CORPORATE PRESENTATION ( UPDATED December 5, 2012 ) 1 A PROVEN, DISRUPTIVE TECHNOLOGY FOR HYDROCARBON EXPLORATION

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 Companys 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 Inc. NXT Energy Solutions Inc. is a service provider to the upstream Oil & Gas Industry: SFD® Survey System SFD ® Survey System Engaged in exploration reconnaissance. We identify and rank high-potential prospect leads using a unique airborne survey method. A Canadian Public Company

4 SFD survey locations Agents/Liaisons NXT Offices

– A Record Year Selected list of recent contracts and near-term pipeline objectives. Near-term Objectives StatusLocationUS$ Value CompleteColombia, Guatemala$ 3.5 million CompleteArgentina$ 1.65 million Completion in Q4-12Mexico$ 5.8 million Completion in Q4-12Belize$ 0.45 million Planned Q1-13South Asia$ 2.66 million Pipeline Central & Latin America $ 5 million PipelineParaguay & Bolivia$ 5 - $ 8 million PipelineColombia$ 1 - $ 5 million

Focus is the key Cost Time Risk E&P Success = LOW FINDING COSTS 6 REDUCES SFD ® : Fast Tracks the Exploration Process Environmental Footprint

NXT Energy Solutions SFD (Stress Field Detection) Disruptive Patent Pending Airborne Survey Technology for Oil & Gas Exploration The only tool that can detect trapped reservoirs at stage I of the exploration cycle 7 We can identify the best oil and gas prospects in at least 1/10 th of the time, and 1/10 th of the cost of seismic

SFD delivers Focus quickly and cost effectively Significantly reduces reconnaissance seismic Data Coverage for $3.5 Million SFD ® (5x5) Seismic 5,000 sq. km. 115 km Seismic vs. 2,500 line km SFD ® 8

SH min SH max Gravity field is distorted by stress Discontinuities affect regional/local stress distribution SFD ® SFD ® responds to perturbations in the gravity field related to changes in stress direction changes in stress orientation entering reservoir

NXT Survey Results in Colombia (May 2009 – July 2012) To date, 11 SFD Lead Areas have been drilled, 7 of which were successful, resulting in the discovery of 4 oil pools with an estimated 1.26 Billion BBL OOIP. In addition, 8 wells were drilled along SFD survey lines that were not recommended by SFD, none of which have resulted in a discovery. 10

SFD® SFD® Services Concession Level - Reconnaissance grid designed to identify and rank individual reservoir prospects and/or optimize seismic programs (PRE) - Prospect Verification high-grading seismically derived prospects based on reservoir quality onshore/offshore (PRE, BP) Basin Level grid designed to identify Trap Potential (PEMEX) 11

12 Source: Spears Oilfield Market Report, 2010; Barclays Original E&P Spending Survey, 2010; NXT Market Analysis $12 Billion Global Geophysics Market 2010 E&P Market: $447 Billion 1% = $120 million Vast Market Opportunity 2012$11 Million0.09% 2013$20 Million0.17% 2014$40 Million0.33% NXT Revenue Targets Best Previous Year - $5.3 Million

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 Current and Future Revenue Streams 13

14 Capitalization TSX-V: SFD, OTCBB: NSFDF Capitalization - Shares Outstanding (millions) 39.5Common shares issued 10.0*Convertible Preferred shares (convert at 1:1, mature Dec 31, 2015) 3.1Stock options (average exercise price $0.85) 4.5Warrants (US $1.20 exercise, expire from March 8 to May 4, 2014) 57.1Fully diluted # of shares D&O Insider Ownership – 15.9% Basic, 32% Fully diluted 52 Week High/Low: $ $1.17 Debt-Free Balance Sheet ~ $3.5 million cash Does not represent debt or debt service…converts 1:1 to common on achievement of milestones (2 million of the total are currently convertible)

15 ManagementNon-Executive Directors Geosciences Advisory Board George Liszicasz Chairman & CEO Greg Leavens, C.A. Chief Financial Officer Andy Steedman, M.B.A V-P Operations Grafton Withers, M.B.A V-P Marketing & Sales Charles Selby Caledonian Royalty Corporation Mickey Abougoush Teknica Overseas Ltd. Tom Valentine Norton Rose LLP John Agee Business Advisor Dr. George Iusco Repsol Dr. Cleveland Jones State Univ. of Rio De Janeiro Extensive public company experience Solid global management experience Outstanding scientific credibility Board and Management

Highlights 16 Disruptive Technology for Oil & Gas Exploration Profitable and Commercially Proven Contract and Pipeline Activity is Robust Vast Market Opportunity THANK YOU !