Mr. Gerry Sheehan reports

NXT ENERGY SOLUTIONS PROVIDES OPERATIONAL UPDATE

NXT Energy Solutions Inc. has provided the following operational update.

Third quarter 2026 financial results

The company will release its Q3 2026 financial results on or before Nov. 16, 2026.

Gerry Sheehan, chief executive officer of NXT, commented, "The positive financial impact of our SFD surveys in Africa and South Asia is expected to be significant for the third and fourth quarters of 2026."

Completion of flight operations for African survey

On Aug. 26, 2026, NXT completed SFD flight operations for an oil and gas exploration company in Africa within 14 days. NXT's data interpretation and drilling recommendations are expected to be delivered to the client before the end of 2026.

Mobilization of flight operations for another SFD survey in South Asia

NXT's team has mobilized to South Asia to begin flight operations for another SFD survey. NXT's data interpretation and drilling recommendations are expected to be delivered to the client by the first quarter of 2027.

Vertical growth initiative: advancing the application of SFD technology in Canada

The company continues to advance the application of the company's proprietary SFD technology and data library containing 50,000 line kilometres of airborne geophysical data in the Western Canadian sedimentary basin. Baycrest Energy Ltd. continues to support NXT in evaluating strategic pathways related to this vertical growth initiative.

Aircraft ownership

NXT has exercised the early purchase option in its Cessna Citation 560 Ultra aircraft's capital lease. Together with the acquisition of the remaining rights to the SFD technology on Dec. 23, 2025, NXT has 100-per-cent unencumbered ownership of the operating assets required to deliver SFD services to clients.

Nominal debt levels

As of Sept. 30, 2026, NXT's long-term debt is approximately $519,000 at a 4-per-cent interest rate, due May, 2031. No convertible debentures or capital leases remain outstanding as of Sept. 30, 2026.

Coming company presentations

NXT will be attending and presenting at the following two conferences:

• LD Micro Main Event XX Los Angeles:
  • Date: Tuesday, Oct. 20, 2026;
  • Time: 9 a.m. PDT;
  • Register for the webcast;
• Planet MicroCap Toronto:
  • Date: Wednesday, Oct. 28, 2026;
  • Time: 8 a.m. EDT;
  • Register for the webcast.

About NXT Energy Solutions Inc.

NXT Energy is a Calgary-based technology company whose proprietary airborne SFD survey system, 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 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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