Jericho Oil Corporation To Resume Trading; Receives Final 51-101 Report Approval

Mr. Allen Wilson, President and CEO of Jericho Oil Corporation ("Jericho" or the
"Company") (TSX VENTURE:JCO) announces that the Company's common shares will
resume trading on the TSX Venture Exchange at the market open on Tuesday, March
25, 2014. Jericho has acquired a 50% working interest in two oil lease packages
located in Douglas, Linn and Miami Counties, Kansas ("the Kansas Properties").
The Kansas Properties comprise 21 leases (2,688 acres) with current production
of 51 barrels of 23 degrees API oil per day. Further to the Company's December
18, 2013 news release, the independent reserve report prepared on the Kansas
Properties by B.L Whelan. P. Geo. in accordance with National Instrument 51-101
(the "Reserve Report") has been updated to an effective date of December 31,
2013 as revised March 7, 2014. The Reserve Report has been accepted for filing
by the TSX Venture Exchange. 


The Reserve Report attributes an NPV for Proved, Developed Reserves of
$1,882,000 (before taxes and undiscounted) to Jericho's 50% working interest in
the Kansas Properties. The Reserve Report utilized Sproule Consulting's December
31, 2013 forward oil price curve. This NPV does not represent fair market value
of the reserves. Only Proved Developed Reserve estimates prepared in accordance
with NI 51-101 can be provided at this time as a result of limited historical
data. A reserve report encompassing a full 2P & 3P evaluation is in process and
forthcoming from the Company. 


Jericho also announces the granting of 3.4 million stock options in accordance
with its 2013 incentive stock option plan. The options are being issued to
officers, directors, employees and consultants. Options issued to consultants
providing investor relations services to the Company will vest over a 12 month
period at a rate of 25% every three months. All of the options are exercisable
at $0.30 per share for a period of 5 years from the date of grant.


Jericho has engaged Tony Blancato, based in the New York metro area, as an
independent consultant to provide investor relations services to the company.
Jericho has hired Adam Rabiner, based in British Columbia, to manage the
Company's corporate communications. Messrs. Blancato and Rabiner, as Directors,
Investor Relations and Corporate Communications respectively, will be
responsible for communicating with the global investment community, including
liaising with Company's shareholders, prospective shareholders and other key
target audiences. Both will receive an allocation of incentive stock options
from Jericho and report directly to the CEO. Jericho's anticipated budget for
investor relations and corporate communications, inclusive of consulting fees,
employee compensation and promotion efforts, is expected to be approximately
$350,000 during the first 12 months.


The TSX Venture Exchange has in no way passed upon the merits of the proposed
transaction and has neither approved nor disapproved the contents of this press
release.


ON BEHALF OF THE BOARD 

Allen Wilson, President, C.E.O. and Director

About Jericho Oil Corporation

Jericho (TSX VENTURE:JCO) is focused on growth through consistent, predictable
and repeatable high margin conventional oil production by bringing new and
proven technology to legacy, onshore basins in North America. Jericho has
acquired a 50% working interest in two oil producing lease packages located in
Eastern Kansas, comprising 2,688 acres. Jericho will be undertaking an extensive
development program over the next 12 months in partnership with a dedicated,
experienced local operator with the aim of enhancing production and reserves.
For more information, please visit www.jerichooil.com. 


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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Jericho Oil Corporation
Allen Wilson
President, C.E.O. and Director
(604) 343-4534
(604) 681-4760 (FAX)
Jericho Oil (TSXV:JCO)
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