Mr. Michael Baker reports

NXT ENERGY SOLUTIONS ACQUIRES COMPLETE OWNERSHIP OF SFD TECHNOLOGY INCLUDING ALL REMAINING SFD APPLICATION RIGHTS

NXT Energy Solutions Inc. has acquired the remaining rights to the SFD technology previously owned by the heir of its founder and former NXT chief executive officer, George Liszicasz.

As a result of this transaction, NXT now holds full ownership of the SFD technology across all present and future applications, sensor uses and geophysical targets, including, but not limited to, mineral systems and other strategic subsurface resources. Prior to this acquisition, NXT held ownership of the SFD technology for hydrocarbon and geothermal applications.

"Consolidating full ownership of SFD technology under NXT simplifies our path forward," said Bruce Wilcox, NXT's CEO. "While our primary focus remains on serving the energy industry, this positions us to explore adjacent opportunities as they arise."

The transaction was completed on arm's-length terms. The heir of Mr. Liszicasz remains a significant shareholder of NXT.

About NXT Energy Solutions Inc.

NXT Energy is a Calgary-based technology company, the proprietary airborne SFD survey system of which, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD survey system enables the company's 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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