Nextraction Energy Corp.

Nextraction Energy Corp.

July 13, 2010 09:00 ET

Nextraction Acquires an Additional 1,023 Acres in Pinedale, Wyoming

VANCOUVER, BRITISH COLUMBIA--(Marketwire - July 13, 2010) - Nextraction Energy Corporation (TSX VENTURE:NE) (the "Nextraction") and its wholly-owned subsidiary, Nextraction Energy (US) Inc. ("Nextraction"), is pleased to announce it has acquired an additional 1,023 acre leasehold in the northern region of the Pinedale Anticline, Wyoming.

The leasehold area lies within two miles of Nextraction's recently completed Noble 6-24 well. Nextraction acquired the leasehold for $40 per net mineral acre, for a five year term. With this acquisition, Nextraction now owns the rights to develop 3,574 acres in the North Pinedale Anticline region.

Nextraction has also acquired the leasehold rights to a sixty percent (60%) interest to 360 acres contiguous to its current acreage position. The lease will become effective within ninety (90) days and upon obtaining clear title.

"Recently we completed the Noble #6-24 well (Press Release – June 29, 2010) and extended production on the Pinedale Anticline to the north. We are optimistic about the opportunity to continue development along the northern crest of this prolific region," says Mr. Dolar. "Adding to our leasehold shows our commitment to the Pinedale project and the development of the assets, which we believe to be highly prospective and potentially valuable to the growth of the Company."

About Nextraction Energy Corp.

Nextraction Energy Corp. is a Canadian junior oil and gas company engaged in the exploration and development of oil and gas resources in North America. Nextraction targets projects along trend with known reserves that provide lower risk, high return development opportunities in both conventional and unconventional resource projects, where our technical expertise can be applied to enhance production. The Company is headquartered in Vancouver, BC, Canada.

On behalf of the Board of Nextraction Energy Corp.

Mark S. Dolar, President and CEO


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