Mr. Bruce Wilcox reports

NXT ANNOUNCES CONVERTIBLE DEBENTURE CONVERSION

Ataraxia Capital, has converted all its debentures, totalling $2.3-million (U.S.), into 13,540,208 common shares of NXT Energy Solutions Inc. Ataraxia now owns approximately 14.6 per cent of the issued and outstanding common shares of NXT.

Bruce G. Wilcox, chief executive officer of NXT, said: "We are very pleased that our strategic alliance partner, Ataraxia, is now a significant shareholder. I especially express my gratitude to Dr. Daere Akobo, CEO of Ataraxia, for his leadership and support during this period of change for NXT."

About NXT Energy Solutions Inc.

NXT Energy Solutions 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 our 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 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.