Nextraction Energy Corp. Provides Update on Proposed Prospectus Offering

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 is continuing discussions with Macquarie Private
Wealth Inc. (the "Agent") in furtherance of finalizing definitive documentation
in respect of the short form prospectus offering previously announced by the
Company on May 15, 2013 (the "Offering").


The Company will provide an update on anticipated timing in due course as
closing of the Offering is subject to, amongst other things, the completion of
satisfactory due diligence by the Agent, completion of definitive documentation,
the receipt of all necessary regulatory approvals, including from the TSX
Venture Exchange, and the receipt of certain consents and waivers from the
Company's existing lender. The Offering will be conducted on a commercially
reasonable agency basis.


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, 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