS”) over the last several months to harvest additional subsurface data to analyze the potential of various STACK formations around its Northern Stack acreage. AHS has worked with leading companies in the Northern STACK identifying the productive nature of the Meramec and Osagean deposits.

Utilizing cuttings captured during the drilling process, AHS’ technology allows for a high-resolution image indicating changes in hydrocarbon content, permeability and mechanical strength for better understanding of perforation cluster placement and stimulation consideration.

Shane Matson, Jericho’s Lead Geologist noted, “In the most recent well analysis adjacent to Jericho’s Acreage AHS’ testing shows outstanding oil storage capacity, high permeability and outstanding rock mechanics.”

This data will be a part of our location selection process as we consider a new drilling program for the second half of 2019.   Mike Smith, PhD, President of AHS commented “significant producible Hydrocarbons, chiefly oil, and remarkably good quality reservoir rocks are indicated throughout the Mississippian (Meramec and Osage) in this well.” Mr. Smith also noted that “results are specific to a given location, as other well locations nearby, could have varying prognoses.  All other geological, geochemical and nearby production need to be considered in any evaluation.”

Jericho’s CEO, Brian Williamson, said, “Our geology team is all about data capture and data sharing.  The Northern Stack needs good wells in all formations and cooperation with our neighbors is key.  Strong results across the operating teams is good for the basin and ultimately all STACK value.  Jericho holds ~16,000 acres in the North STACK Play and is looking to grow that position as well as considering new drilling in the second half of 2019.” Mr. Williamson further stated, “Our geology team continues to do an outstanding job of digging, digesting and extrapolating data into usable information for our organization.  We look forward to the selection of future STACK locations.”

 About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled a 55,000 net acre position across Oklahoma, including an interest in ~16,000 net acres in the STACK Play.

Jericho’s current operations are focused on the oil-prone Meramec and Osage formations in the STACK.  The Jericho team applies advanced engineering analyses and enhanced geological techniques to under-developed resource areas.

Based in Vancouver, British Columbia, with operational headquarters in Tulsa, Oklahoma, Jericho trades publicly on the TSX-Venture (JCO) and OTC (JROOF). Jericho participates in the STACK JV through one or more wholly owned subsidiaries.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Jericho’s expectations include risks related to the exploration stage of Jericho’s project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.

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.

CONTACTS:

Adam Rabiner

Director, Investor Relations

1.800.750.3520

investorrelations@jerichooil.com

TULSA, OK, and VANCOUVER, BC, Nov. 20, 2019 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC PINK: JROOF) announces that Brian Williamson, CEO, will host a webcast and conference call to provide shareholders with an update on general business developments as well as the Company’s growth strategies. A brief Q&A session will follow the prepared remarks.

Date: Tuesday, December 3, 2019
Time: 4:10 p.m. ET / 1:10 p.m. PT
Webcast: https://edge.media-server.com/mmc/p/4tn2rjeh
Live Call: US/CAN Toll-Free (844) 467-7112 or US/CAN/International (409) 220-9938
Replay: US/CAN Toll-Free (855) 859-2056 or US/CAN/International (404) 537-3406
Replay Passcode: 6592057

Mr. Williamson stated, “I look forward to updating listeners on Jericho’s solid balance sheet positioned for growth, our current operations and the state of the challenged oil and gas industry, at large. With the continued backing of key long-term shareholders, our Company has been extremely active in looking at distressed and complementary acquisition opportunities that would provide significant growth, value creation and potential synergies for Jericho. Given investor apathy towards many oil companies, valuations remain well below what many view as sustainable and the current lack of attention and investment dollars for the space presents significant dislocations in value. We are well suited to take advantage during these turbulent times.”

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma. Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves. Jericho has assembled a 55,000 net acre position across Oklahoma.

Jericho’s current operations are focused on various oil plays primarily in Oklahoma, with an acquisition focus on oil producing properties in North America.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Jericho’s expectations include risks related to the exploration stage of Jericho’s project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.

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.

CONTACTS:

Adam Rabiner
Director, Investor Relations
1.800.750.3520
a.rabiner@jerichooil.com

TULSA, OK, and VANCOUVER, BC, Dec. 2, 2019 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC PINK: JROOF) announces that, further to its news release dated November 20, 2019, its shareholder update webcast and conference call has been rescheduled for December 4, 2019.

Date: Wednesday, December 4, 2019
Time: 4:10 p.m. ET / 1:10 p.m. PT
Webcast: https://edge.media-server.com/mmc/p/4tn2rjeh
Live Call: US/CAN Toll-Free (844) 467-7112 or US/CAN/International (409) 220-9938
Replay: US/CAN Toll-Free (855) 859-2056 or US/CAN/International (404) 537-3406
Replay Passcode: 6592057

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma. Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves. Jericho has assembled a 55,000 net acre position across Oklahoma.

Jericho’s current operations are focused on various oil plays primarily in Oklahoma, with an acquisition focus on oil producing properties in North America.

Cautionary Note Regarding Forward-Looking Statements: This news release includes certain “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and Canadian securities laws. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual events and results to differ materially from Jericho’s expectations include risks related to the exploration stage of Jericho’s project; market fluctuations in prices for securities of exploration stage companies; and uncertainties about the availability of additional financing.

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.

CONTACTS:

Adam Rabiner
Director, Investor Relations
1.800.750.3520
a.rabiner@jerichooil.com

TULSA, OK, and VANCOUVER, BC, March 10, 2020 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC PINK: JROOF) today has published a letter to shareholders from Brian Williamson, CEO:

I felt it was important, particularly at this moment in time, to apprise our shareholders of Jericho’s plan going forward as we face these difficult market conditions.

Over the past several weeks, we have seen negative effects both in the oil industry, and the market at large, as the world’s largest consumers of oil have dramatically slowed economic activity while they look to contain and manage the COVID-19 (Coronavirus) outbreak.  As the world works to combat this virus and contain the spread, the oil market has been doubly challenged by a simultaneous price war and supply shock.

OPEC+, led by Saudi Arabia and Russia failed to broker an agreement on constraining output in the face of lower global demand to support prices.  This move, by all accounts, has essentially started an oil price war between Saudi Arabia and Russia with far-reaching consequences in the U.S.  As a result, we have seen the price of oil collapse into the $30’s (WTI) with no line of sight on a quick recovery.  How low the price goes and how long it stays there will determine the impact on future supply and demand.  All these issues combined will help determine and guide Jericho’s future strategy.

Jericho’s team has had in place, a contingency plan that was generated back in 2016 when the market saw similar pricing.  Although we had hoped to never need to implement, we have prepared for this and are now shifting it into place to meet the new realities of the industry.  We currently believe that our plan should allow our operating joint ventures to remain cash flow neutral and still be deal-opportunistic, leaving Jericho in an advantaged position moving forward. As has been our practice, we will sustain best business and safety practices while operating the company at the highest and best standards.

Sincerely,

Brian Williamson

Chief Executive Officer

Jericho Oil Corporation

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled a 55,000 net acre position across Oklahoma.

Jericho’s current operations are focused on various oil plays primarily in Oklahoma, with an acquisition focus on oil producing properties in North America.

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and forward-looking statements are not representative of historical facts or information or current condition, but instead represent only the Company’s beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of Jericho’s control. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to management’s belief as to the ability of Jericho’s operating joint ventures to remain cash flow neutral while still deal-opportunistic and Jericho’s advantaged position moving forward. Although Jericho believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. In particular, there is no guarantee that Jericho will be able to sustain best business and safety practices. Forward-looking information and 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 information and statements which include, but are not limited to: the risks associated with COVID-19, the impact of general economic conditions, industry conditions and current and future commodity prices including sustained low oil prices, significant and ongoing stock market volatility, currency and interest rates, governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities inherent in oil and gas exploration, development and production operations; and the other factors described in our public filings available at www.sedar.com.  Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information and 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 information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

CONTACT:

Adam Rabiner

Director, Investor Relations

604.343.4534

a.rabiner@jerichooil.com

TULSA, OK, and VANCOUVER, BC, April 23, 2020 – Jericho Oil Corporation (“Jericho”) (TSX-V: JCO) announces that it intends to raise approximately $5 Million CAD through a non-brokered private placement (the “Offering”) of approximately 50,000,000 units (“Units”) at a price of C$0.10 per Unit, with each such Unit consisting of one common share of the Corporation (each, a “Common Share”) and one Common Share purchase warrant (each, a “Warrant”), with each Warrant being exercisable for one additional Common Share at an exercise price of $0.13 CAD for a period of 36 months from the date of issuance.

Net proceeds from the Offering, which is being led by existing shareholders, will be used primarily for the acquisition of assets during the current market downturn. Jericho will continue to be opportunistic in the present environment and look to acquire what it perceives to be high-quality assets in dislocated situations. While Jericho does not currently have any binding agreement to enter into any such transaction, having cash on hand will allow it to be nimble as market opportunities arise.

No finders’ fees or commissions are being paid in connection with the Offering. Closing of the Offering is subject to TSX Venture Exchange approval. All securities issued pursuant to the Offering will be subject to a four month and one day hold period from the date of issuance.

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled a 55,000 net acre position across Oklahoma.

Jericho’s current operations are focused on various oil plays primarily in Oklahoma, with an acquisition focus on oil producing properties in North America.

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and 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. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, the intended use of the proceeds from the Offering and management’s intent to be opportunistic in the present environment and look to acquire what it perceives to be high quality assets in dislocated situations.  Although Jericho believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. In particular, there is no guarantee that any potential acquisition will be successfully completed. Forward-looking information and 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 information and statements which include, but are not limited to: the effects of and risks associated with the ongoing COVID-19 pandemic, the impact of general economic conditions, industry conditions and current and future commodity prices including sustained low oil prices, significant and ongoing stock market volatility, currency and interest rates, governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities inherent in oil and gas exploration, development and production operations; and the other factors described in our public filings available at www.sedar.com.  Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information and 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 information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Neither 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.

CONTACT:

Adam Rabiner

Director, Investor Relations

604.343.4534

a.rabiner@jerichooil.com

TULSA, Okla. and VANCOUVER, British Columbia, June 3, 2020 — Jericho Oil Corporation (“Jericho”) (TSX-V: JCO) announces that due to delays related to the COVID-19 pandemic, it has postponed filing of its quarterly financial statements and management’s discussion and analysis ended March 31, 2020 (“Q1 2020 Filings”), which were due to be filed on June 1, 2020.

Jericho will rely on the Canadian Securities Administrators’ blanket relief which provides a 45-day extension for periodic filings normally required to be made on or before June 1, 2020 as permitted by the BCSC’s Instrument 51-515 blanket relief. The Company anticipates the Q1 2020 Filings will be completed and filed by June 30, 2020.

The Company’s management and other insiders are subject to a trading blackout that reflects the principles in Section 9 of National Policy 11-207 — Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions.

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled a 55,000 net acre position across Oklahoma.

Jericho’s current operations are focused on various oil plays primarily in Oklahoma, with an acquisition focus on oil producing properties in North America.

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and 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. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Although Jericho believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Forward-looking information and 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 information and statements which include, but are not limited to: the effects of and risks associated with the ongoing COVID-19 pandemic, the impact of general economic conditions, industry conditions and current and future commodity prices including sustained low oil prices, significant and ongoing stock market volatility, currency and interest rates, governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities inherent in oil and gas exploration, development and production operations; and the other factors described in our public filings available at www.sedar.com.  Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information and 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 information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Neither 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.

CONTACT:

Adam Rabiner

Director, Investor Relations

604.343.4534

a.rabiner@jerichooil.com

TULSA, OK, and VANCOUVER, BC, June 12, 2020 — Further to its news release dated April 23, 2020, Jericho Oil Corporation (“Jericho”) (TSX-V: JCO) announces that it has closed a fully subscribed non-brokered private placement (the “Offering”) of 50 million units (the “Units”) at $0.10 CAD per Unit for gross proceeds of $5 Million.

Each Unit is comprised of one Common Share (a “Share”) and one Warrant (a “Warrant”), with each Warrant being exercisable for one additional Common Share at an exercise price of $0.13 CAD for a period of 36 months from the date of issuance.

Net proceeds from the Offering, which was led by existing shareholders and insiders, will be used for the acquisition of assets during the current market downturn and working capital.  Jericho will seek to acquire what it believes to be high-quality assets in special situations. While Jericho does not currently have any binding agreements to enter into any such transaction, having cash on hand allows it to be nimble as opportunities may present themselves.

 Brian Williamson, CEO, said, “We are grateful for the strong support of our long term, major investors, who despite these very challenging times, share our belief that the current situation could present tremendous growth opportunities for the Company.”

 All securities issued pursuant to the Offering are subject to a four month and one day hold period from the date of issuance. As a result, all Shares and Warrants that were issued are subject to a hold period expiring October 13, 2020.  The Offering remains subject to final acceptance of the TSX Venture Exchange (“TSX-V“). No finders’ fees or commissions were paid in connection with the Offering.

Insiders of Jericho acquired a total of 17,197,023 Units in the Offering (the “Insider Participation“). The Insider Participation is exempt from the valuation and minority shareholder approval requirements of Multilateral Instrument 61-101 Protection of Minority Securityholders in Special Transactions (“MI 61-101“) by virtue of the exemptions contained in Sections 5.5(a) and 5.7(1)(a) of MI 61-101 based on that the fair market value of such Insider Participation does not exceed 25% of Jericho’s market capitalization.

The securities referred to herein will not be or have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

About Jericho Oil Corporation
Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled a 55,000 net acre position across Oklahoma.

Jericho’s current operations are focused on various oil plays primarily in Oklahoma, with an acquisition focus on oil producing properties in North America.

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and 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. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. The forward-looking information and forward-looking statements contained herein include, but are not limited to, the intended use of the proceeds from the Offering and management’s intent to be opportunistic in the present environment and look to acquire what it perceives to be high quality assets in dislocated situations.  Although Jericho believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. In particular, there is no guarantee that any potential acquisition will be successfully completed. Forward-looking information and 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 information and statements which include, but are not limited to: the effects of and risks associated with the ongoing COVID-19 pandemic, the impact of general economic conditions, industry conditions and current and future commodity prices including sustained low oil prices, significant and ongoing stock market volatility, currency and interest rates, governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities inherent in oil and gas exploration, development and production operations; and the other factors described in our public filings available at www.sedar.com.  Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information and 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 information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Neither 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.

CONTACT:

Adam Rabiner

Director, Investor Relations

604.343.4534

a.rabiner@jerichooil.com

TULSA, Okla. and VANCOUVER, British Columbia, June 16, 2020 – Jericho Oil Corporation (“Jericho” or the “Company”) (TSX-V: JCO; OTC PINK: JROOF) announces that it has granted incentive stock options (the “Options”), pursuant to its stock option plan (the “Plan”), of 4,725,000 common shares of the Company, to certain directors and officers of the Company.

The Options are exercisable at a price of $0.15 CAD for a period of up to 5 years.

The Company also reports that as part of its ongoing, broad-based focus to decrease costs during the current market downturn, its senior management and operating team have been working at reduced compensation levels since the spring and the Board has also waived quarterly board of directors fees.

Brian Williamson, CEO of Jericho Oil, said, “Granting these stock options allows us to motivate and retain key personnel, preserve capital and accelerate the implementation of our growth strategy. As a company we are only as good as our people.  Our team’s willingness to roll back compensation and keep the team together in this environment shows their commitment to Jericho.”

About Jericho Oil Corporation

Jericho Oil (www.jerichooil.com) is focused on domestic, liquids-rich unconventional resource plays, located primarily in the Anadarko basin STACK play of Oklahoma.  Jericho’s primary business objective is driving long-term shareholder value through the growth of oil and gas production, cash flow and reserves.  Jericho has assembled a 55,000 net acre position across Oklahoma.

Jericho’s current operations are focused on various oil plays primarily in Oklahoma, with an acquisition focus on oil producing properties in North America.

This news release contains certain “forward-looking information” within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Such forward-looking information and 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. Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or may contain statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “will continue”, “will occur” or “will be achieved”. Although Jericho believes that the assumptions and factors used in preparing, and the expectations contained in, the forward-looking information and statements are reasonable, undue reliance should not be placed on such information and statements, and no assurance or guarantee can be given that such forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information and statements. Forward-looking information and 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 information and statements which include, but are not limited to: the effects of and risks associated with the ongoing COVID-19 pandemic, the impact of general economic conditions, industry conditions and current and future commodity prices including sustained low oil prices, significant and ongoing stock market volatility, currency and interest rates, governmental regulation of the oil and gas industry, including environmental regulation; geological, technical and drilling problems; unanticipated operating events; competition for and/or inability to retain drilling rigs and other services; the availability of capital on acceptable terms; the need to obtain required approvals from regulatory authorities; liabilities inherent in oil and gas exploration, development and production operations; and the other factors described in our public filings available at www.sedar.com.  Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information and 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 information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.

Neither 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.

CONTACT:

Adam Rabiner

Director, Investor Relations

604.343.4534

a.rabiner@jerichooil.com