Nextraction Energy Corp. Announces Loan Facility Amendment

Nextraction Energy Corp. (TSX VENTURE:NE) (the "Company" or "Nextraction")
announces that it has entered into an amending agreement to extend the principal
repayment of its non-revolving term loan facility (the "Loan Facility") with
Tallinn Capital Mezzanine Limited Partnership ("Tallinn"). Tallinn has agreed to
waive monthly net sales production minimum requirement and minimum current ratio
requirements which the Company had been in default of until September 30, 2013.
Furthermore, subject to the debentures proposed to be offered pursuant to the
Company's recently announced proposed short form prospectus offering (the
"Offering") being subordinated and postponed to the Loan Facility on terms
acceptable to Tallinn, the successful completion of the Offering and the Company
not otherwise being in default under the Loan Facility, Tallinn has also agreed
to waive requirements to repay the Loan Facility from proceeds of the Offering
beyond the first $2 million of the principal amount owing under the Loan
Facility on the earlier of September 30, 2013 or the closing of the Offering.


About Nextraction Energy Corp.

Nextraction Energy Corp. is a Canadian junior oil and natural gas company
engaged in the exploration and development of oil and natural gas resources in
the Western Canadian Basin. The Company's model is the "next round of extraction
on known plays." Nextraction targets oil focused projects along trends with
known reserves that provide low risk, high return development opportunities in
both conventional and unconventional resource projects. 


READER ADVISORY

Cautionary Note Regarding Forward Looking Statements

Certain statements made and information contained herein constitute
"forward-looking statements" or "forward-looking information" within the meaning
of applicable securities legislation. Often, but not always, forward-looking
statements or information can be identified by the use of words such as "plans",
"expects" or "does not expect", "is expected", "budget", "scheduled",
"estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or
"believes" or variations of such words and phrases or words and phrases that
state or indicate that certain actions, events or results "may", "may have",
"could", "would", "might" or "will" be taken, occur or be achieved.


These statements include, but are not limited to, those made above with respect
to future events or the Company's future performance, completion of definitive
documents, the anticipated timing for completion of the Offering, and the
receipt of necessary approvals.


Although management believes that the assumptions made and the expectations
represented by such statements or information are reasonable, there can be no
assurance that a forward-looking statement or information herein will prove to
be accurate. Forward- looking statements and information by their nature are
based on assumptions and involve known and unknown risks, uncertainties and
other factors which may cause our actual results, performance or achievements,
or industry results, to be materially different from any future results,
performance or achievements expressed or implied by such forward-looking
statements. Such assumptions, risks, uncertainties and factors include, but are
not limited to:




i.  closing of the Offering could be delayed if the Company cannot obtain
    necessary regulatory approvals or if definitive documents cannot be
    concluded between the parties within anticipated timelines; 
ii. closing of the Offering may not occur at all unless certain conditions
    for transactions of this kind are satisfied, including but not limited
    to the Company receiving a receipt in respect of its short form
    prospectus in a timely manner from the applicable securities regulatory
    authorities and receiving all necessary consents and waivers from its
    existing lender; 
iii.variations in market conditions may affect the Company's ability to
    close the Offering on the terms described above, or at all; and 
iv. unforeseen impacts or delays as the result of the recent flooding in
    southern Alberta.



Although the Company has attempted to identify important factors that could
cause actual results to differ materially, there may be other factors that cause
results not to be as anticipated, estimated, described or intended. Actual
results may vary materially from the information provided in this release, and
there is no representation by the Company that the actual results realized in
the future will be the same in whole or in part as those presented herein.
Accordingly, readers should not place undue reliance on forward-looking
statements or forward-looking information. These statements speak only as of the
date of this Press Release and are expressly qualified, in their entirety, by
this cautionary statement.


Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Nextraction Energy Corp.
Kent Edney, P.Eng.
President
[phone]


Nextraction Energy Corp.
Scott Badcock, CA
CFO
[phone]
[e-mail]
www.nextraction.com