1. ANNUAL GENERAL MEETING OCTOBER 17, 2013 1

2. Disclaimer and Forward-looking Statements The information contained in this document may include forward-looking statements including opinions, assumptions, estimates and expectations of future prospects for the Company and financial projections. When used in this document, the words "anticipate," "believe", "estimate," "expect," "intend," "may," "project," "plan," "will," "should" and similar expressions are intended to be among the statements that identify forward-looking statements. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable; there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to, volatility of oil and natural gas prices, changes in the oil and gas industry, the Company’s ability to implement corporate strategies and obtain financing, the state of capital markets, operating risks, changes in general economic conditions and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities. Neither the TSX-Venture or the OTCBB Exchanges accept responsibility for the adequacy or accuracy of any information contained in this document. 2

3. 3 Info Circular matters to be voted on at the AGM 1.Financial statements for the year ended Dec 31, 2012, and re-appointment of KPMG as auditors 2.Board of Directors nominees 3.NXT Stock Option Plan – annual ratification / approval 4.Amendment of NXT Articles of incorporation 5.Amended By-laws of NXT – confirm and ratify AGM for the fiscal year ended December 31, 2012

4. A record Year, led to Strong Financial Position $ 11 million in revenues, operating cash flow (before net W/C change) of $2.3 million Raised US $3.2 million via private placement at US $0.75 per Unit Additional warrants (US $1.20 / share), expire March / May 2014 4 2012 in review – major accomplishments Major Expansion in Customer Base and New Markets for SFD ® Projects conducted in 6 separate countries, creating footholds into several new growth markets (Mexico, Pakistan, Argentina) PEMEX project – US $5.8 million survey (largest delivered to date) Expansion of potential application of SFD ® in new geological settings

5. SFD® Recommendations Discovery SFD® Recommendations vs. Discovery NXT conducted 10 surveys for 5 clients totalling more than 7,000 line kilometers NXT conducted 10 surveys for 5 clients totalling more than 7,000 line kilometers Wells drilled on SFD ® recommended leads 1112 Commercial discoveries 7 0 Prediction Success Rate 64% 100% Estimated 1.26 Billion BBL OOIP 4 Field Discoveries Wells drilled in areas rejected by SFD ® Wells drilled in areas rejected by SFD ® 5 Example of NXT Survey Results Llanos Basin, Colombia (2009-2012):

6. Cash position Present: $3.1 million, Debt-Free Balance Sheet 4.5 million Warrants (US $1.20 / share) – expiry can be accelerated Proceeds up to US $5.4 million could be realized if all warrants are exercised. 2013 Revenue – Pakistan Petroleum Limited (PPL) US $ 2.7 Million 6 Financial Position Capitalization - Shares Outstanding (millions) 41.5Common shares issued 8.0* Convertible Preferred shares (convert at 1:1, mature Dec 31, 2015) 3.0Stock options (average exercise price $0.84) 4.5Warrants (US $1.20 exercise) 57.0Fully diluted # of shares 52 Week High/Low: $0.56 - $2.05. ATV ~ 65,000 shares Plan to move to TSX, and potential listing on AMEX * Does not represent debt or debt service…converts 1:1 to common on achievement of milestones

7. Joint Technical Papers – Client Endorsement of SFD ® The PEMEX paper – a significant new integration study which greatly aids in SFD ® marketing efforts. The PPL paper – will be presented at ATC Conference Nov 24, 2013. The results helps showcase our value to new NOCs who are active partners with PPL in the South Asia region. PCR (Argentina) has also expressed an interest to publish a joint paper. 7 2013 significant developments

8. Expand on the SFD ® Value Proposition 8 5 exploration criteria that must be met for discoveries Source Migration Trap Reservoir Seal SFD ® only responds if all three are present 5 major areas left to find new reserves Deep water Salt bound reservoirs Resource plays Frontier areas Sub-Basalt SFD ® can assist clients in all areas with no environmental impact

9. 9 2013 significant developments Intellectual Property – continue to enhance it! US patent application submitted in May 2013 (Patent filling plans) Arief Budiman added to G&G Advisory Board, developing mathematical principles on operation of SFD ® R&D initiatives – improve the sensor systems Market Initiatives PEMEX – has rapidly embraced expanded use of SFD ® New client prospects – interest in Bolivia, Peru, Mediterranean, Pakistan, Colombia Exploring opportunities to establish “Vertical Expansion” model

10. Programa operativo 10 1 2

11. SFD - Growing Industry Acceptance SFD ® - Growing Industry Acceptance 11 Highlights of the PEMEX 2012 SFD ® survey project Covered large varying geological areas and the Gulf of Mexico (e.g. salt traps) SFD Survey was designed both as a “blind-test” to assess SFD® correlation with existing geophysical data and producing fields and to identify new exploration prospects SFD Total project with SFD® recommendations was delivered in only 4 months Project results High correlation between SFD ® and seismic anomalies 47 of 64 known fields identified, representing 98% of total reserves flown, missed fields less than 2km in lateral extent. SFDPEMEX and NXT co-authored a technical paper, which includes SFD® / seismic correlation. The paper was presented at NGO Conference in Cartagena, Colombia July 24, 2013. The paper won the best exploration paper award at the 6 th Annual Congreso International Bolivia Gas and Energia 2013 Conference.

12. 12 Cuenca Salina del Istmo Golfo Profundo SE NW SE NW Anomalía PMX-2.16, Segundo orden, Clasificación (1+B+) Buen potencial de trampa, Buen potencial de yacimiento, confiabilidad (1 ) Anomalía PMX-2.17, Segundo orden, Clasificación (1+B) Buen potencial de trampa, Potencial moderado de yacimiento, confiabilidad (1)

13. 13 Country E&P activities Joint Papers Potential Contracts US$ Value (millions) Colombia seismic (P)- 2$ 1.5 Guatemala drilling (I)- -- Argentina seismic (C) Drilling (P) 1 -- Belize seismic (I)- 1- Mexico seismic (I) drilling (P) 1 multi-year$10 + Pakistan seismic (I) drilling (P) 1 multiple$ 5.0 + Mediterranean - - multiple$ 5.0 + Peru - - multiple$ 3.0 + Bolivia - - multiple$ 5.0 + Exploration activity on recent SFD ® survey areas, and new opportunities P – plannedI – in progressC - completed

14. Financial strength Goal to complete at least $10 million new projects by end of Q1-2014 Exit Q1, 2014 with cash position exceeding $10 million, if warrants are exercised in full. Other Initiatives Secure projects with new client prospects – in Bolivia, Peru, Mediterranean, Pakistan and Colombia Continue building on the acceptance and awareness of SFD ® value proposition PCR-NXT paper – another customer publically supporting SFD ® Listing on the TSX and Amex 14 Short Term Objectives

15. PEMEX – build and expand the relationship! Continue to rapidly deliver high-value product and service, make SFD ® a standard, recurring exploration “product” for them Addition of Staff and Management Geoscience Marketing and Sales 15 Key Objectives for 2014 and beyond

16. New Markets – keep expanding them! Leverage our ability to conduct offshore SFD ® surveys – aids in cracking new markets in Brazil and Africa Build on our success in Pakistan to gain both repeat business, and new clients such as ENI, OMV, OGDCL Bolivia and Peru – Leverage the relationships held there via our successful Mexico agent Data Library – realize its unlocked value! Unlock value of Colombia data – exploring use of the “Vertical expansion” model Continue to acquire “spec” data with each survey flown, especially in new frontier markets 16 Key Objectives for 2014 and beyond

17. Our next AGM will be held June 26, 2014 in California 17 See you there!!!!!!! Thank you! Q&A ?