NXT Signs Letter of Intent for SFD® Surveys in Six Blocks and in Two Countries

CALGARY, June 30, 2011 /CNW/ -- 
CALGARY, June 30, 2011 /CNW/ - NXT Energy Solutions Inc ("NXT")
 (TSX-V:SFD; NASDAQ-OTCBB:NSFDF), today announced the signing of a
 Letter of Intent ("LOI") with an existing client to execute six SFD®
 contracts, which includes five surveys in Colombia and one survey in
 Guatemala. NXT has commenced project planning and is scheduled to
 mobilize and complete flight operations in the third quarter of 2011.


"This LOI with an existing client further validates our SFD® technology
 as an integral tool for the exploration of hydrocarbons. This client's
 expanded use of SFD® into multiple countries and geological regions
 speaks directly to the growing confidence in our technology," said
 George Liszicasz, NXT President and CEO. "We look to leverage this
 success as we continue to expand our presence in Latin America."


The LOI and work program have an estimated value in excess of USD $4
 million, which is subject to certain conditions and the execution of
 definitive agreements.  The definitive agreements shall follow the form
 and terms of a previous agreement executed by the parties.  The LOI
 does not impose a binding obligation on either party but does document
 the intentions of the parties to proceed expeditiously to the execution
 of the definitive agreements.


NXT is a Calgary based company providing airborne detection solutions to
 support hydrocarbon exploration enabling our clients to focus their
 exploration decisions concerning land commitments, data acquisition
 expenditures and prospect prioritization onto the areas with the
 greatest potential. NXT's proprietary airborne Stress Field Detection
 ("SFD®") survey system provides a unique survey method that remotely
 identifies potential traps and reservoirs. SFD® is environmentally
 friendly and unaffected by ground security issues or difficult terrain
 and is effective both onshore and offshore. NXT provides its clients an
 efficient and reliable method to conduct frontier surveys to support
 exploration. SFD® is the registered trademark of NXT Energy Solutions
 Inc.


Forward-Looking Statement


This news release includes a forward-looking statement.  When used in
 this document, words such as "see", "anticipate" 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
 statement. 


Neither 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.


 


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