NXT ENERGY SOLUTIONS UPDATES RELEASE DATE FOR ITS 2019 YEAR-END RESULTS AND CONFERENCE CALL

CALGARY, Alberta, April 06, 2020 (GLOBE NEWSWIRE) -- NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD; OTC QB:NSFDF) announces that the Company’s Annual Information Form and Annual Financial Statements, including Management's Discussion and Analysis for the year ended December 31, 2019 (collectively, the "2019 Results") will now be filed on Monday, April 13, 2020 after market close, and we will hold a conference call to discuss the 2019 Results on Tuesday, April 14, 2020 at 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time). 

The 2019 Results would ordinarily have been filed on or before the March 30, 2020 deadline as required under the Canadian Securities Administrators National Instrument 51-102 Continuous Disclosure Obligations.  However, as NXT and its external service providers continue to divert resources and have directed employees to work from home in response to the novel coronavirus (2019-nCoV/COVID-19) pandemic,  NXT is taking sufficient time, in this period of crisis, to deliver a proper professional product as permitted by Alberta Securities Commission Blanket Order 51-517 Temporary Exemption from Certain Corporate Finance Requirements (2020 ABASC 33).

During the extension period, management and other insiders of the Company will continue to be subject to an insider trading black-out policy. Please see the Company’s press release dated March 30, 2020 for an update as to material business developments since November 14, 2019, being the date of the Company filed its most recent interim financial report for the three and nine month periods ended September 30, 2019.

The Company’s conference call to discuss the 2019 Results will be held on Tuesday, April 14, 2020 at 4:30 p.m. Eastern Time (2:30 p.m. Mountain Time). 

Details of the conference call are as follows:

Date:	Tuesday, April 14, 2020
Time:	4:30 p.m. Eastern Time (2:30 p.m. Mountain Time)
Participants call:	1-855-783-0506
Conference ID	5388865

The 2019 Results will be filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov/edgar, and will also available on NXT's website at www.nxtenergy.com. 

About NXT Energy Solutions Inc.

NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary SFD survey system utilizes quantum-scale sensors to detect gravity field perturbations in an airborne survey method which can be used both onshore and offshore to remotely identify traps and reservoirs with exploration potential. 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 Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.