NXT Energy Solutions Inc. (NSFDF)

[JSTIC]

NXT Energy Solutions Advises of Commencement of Bolivia Project and Filing of Q1 2015 Results

CALGARY, ALBERTA--(Marketwired - Jun 1, 2015) - NXT Energy Solutions Inc. ("NXT Energy" or the "Company") (TSX VENTURE:SFD) (NSFDF) advises that its interim financial and operating results for the three month quarter ended March 31, 2015 ("Q1-2015") have been filed in Canada on SEDAR at www.sedar.com, and will be available in the USA on EDGAR at www.sec.gov/edgar, and on NXT's website at http://ctt.marketwire.com/?docid=1010304001&id=6241567&type=0&url=http%3a%2f%2fwww.nxtenergy.com%2f. All selected and referenced financial information noted below should be read in conjunction with the Company's unaudited interim consolidated financial statements and related management's discussion and analysis ("MD&A") for the Q1-2015 period.

A condensed summary from the Q1-2015 interim consolidated financial statements, with comparative figures for the three month period ended March 31, 2014 ("Q1-2014") is given below.

George Liszicasz, President and CEO of NXT, noted "the Q1-2014 period reflected the completion of a survey project in the USA for new client. While we did not have revenue activity in Q1-2015, we are excited that this week we are mobilizing to our new SFD® survey project in Bolivia. This project, which has a contract value exceeding US $13 million, is with another new client, the national oil company of Bolivia, and will be our largest project to date. We have received an initial deposit valued at US $3.1 million (secured by a bank letter of guarantee issued to the client), which will be applied against the initial progress billing to be earned on the project."

http://finance.yahoo.com/news/nxt-energy-solutions-advises-commencement-170748558.html

http://www.nxtenergy.com/upload/media_element/attachments/110/2015%2006%2001%20NXT%20announces%20commencement%20of%20Bolivia%20project%20and%20filing%20of%20Q1%202015%20results%20REVISED.pdf