NXT Announces Operational Update and Investor Conference Call

    




 CALGARY, Dec. 12, 2011 /CNW/ - NXT Energy Solutions Inc. ("NXT" or the  "Company") , announces progress updates  on its various SFD(®) projects. 

 Colombia: 

 NXT has completed airborne SFD(®) data acquisition operations on four exploration blocks in Colombia and  expects to receive a progress payment exceeding 50% of the US $3  million contract value before December 31. NXT's Final Report on the  project is expected to be delivered to the client in mid January, 2012. 

 Argentina: 

 The SFD(®) survey aircraft is currently redeploying to Argentina to commence a US  $1.7 million project.  NXT expects to complete SFD(®) data acquisition in January, 2012. 

 Guatemala: 

 NXT expects to sign a binding agreement on the recently awarded US $0.7  million survey contract in December 2011, and plans to commence SFD(®) survey operations for this project in January, 2012. 

 South Asia: 

 The Company expects final permitting for the signed US $2.7 million SFD(®) survey contract to be granted in January, 2012 and is anticipating SFD(®) operations to commence in Q1, 2012. 

 George Liszicasz, NXT's President & CEO, noted "I am very proud of our  team, their timely execution of the sizeable Colombia project, and the  quality of our growing client base.  Our efforts to expand our presence  into key Latin America markets is gathering momentum and yielding  successes". 

 NXT will be hosting an investor conference call to discuss its  operational updates and plans for the upcoming year at 11 a.m. mountain  standard time on Thursday, December 15, 2011. Callers may dial 1‐  888‐231‐8191 (Toronto local dial 647‐427‐7450) and enter conference ID  35279936. 

 In addition, NXT notes that a number of holders of common share purchase  warrants have recently voluntarily exercised a total of 700,000  warrants at an exercise price of $0.60 per share ahead of the February  16, 2012 expiry date. This resulted in proceeds to the Company of  $420,000. 

 NXT is a Calgary based company whose proprietary airborne Stress Field  Detection ("SFD(®)") survey system provides a revolutionary survey method that can be used  both onshore and offshore to remotely identify potential hydrocarbon  traps and reservoirs.  NXT provides its clients an efficient and  reliable method to reduce time, costs, and risks related to exploration  surveys. The SFD(®) survey system enables our clients to more efficiently focus their  hydrocarbon exploration decisions concerning land commitments, data  acquisition expenditures and prospect prioritization onto the areas  with the greatest potential. SFD(®) is environmentally friendly and unaffected by ground security issues or  difficult terrain, and is the registered trademark of NXT Energy  Solutions Inc. 

 Forward-Looking Statements 

 This news release includes forward-looking statements.  When used in  this document, words such as "intended", "anticipate", "expects",  "plans" and "scheduled", are forward-looking statements.   Forward-looking statements are subject to a wide range of risks and  uncertainties, and although the Company believes that the expectations  represented by such a forward-looking statement are reasonable; there  can be no assurance that such expectations will be realized.  Any  number of factors can cause actual results to differ materially from  those in the forward-looking statements.  

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

NXT Energy Solutions Inc.


CONTACT:  _________________________________________________________________|Greg Leavens, VP Finance & CFO  |Jeremy Dietz                    ||________________________________|________________________________||NXT Energy Solutions Inc.       |The Equicom Group               ||________________________________|________________________________||505 - 3rd Street SW, Suite 1400 |300 - 5th Avenue SW, 10th Floor ||________________________________|________________________________||Calgary, Alberta, Canada T2P 3E6|Calgary, Alberta, Canada T2P 3C4||________________________________|________________________________||Tel: [phone]             |Tel: [phone]             ||________________________________|________________________________||Fax: [phone]             |[e-mail]         ||________________________________|________________________________||[e-mail]          |                                ||________________________________|________________________________||www.nxtenergy.com               |                                ||________________________________|________________________________| 


    

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