Nextraction Energy Corp. Announces Non-Brokered Private Placement

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| Source: Nextraction Energy Corp.

CALGARY, Alberta, May 2, 2014 (GLOBE NEWSWIRE) -- Nextraction Energy Corp. (TSX-V:NE) (the "Company" or "Nextraction") announces that it intends to issue, through a non-brokered private placement (the "Private Placement"), 8,333,334 units ("Units") at a price of $0.12 per Unit for gross proceeds of $1,000,000. Each Unit will consist of one common share (a "Common Share") in the capital of the Company and one-half of one non-transferable Common Share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle its holder to purchase one additional Common Share (a "Warrant Share") at a price of $0.20 for a period of twelve months following the date of closing. The Company may pay finder's fees on a portion of the Private Placement of up to 6% of the aggregate proceeds received from placees introduced to the Company by the Finder.

The closing of the Private Placement is subject to the receipt of all necessary regulatory approvals including from the TSX Venture Exchange. Net proceeds from the Private Placement will be used for general corporate purposes.

The Common Shares, Warrants and Warrant Shares issued or issuable under the Private Placement will be subject to a four month hold period.

This news release does not constitute an offer to sell or a solicitation to buy securities in the United States. The securities described herein have not been and will not be registered under the United States Act of 1933, as amended, and may not be sold in the United States or to the benefit of a U.S. person absent and exemption from the registration requirements of such Act.

For further information, please visit the Company's website at www.nextraction.com or contact us by email at info@nextraction.com or call:

Kent Edney, P.Eng.
President
Phone: (403) 514-2373

or
Scott Badcock, CA
CFO
Phone: (403) 514-2399

READER ADVISORY

Cautionary Note Regarding Forward-Looking Statements

Certain statements made and information contained herein may constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation. Often, but not always, forward-looking statements or information can be identified by the use of words such as "plans," "expects" or "does not expect," "is expected," "budget," "scheduled," "estimates," "forecasts," "intends," "anticipates" or "does not anticipate," or "believes" or variations of such words and phrases or words and phrases that state or indicate that certain actions, events or results "may," "may have," "could," "would," "might" or "will" be taken, occur or be achieved.

Although management believes that the assumptions made and the expectations represented by such statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements.

These statements speak only as of the date of this News Release and are expressly qualified, in their entirety, by this cautionary statement.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

THIS RELEASE IS NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES AND DOES NOT CONSTITUTE AN OFFER OF THE SECURITIES DESCRIBED HEREIN

Kent Edney, P.Eng.
President
Phone: (403) 514-2373

or

Scott Badcock, CA
CFO
Phone: (403) 514-2399