Mr. Eugene Woychyshyn reports

NXT RECEIVES PAYMENT TOWARDS THE CLOSING OF SECOND TRANCHE OF THE US$2.3 MILLION CONVERTIBLE DEBENTURE

NXT Energy Solutions Inc. has received an additional $200,000 (U.S.) of the previously announced $2.3-million (U.S.) convertible debenture from Ataraxia Capital, an affiliate of Synergy E&P Technologies Ltd. (Ataraxia). The total amount received to date is $1.4-million (U.S.). The terms of the $1.4-million (U.S.) of the convertible debenture received to date include an interest rate of 10 per cent, paid quarterly, and a fixed conversion price of 19.4 cents (14.3 U.S. cents) per common share. Ataraxia intends to advance the remaining $900,000 (U.S.) in the near future with the conversion price adjusted to reflect the higher market price of NXT's shares.

The proceeds from the convertible debenture will finance general and administrative costs including business development and marketing activities to convert NXT's existing opportunity pipeline into firm contracts.

About NXT Energy Solutions Inc.

NXT Energy is a Calgary-based technology company whose proprietary SFD survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method, which can be used both onshore and offshore, to remotely identify traps and reservoirs with hydrocarbon and geothermal exploration potential. The SFD survey system enables clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD is environmentally friendly and unaffected by ground security issues or difficult terrain, and is the registered trademark of NXT Energy. NXT Energy provides its clients with an effective and reliable method to reduce time, costs and risks related to exploration.

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