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CORPORATE PRESENTATION
(UPDATED September 19, 2012)




                               1
Disclaimer and Forward-looking Statements

 This presentation is not intended to be used as an Offering Document.

 The information contained in this document may include forward-looking statements including
 opinions, assumptions, estimates and expectations of future prospects for the Company and financial
 projections. When used in this document, the words "anticipate," "believe", "estimate," "expect,"
 "intend," "may," "project," "plan," "will," "should" and similar expressions are intended to be among the
 statements that identify 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 forward-looking statements are
 reasonable; there can be no assurance that such expectations will be realized. Any number of
 important factors could cause actual results to differ materially from those in the forward-looking
 statements including, but not limited to, volatility of oil and natural gas prices, changes in the oil and
 gas industry, the Company’s ability to implement corporate strategies and obtain financing, the state of
 capital markets, operating and technology risks, changes in general economic conditions and other
 factors more fully described from time to time in the reports and filings made by the Company with
 securities regulatory authorities.

 Neither the TSX-Venture nor the OTCBB Exchanges accept responsibility for the adequacy
 or accuracy of any information contained in this document.



                                                                                                              2
NXT Energy Solutions

Disruptive Patent Pending Airborne Survey Technology for Oil & Gas Exploration
      •    We fly at 470 kms per hour at an altitude of 3000 meters
      •    SFD® works onshore, offshore, and over any terrain
      •    Significantly reduces time, cost, and risk to discovery and no environmental impact.
      •    The only tool that can detect trapped reservoirs at stage I of the exploration cycle

Profitable and Commercially Proven
       •    Q1 and YTD record revenue and profit; Two consecutive profitable quarters
       •    Discoveries in Canada, USA and Colombia
       •    Repeat customers, Case Studies, Look-back Study
       •    Commencement of Data Sales

Media Coverage and Exposure
     •   Testimonials, Newsletters, Articles, Research Coverage, Interviews

Contract and Pipeline Activity is Robust
     •     Backlog of contracts for balance of 2012
     •     Largest pipeline ever
     •     Large proprietary data bank

Vast Market Opportunity
      •   $12B annual geophysical market




                                                                                                  3
Capitalization

TSX-V: SFD, OTCBB: NSFDF
Capitalization - Shares Outstanding (millions)
     39.5       Common shares issued
     10.0*      Convertible Preferred shares (convert at 1:1, mature Dec 31, 2015)
      3.1       Stock options (average exercise price $0.85)
      4.5       Warrants (US $1.20 exercise, expire from March 8 to May 4, 2014)
     57.1       Fully diluted # of shares

D&O Insider Ownership – 15.9% Basic, 32% Fully diluted

52 Week High/Low: $0.56 - $1.17
Debt-Free Balance Sheet ~ $2.5 million cash


* Does not represent debt or debt service…converts 1:1 to common on achievement of milestones



                                                                                                4
We identify the best oil and gas prospects in 1/10th of the
 time, and 1/10th of the cost of seismic methods onshore




   Focuses costly seismic resources on high-graded prospect areas.
SFD® shows explorers where to shoot.   Seismic shows them where to drill.

                                                                            5
115 km Seismic vs. 2,500 line kms SFD®

                                            Data Coverage for $3.5 Million
          2500


          2000
Line Kilometers




          1500


          1000


                  500


                    0
                        2D Seismic    SFD       5,000 sq. km.
                            Survey Method                                        SFD ® (5x5)
                                                                                 Seismic


                                              20x more ground covered
                                      Eliminates 90% of reconnaissance seismic
                                                                                               6
SFD ® Applications


                      Identification of trapped reservoirs




•   Kick-Start New Basin Evaluation
•   Conduct Rapid Prospect-Scale Reconnaissance
•   Evaluate Bid Round Blocks
•   Explore Over Water and Difficult Terrain
•   Optimize Seismic Surveys
•   Verification of Prospects selected by Seismic




                                                             7
Technology

     •   Subsurface stress is caused by tectonic movements. Stress can either be in the
         form of compression, stretching/tensile, or shear stress (e.g. tearing paper sheet)
     •   Stress affects the gravitational field potential and causes distortions in the field.
         Fluid trapping reservoirs will affect the stress around them.
     •   Thus, these stress changes will impact the direction/orientation of the gravitational
         field.
     •   22 sensors on the aircraft detect orientation changes in the horizontal gravity field




‘SH Max’ is
the direction
of maximum
horizontal
stress.

                                                                        SFD sensor

                                                                                                 8
SFD® responds to perturbations in the gravity field
      related to changes in stress direction




                Gravity field is distorted by stress


  Discontinuities affect
  regional/local stress distribution


SH max
                      SH min


                                                       changes in stress orientation
                                                       entering reservoir



                                                                                       9
Robust Contractual and Pipeline Activity

             Selected list of recent contracts and near-term pipeline objectives.

                      Status                Location                    Value

                                           Colombia,
                     Complete                                     $ 3.5 million
                                           Guatemala

                     Complete               Argentina             $1.65 million

                Completion in Q4-12          Mexico               $ 4.7 million
Near-term
Objectives
                    Contracted              South Asia           $ 2.66 million

                     Pipeline             Latin America           $ 6.0 million

                     Pipeline               Paraguay                  $ 3 million

                     Pipeline               Colombia            $ 1 - $ 5 million

                                > $20 million in sole source quotes
                                                                                    10
Current and Future Revenue Streams


1. Service Fees

2. Data Sales
    In Colombia alone over 40,000 km of proprietary
    data have been acquired
    Additional data added with each new survey


3. Royalty
    Existing GORR contracts in Canada (Pengrowth
    ~ BC Horn River Basin; Alberta ~ Swan Hills)


4. Vertical Expansion
    Equity ownership, long term contracts




                                                      11
Vast Market Opportunity

2010 E&P Market:
$447 Billion                                     $12 Billion
                                             Global Geophysics
                                                  Market                              1% = $120 million




                                                                             NXT Revenue Targets
                                                                   2012                $13 Million                      0.11%
                                                                   2013                 $20 Million                     0.17%
                                                                   2014                 $40 Million                     0.33%

                                                                   Best Previous Year - $5.3 Million

       Source: Spears Oilfield Market Report, 2010; Barclay’s Original E&P Spending Survey, 2010; NXT Market Analysis

                                                                                                                                12
Record Revenue and Profitability in Q1’12
    and 2012 YTD

                                                     Q2 2012            Q2 2011                                                               Q1 2012         Q1 2011


Survey Revenue                                   $ 2,394,863        $     144,650           Survey Revenue                                $ 2,815,320     $             -


EBITDA                                           $     243,806      $ (1,346,706)           EBITDA                                        $     501,400   $    (703,466)


Net Income (Loss)                                $      30,660      $ (1,485,227)           Net Income (Loss)                             $     337,928   $    (792,717)


Basic and Diluted Earnings (Loss) per share      $             -    $       (0.02)          Basic and Diluted Earnings (Loss) per share   $        0.01   $       (0.02)




                                                                                                         YTD 2012           YTD 2011


                                              Survey Revenue                                         $ 5,210,183        $     144,650


                                              EBITDA                                                 $     745,206      $ (2,050,172)


                                              Net Income (Loss)                                      $     368,588      $ (2,277,944)


                                              Basic and Diluted Earnings (Loss) per share            $        0.01      $       (0.04)




                                                                                                                                                                            13
Board and Management


   Management                   Non-Executive                      Geosciences
                                  Directors                       Advisory Board
 George Liszicasz                 Charles Selby
    Chairman & CEO            Caledonian Royalty Corporation
                                                                  Dr. George Iusco
                                                                         Repsol
 Greg Leavens, C.A.           Mickey Abougoush
  Chief Financial Officer         Teknica Overseas Ltd.

Andy Steedman, M.B.A              Tom Valentine
                                    Norton Rose LLP              Dr. Carlos Vargas
     V-P Operations                                               University of Colombia
                              Brian Kohlhammer
Grafton Withers, M.B.A               Delphi Energy Corp.

  V-P Marketing & Sales                                         Dr. Cleveland Jones
                                    John Agee
                                    Business Advisor           State Univ. of Rio De Janeiro



  Extensive public               Solid global                       Outstanding
company experience          management experience                scientific credibility



                                                                                               14
Highlights

• Disruptive Technology for Oil & Gas Exploration

• Profitable and Commercially Proven

• Contract and Pipeline Activity is Robust

• Vast Market Opportunity


                            THANK YOU!




                                                    15

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NXT Energy Corporate Presentation September 2012

  • 2. Disclaimer and Forward-looking Statements This presentation is not intended to be used as an Offering Document. The information contained in this document may include forward-looking statements including opinions, assumptions, estimates and expectations of future prospects for the Company and financial projections. When used in this document, the words "anticipate," "believe", "estimate," "expect," "intend," "may," "project," "plan," "will," "should" and similar expressions are intended to be among the statements that identify 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 forward-looking statements are reasonable; there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, volatility of oil and natural gas prices, changes in the oil and gas industry, the Company’s ability to implement corporate strategies and obtain financing, the state of capital markets, operating and technology risks, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities. Neither the TSX-Venture nor the OTCBB Exchanges accept responsibility for the adequacy or accuracy of any information contained in this document. 2
  • 3. NXT Energy Solutions Disruptive Patent Pending Airborne Survey Technology for Oil & Gas Exploration • We fly at 470 kms per hour at an altitude of 3000 meters • SFD® works onshore, offshore, and over any terrain • Significantly reduces time, cost, and risk to discovery and no environmental impact. • The only tool that can detect trapped reservoirs at stage I of the exploration cycle Profitable and Commercially Proven • Q1 and YTD record revenue and profit; Two consecutive profitable quarters • Discoveries in Canada, USA and Colombia • Repeat customers, Case Studies, Look-back Study • Commencement of Data Sales Media Coverage and Exposure • Testimonials, Newsletters, Articles, Research Coverage, Interviews Contract and Pipeline Activity is Robust • Backlog of contracts for balance of 2012 • Largest pipeline ever • Large proprietary data bank Vast Market Opportunity • $12B annual geophysical market 3
  • 4. Capitalization TSX-V: SFD, OTCBB: NSFDF Capitalization - Shares Outstanding (millions) 39.5 Common shares issued 10.0* Convertible Preferred shares (convert at 1:1, mature Dec 31, 2015) 3.1 Stock options (average exercise price $0.85) 4.5 Warrants (US $1.20 exercise, expire from March 8 to May 4, 2014) 57.1 Fully diluted # of shares D&O Insider Ownership – 15.9% Basic, 32% Fully diluted 52 Week High/Low: $0.56 - $1.17 Debt-Free Balance Sheet ~ $2.5 million cash * Does not represent debt or debt service…converts 1:1 to common on achievement of milestones 4
  • 5. We identify the best oil and gas prospects in 1/10th of the time, and 1/10th of the cost of seismic methods onshore Focuses costly seismic resources on high-graded prospect areas. SFD® shows explorers where to shoot. Seismic shows them where to drill. 5
  • 6. 115 km Seismic vs. 2,500 line kms SFD® Data Coverage for $3.5 Million 2500 2000 Line Kilometers 1500 1000 500 0 2D Seismic SFD 5,000 sq. km. Survey Method SFD ® (5x5) Seismic 20x more ground covered Eliminates 90% of reconnaissance seismic 6
  • 7. SFD ® Applications Identification of trapped reservoirs • Kick-Start New Basin Evaluation • Conduct Rapid Prospect-Scale Reconnaissance • Evaluate Bid Round Blocks • Explore Over Water and Difficult Terrain • Optimize Seismic Surveys • Verification of Prospects selected by Seismic 7
  • 8. Technology • Subsurface stress is caused by tectonic movements. Stress can either be in the form of compression, stretching/tensile, or shear stress (e.g. tearing paper sheet) • Stress affects the gravitational field potential and causes distortions in the field. Fluid trapping reservoirs will affect the stress around them. • Thus, these stress changes will impact the direction/orientation of the gravitational field. • 22 sensors on the aircraft detect orientation changes in the horizontal gravity field ‘SH Max’ is the direction of maximum horizontal stress. SFD sensor 8
  • 9. SFD® responds to perturbations in the gravity field related to changes in stress direction Gravity field is distorted by stress Discontinuities affect regional/local stress distribution SH max SH min changes in stress orientation entering reservoir 9
  • 10. Robust Contractual and Pipeline Activity Selected list of recent contracts and near-term pipeline objectives. Status Location Value Colombia, Complete $ 3.5 million Guatemala Complete Argentina $1.65 million Completion in Q4-12 Mexico $ 4.7 million Near-term Objectives Contracted South Asia $ 2.66 million Pipeline Latin America $ 6.0 million Pipeline Paraguay $ 3 million Pipeline Colombia $ 1 - $ 5 million > $20 million in sole source quotes 10
  • 11. Current and Future Revenue Streams 1. Service Fees 2. Data Sales In Colombia alone over 40,000 km of proprietary data have been acquired Additional data added with each new survey 3. Royalty Existing GORR contracts in Canada (Pengrowth ~ BC Horn River Basin; Alberta ~ Swan Hills) 4. Vertical Expansion Equity ownership, long term contracts 11
  • 12. Vast Market Opportunity 2010 E&P Market: $447 Billion $12 Billion Global Geophysics Market 1% = $120 million NXT Revenue Targets 2012 $13 Million 0.11% 2013 $20 Million 0.17% 2014 $40 Million 0.33% Best Previous Year - $5.3 Million Source: Spears Oilfield Market Report, 2010; Barclay’s Original E&P Spending Survey, 2010; NXT Market Analysis 12
  • 13. Record Revenue and Profitability in Q1’12 and 2012 YTD Q2 2012 Q2 2011 Q1 2012 Q1 2011 Survey Revenue $ 2,394,863 $ 144,650 Survey Revenue $ 2,815,320 $ - EBITDA $ 243,806 $ (1,346,706) EBITDA $ 501,400 $ (703,466) Net Income (Loss) $ 30,660 $ (1,485,227) Net Income (Loss) $ 337,928 $ (792,717) Basic and Diluted Earnings (Loss) per share $ - $ (0.02) Basic and Diluted Earnings (Loss) per share $ 0.01 $ (0.02) YTD 2012 YTD 2011 Survey Revenue $ 5,210,183 $ 144,650 EBITDA $ 745,206 $ (2,050,172) Net Income (Loss) $ 368,588 $ (2,277,944) Basic and Diluted Earnings (Loss) per share $ 0.01 $ (0.04) 13
  • 14. Board and Management Management Non-Executive Geosciences Directors Advisory Board George Liszicasz Charles Selby Chairman & CEO Caledonian Royalty Corporation Dr. George Iusco Repsol Greg Leavens, C.A. Mickey Abougoush Chief Financial Officer Teknica Overseas Ltd. Andy Steedman, M.B.A Tom Valentine Norton Rose LLP Dr. Carlos Vargas V-P Operations University of Colombia Brian Kohlhammer Grafton Withers, M.B.A Delphi Energy Corp. V-P Marketing & Sales Dr. Cleveland Jones John Agee Business Advisor State Univ. of Rio De Janeiro Extensive public Solid global Outstanding company experience management experience scientific credibility 14
  • 15. Highlights • Disruptive Technology for Oil & Gas Exploration • Profitable and Commercially Proven • Contract and Pipeline Activity is Robust • Vast Market Opportunity THANK YOU! 15