Nextraction Energy Corp. Announces Loan Facility Extension

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR
DISSEMMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE
SECURITIES DESCRIBED HEREIN


Nextraction Energy Corp. (TSX VENTURE:NE) (the "Company" or "Nextraction") is
pleased to announce that it has entered into an amending agreement to extend its
non-revolving term loan facility (the "Loan Facility") with Tallinn Capital
Mezzanine Limited Partnership ("Tallinn"). Maturity of the Loan Facility has
been extended to November 30, 2013 and Tallinn has agreed to waive monthly net
sales production minimum requirements and minimum current ratio requirements
which the Company had been in default of until July 31, 2013. The Company has
agreed to repay $2 million of the principal amount owing under the Loan Facility
on the earlier of July 31, 2013 or the closing of the Offering. 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 proceeds raised. The outstanding balance owing under the
Loan Facility is approximately $3.37 million.


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, the repayment of the Loan
Facility, the anticipated completion of the Offering, and use of proceeds of the
Offering.


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 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; 
iii. completion of the Offering may not occur unless terms acceptable to
     Tallinn are agreed to with respect to the subordination and
     postponement of the debentures proposed to be offered under the
     Offering; and 
iv.  variations in market conditions may affect the Company's ability to
     close the Offering on the terms described above, or at all.



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.


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