NXT Announces Geothermal Exploration for Alberta Geothermal Resource Recovery Inc. Page 1

CALGARY, AB / ACCESSWIRE / August 21, 2024 / NXT Energy Solutions Inc. (“NXT” or the “Company”) (TSX:SFD)(OTCQB:NSFDF) is pleased to announce that it has entered into a geothermal survey agreement with Alberta Geothermal Resource Recovery Inc. (AGRRI). The survey will be conducted in Alberta, Canada.

The survey is conducted at a mutually agreed upon time and is subject to aircraft availability and receipt of permits from government agencies. A standard survey project typically takes 2-3 months from the start of data collection to delivery of the standard report. This timeline does not include integration, which is nominally conducted after delivery of the standard report.