Nextraction Energy Corp. ("Nextraction" or the "Company") (NE-TSXV) 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 also evaluating further acquisitions that fit the Company's business model of "the next round of extraction on known plays".  Nextraction is headquartered in Vancouver, British Columbia, Canada, with an operations office in Golden, Colorado.

Nextraction is currently developing two projects: a tight sands gas play on the prolific Pinedale Anticline, Wyoming, and an unconventional shale gas play in the Appalachian Basin.  The Company has commenced production and cash flow in both plays and plans an aggressive drilling program through 2011. 

Organic Growth – Generating SHAREHOLDER VALUE through the drill bit

In the first half of 2010, Nextraction invested an aggregate of approximately $5.8MM (nearly one-fourth of our market cap) to drill and complete its initial program to establish production, reserves and cash flow.  With the risk capital behind us, an update by MHA Petroleum Consultants LLC ("MHA"), Nextraction's qualified reserves engineers dated July 28, 2010 (the "Reserves Update"), to the Company's Statement of Reserves Data and Other Oil and Gas Information prepared by MHA dated April 23, 2010 and effective December 31, 2009 (the "Reserves Update") project a before tax Proven (P1), Probable (P2) and Possible (P3) Reserve value of over $380 MM  with a P3 net PV-10 value of $112 MM  (from 32 potential wells on the Pinedale Anticline). Nextraction's Appalachian Basin project has a resource estimate of undiscovered gas ranging from 419 billion cubic feet (BCF) to 2.5 trillion cubic feet (TCF), with a most likely or best estimate of 903 billion cubic feet of gas.  The management of Nextraction believes that significant development opportunities exist in both asset packages, with the opportunity to drill between 32-60 wells in Pinedale and over 500 Chattanooga shale wells in the Appalachian Basin, all with finding and development costs of less than $2.50 per thousand cubic feet of gas (MCFG). For more information on the Reserves Update and Nextraction's Appalachian Basin project, please see Nextraction's press releases dated July 27, 2010 and April 27, 2010 under Nextraction's profile on SEDAR at www.sedar.com.

 Company Highlights

• Solid Management Team – Each member has 30 years experience in the oil and gas industry; Board of Directors are founders of companies like MAG-TSX, MVG-NYSE AMEX, PTM-TSX, PLG-NYSE AMEX, WKM-TSXV and West Timmins Mining, which was purchased by Lakeshore Gold for $340MM
• Tight Share Structure – Only 16.9M shares of the Company are issued and outstanding, +-20% insider ownership
• No Debt
• Excellent Land Positions with room to grow – Both projects are company makers in highly desirable areas. Pinedale, WY is the premiere gas field in the US Rockies, with operators like Ultra Petroleum and Shell Western E&P Inc (SWEPI) dominating the area; and the Appalachian Basin is fasting growing shale gas play  in North America
• Liquids Rich Gas Focus – Condensate and liquids rich gas in Pinedale results in ~40% premiums to the market price of the Opal Hub; High BTU gas in Appalachian Basin sells  for ~25% premiums to NYMEX market price

CAUTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS AND INFORMATION AND RESERVES DATA

·         With respect to the disclosure of reserves contained herein relating to portions of Nextraction's properties, the estimates of reserves and future net revenue for individual properties may not reflect the same confidence level as estimates of reserves and future net revenues for all properties due to the effects of aggregation. 

·         Readers should note that estimates of future net revenues whether discounted or not do not represent fair market value.

·         Possible reserves are those additional reserves that are less certain to be recovered than probable reserves.  There is a 10% probability that the quantities actually recovered will equal or exceed the sum of proved plus probably plus possible reserves.

·         Certain statements made and information contained in this Social Media Release may constitute "forward-looking statements" or "forward-looking information" within the meaning of applicable securities legislation.  These statements relate to future events or the Company’s future performance.  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 the management of the Company 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 Social Media Release and are expressly qualified, in their entirety, by this cautionary statement.

·         In particular, this Social Media Release contains forward-looking statements, pertaining to the assumptions made in the referenced technical reports are estimates and the actual oil and gas resource which may or may not be produced, and future values that may or may not be realize are estimates based on the knowledge that projected future production and future net revenue may not  perform in accordance with estimates provided in the technical report; as all future wells drilled may vary in production volumes and value.  In addition, certain criteria is assumed such as the Company’s projected future capital requirements are realized and expenditures and other financial cost and requirements will be funded; the future commodity pricing for oil and gas will remain consistent with estimated projects;  exploration and development activities will be realized in a timely fashion;  dates by which production generating revenue are realized timely; the Company’s future financing and capital activities are funded to conduct activities described herein; contingent liabilities and environmental matters are not encountered to delay or postpone development activities; and expectations regarding the Company’s ability to obtain additional financing on satisfactory terms are realized.

·         The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the risk factors set forth below herein pertaining to general economic conditions; volatility in the market prices for oil and gas; stock market volatility; uncertainties associated with estimating resources; geological, technical, drilling and processing problems; ability to explore, develop, produce and transport crude oil and natural gas to markets; title to oil and gas leases; dependence upon farm-out and joint venture partners; liabilities and risks, including environmental liabilities and risks, inherent in the oil and gas industry; fluctuations in currency and interest rates; economic conditions in the countries and regions in which the Company carries on business; competition for, among other things, capital, acquisition of reserves, equipment, undeveloped lands and skilled personnel; and lack of availability of additional financing and unpredictable weather condition.

·         Should one or more of these risks and uncertainties materialize, or should the underlying assumptions prove incorrect, actual results may vary materially from those described in forward-looking statements and information.

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 Social Media Release.