• NXT receives initial contract with PEMEX, the National Oil Company of Mexico
• PEMEX project to be completed by Q4, 2012
• NXT is on track for record revenue year
• NXT to commence previously announced South Asia US $2.67 million contract in September
NXT Energy Solutions Inc. ("NXT" or the "Company") is pleased to announce that it has been awarded a contract to conduct a US $4.73 million SFD® survey for Petrolēos Mexicanos ("PEMEX"), the National Oil Company of Mexico. PEMEX is the 4th largest Exploration & Production Company in the world, with current production of approximately 2,500,000 barrels per day (boed).