Mr. Bruce Wilcox reports

NXT ENERGY SOLUTIONS PROVIDES OPERATIONAL UPDATE

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

Completion of data acquisition operations for African survey

NXT has completed SFD data acquisition over 14 flight days, for an oil and gas exploration company in Africa, through NXT's strategic partner, Synergy Exploration and Production Technologies Ltd. NXT's interpretation recommendations are expected to be delivered during the second quarter of 2025.

Update on SFD surveys in Southeast Asia and Pakistan

NXT's Cessna 560 Ultra aircraft will shortly begin its scheduled major maintenance to prepare for two previously announced SFD surveys. The Southeast Asian SFD survey is planned to commence in April, 2025, with recommendations expected in May, 2025. With respect to Pakistan, Al-Haj Enterprises Pvt. Ltd.'s SFD data acquisition is expected to commence in the third quarter of 2025, followed by recommendations during the fourth quarter.

Bruce G. Wilcox, chief executive officer of NXT, commented: "The positive financial impact of our SFD surveys in Africa, Southeast Asia and South Asia is expected to be significant for the first quarter and for full-year 2025. NXT is focused on additional regional market penetration with multiple customers in each of these three regions."

2024 year-end and Q1 2025 financial results

The company intends to release its fourth quarter and full-year 2024 financial results during the week of March 24, 2025, and its first quarter 2025 financial results in the first half of May, 2025.

About NXT Energy Solutions Inc.

NXT Energy Solutions 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 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 Solutions. NXT Energy Solutions provides its clients with an effective and reliable method to reduce time, costs and risks related to exploration.

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