Calgary, Alberta (FSCwire) - Nextraction Energy Corp. (NEX: NE.H) (the "Company" or "Nextraction") announced today that Denny Chow has resigned as Chief Financial Officer of the Company. The Company thanks Mr. Chow for his assistance with the affairs of the Company.

The Company further announces that John Zang (“Zang”), Chief Executive Officer of the Company has advised that he has received a Notice of Hearing from the Alberta Securities Commission (the “ASC”) regarding certain matters pertaining to Kilimanjaro Capital Ltd. (now N1 Technologies Inc.) (“Kilimanjaro”) allegedly occurring between 2012 and 2014. In this notice the ASC has alleged that Zang (amongst others) traded securities in violation of a cease trade order issued against Kilimanjaro and breached section 93, 93.4 and 221.2 of the Securities Act (Alberta). A copy of the Kilimanjaro proceedings can be found at http://www.albertasecurities.com/proceedings-decisions-and-orders/Pages/status-of-current-proceedings.aspx. The notice merely represents allegations and has not been proven.

Mr. Zang states that “I have co-operated with the ASC in regard to the Kilimanjaro matter and intend to continue to do so. I look forward to the opportunity to respond to the Notice and to attend the proposed ASC hearing. I was not and I have never been a director nor officer of Kilimanjaro. I stand by my record as a director and officer of numerous public companies for over 17 years which companies have not been subject to any proceedings by the ASC or other securities commissions. I believe that my conduct in the Kilimanjaro matter was not in breach of the Securities Act as alleged, or at all”.

Nextraction Energy Corp. is a junior oil and gas company with producing oil and gas properties located in Alberta. Nextraction is currently subject to a cease trade order. Further information concerning Nextraction can be found the Nextraction profile on SEDAR.com.

For further information please contact:

John Zang, CEO

Email: jzanglaw@gmail.com

Telephone: 403.680.9264

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

Information in this news release may contain forward looking information.  Statements containing forward looking information express, as at the date of this news release, the Company's plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the company.

There can be no assurance that forward-looking statements will prove to be accurate.  Actual results and future events could differ materially from those anticipated in such statements.  Readers should not place undue reliance on forward-looking information.

The forward-looking information contained in this news release is as of the date hereof and Nextraction  does not undertake any obligation to update publicly or to revise any of the included forward looking statements contained herein, except as required by applicable law. The forward-looking statements contained herein are expressly qualified by this cautionary statement.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

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