Nextraction Energy Corp. Announces Proposed Prospectus Offering of Common Shares and Debentures for Gross Proceeds of Up to $...

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")
announces that the Company has entered into an agreement with Macquarie Private
Wealth Inc. (the "Agent") to offer for sale via short form prospectus, on a
commercially reasonable efforts agency basis, common shares of the Company for
gross proceeds of a minimum of $3 million and a maximum of $5 million along with
secured subordinated debentures for gross proceeds of a minimum of $2.5 million
and a maximum of $4 million (the "Offering"). Collectively, completion of the
minimum Offering will provide gross proceeds of $5.5 million and completion of
the maximum Offering will provide the Company with gross proceeds of $9 million.


The Company will pay the Agent a cash commission and has agreed to pay a
non-refundable corporate finance fee and certain of the Agent's reasonable costs
in connection with the Offering. Closing of the Offering is anticipated to occur
on or before June 28, 2013 and is subject to receipt of applicable regulatory
approvals including approval of the TSX Venture Exchange.


It is expected that the Company will file a short form prospectus in respect of
the Offering with the securities regulatory authorities in each of the provinces
of Canada, other than Quebec. The Company intends to file an Annual Information
Form shortly to qualify as a short form issuer. The Offering is subject to,
amongst other things, the successful completion of due diligence by the Agent,
completion of definitive documentation, the receipt of all necessary regulatory
approvals, including from the TSXV, and the receipt of certain consents and
waivers from the Company's existing lender.


The net proceeds of the Offering will be used for repayment of the Company's
$3.47 million mezzanine debt with Tallinn Capital, repayment of bridge loans
provided by certain directors of the Company, continued development of the
Company's light-oil properties located in Provost and Eyremore, Alberta and for
general and administrative purposes.


This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any securities, nor shall there be any sale of securities in any
state in the United States in which such offer, solicitation or sale would be
unlawful. The securities referred to herein have not been and will not be
registered under the United States Securities Act of 1933, as amended, and may
not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.


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 filing of the
Company's Annual Information Form and qualification as a short form issuer, 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; and 
iii. 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