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Mr. Krishna Vathyam Joins the NXT Board of Directors
Published : January 29, 2013
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Keywords :   Capital Markets | Colombia | Oil |

CALGARY, ALBERTA--(Marketwire - Jan. 29, 2013) - NXT Energy Solutions Inc. ("NXT" or the "Company") (News - Market indicators) (OTCBB:NSFDF) is pleased to announce that Mr. Krishna Vathyam has joined the Board of Directors.

Mr. Vathyam is currently the Chairman and CEO of Petrodorado Energy Ltd. ("Petrodorado") and has extensive experience in international markets; having spent 23 years with Schlumberger, a leading global oilfield services company. Petrodorado is a strongly funded Colombia focused junior E&P which Mr. Vathyam founded in early 2009, and has growing exposure to NXT's existing SFD® survey technology data in Colombia. Specifically, Petrodorado acquired a 49.5% working interest in an exploration block within Putumayo Basin of Colombia, in an area which was subject to a past SFD® aerial survey identifying reservoir prospects.

"We are proud and excited that Krishna is joining the NXT Board of Directors," said George Liszicasz, President and CEO of NXT. "Krishna is a veteran of the oil and gas industry with proven capital markets experience and has demonstrated abilities to understand the challenges of today's leading E&P companies. His insight will help NXT to continue to improve our business model, and to expand our unique exploration service in international markets".

Mr. Vathyam joins NXT's current Board of Directors members George Liszicasz, NXT Chairman, President and CEO; Charles Selby, Chairman and CEO of Montana Exploration Corp.; John Agee, retired business advisor; Mickey Abougoush, Chairman of Teknica Overseas Ltd.; and Tom Valentine, Partner with law firm Norton Rose LLP. NXT has issued a total of 150,000 stock options, with an exercise price of $0.76 to Mr. Vathyam. These options have a five year term to January 25, 2018, with entitlement to exercise the options vesting one third at the end of each year over a three year period.

NXT is a Calgary based company whose proprietary airborne Stress Field Detection ("SFD®") survey system provides a survey method that can be used both onshore and offshore to remotely identify areas with exploration potential for traps and reservoirs. The SFD® survey system enables our clients to focus their hydrocarbon exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on 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. NXT provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The company's securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States unless an exemption from such registration is available.

Forward-Looking Statements

This news release may include forward-looking statements. When used in this document, words such as "intends", "plans", "anticipates", "expects" 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 forward-looking statements 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. Risk factors facing NXT are described in its most recent MD&A for the year ended December 31, 2011 which has been filed electronically by means of the System for Electronic Document Analysis and Retrieval ("SEDAR") located at Such forward-looking statements are made as at the date of this news release, and the Company assumes no obligation to update or revise them, either publicly or otherwise, to reflect new events, information or circumstances, except as may be required under applicable securities law.

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

Investor Relations
kin communications inc.
(604) 684-6730 / 1-866-684-6730
Greg Leavens
NXT Energy Solutions Inc.
V-P Finance & CFO
(403) 206-0805
George Liszicasz
NXT Energy Solutions Inc.
President & CEO
(403) 206-0800
Companies Mentionned : Nxt Energy | Terrain | Total |
Data and Statistics for these countries : Colombia | All
Gold and Silver Prices for these countries : Colombia | All

NXT Energy Solutions Inc.

ISIN : CA62948Q1072
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NXT Energy is an exploring company based in Canada.

NXT Energy is listed in Canada, in Germany and in United States of America. Its market capitalisation is CA$ 80.5 millions as of today (US$ 64.8 millions, € 58.6 millions).

Its stock quote reached its highest recent level on January 04, 2008 at CA$ 4.90, and its lowest recent point on April 21, 2011 at CA$ 0.29.

NXT Energy has 44 960 000 shares outstanding.

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Financings of NXT Energy Solutions Inc.
6/17/2009 Completes Small Private Placement
Option Grants of NXT Energy Solutions Inc.
2/28/2011Grants150,000 Options to Insider and reprices 1,615,000
Nominations of NXT Energy Solutions Inc.
8/26/2013Announces Filing of Q2-2013 Results and the Appointment of M...
8/26/2013Announces Filing of Q2-2013 Results and the Appointment of M...
1/29/2013Mr. Krishna Vathyam Joins the NXT Board of Directors
4/27/2011Announces New Appointment to Geosciences Advisory Board
1/16/2009 Appoints Chief Operating Officer
Financials of NXT Energy Solutions Inc.
4/24/2013Announces Strong 2012 Year-End Results
Corporate news of NXT Energy Solutions Inc.
9/26/2013Provides Update on Recent Business Development Initiatives
7/25/2013Announces Completion and Presentation of Joint Paper Co-Auth...
7/8/2013Announces Granting of Incentive Stock Options
7/2/2013Announces the Completion of PEMEX Integration Study and Auth...
5/28/2013Announces SEDAR Filing of Q1-2013 Results and Conversion of ...
4/2/2013Management Team Enhanced With The Hiring of Mr. Atul Nautiya...
3/14/2013Nearing Completion of South Asia Survey Project
2/15/2013to Present at the EnerCom Oil & Services Conference 11
2/8/2013Secures US $4.73 Million SFD(R) Survey Contract With Petrole...
1/22/2013Presents at MicroCapClub Invitational
1/10/2013Announces Record Revenue Year in 2012, and Provides Update o...
12/28/2012Announces Granting of Incentive Stock Options
12/28/2012Announces Granting of Incentive Stock Options
12/18/2012Announces Completion of US $5.8 Million SFD Aerial Survey Co...
11/5/2012Announces Update On Status of US $5.8 Million Survey Contrac...
10/4/2012Announces US $1.04 Million Expansion of Survey Contract for ...
9/20/2012Finalizes US $4.73 Million PEMEX Contract, Initiates New Sur...
9/12/2012Secures US $4.73 Million SFD(R) Survey Contract With Petrole...
7/11/2011Announces Management Change and Appointment of Leading I...
6/30/2011Signs Letter of Intent for SFD® Surveys in Six Blocks and in...
4/14/2011Announces Revised Date to Investor's Conference Call to Apri...
4/4/2011Announces a $150,000 Pilot Survey Contract, April Oil & Gas ...
2/17/2011Announces Closing of Financing
2/11/2011Announces Financing
12/22/2009Grants Common Share Options in 2009
10/26/2009Announces the Execution of SFDTM Survey Contract With a New ...
9/21/2009 Operational Update
7/23/2009Attending At Exploration Symposium In Colombia
7/15/2009 Completes US $2.3 Million Survey for Pacific Rubiales
5/13/2009Execution of SFD Survey Contract and Commencemnt of Colombia...
10/15/2008Retains the Howard Group to Provide Investor and Financial R...
10/8/2008 Changes OTCBB Trading Symbol to "NSFDF"
10/3/2008to Present at Venezualan Geophysical Congress
9/22/2008Changes Its Name to NXT Energy Solutions Inc.
7/16/2008Annual General Meeting and Contract Update
5/1/2008 Provides an Update on SFD Survey Contracts
4/16/2008Announces Update on Drilling Activity on SFD Prospect
4/10/2008Reports 2007 Financial and Operational Results
3/10/2008Corporate Update
2/15/2008Announces Commencement of Cdn. $1.5 Million SFD Survey and C...
12/10/2007 Announces New Board Members
12/3/2007Lists on the TSX Venture Exchange
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