NXT Energy Solutions Inc. Announces Results of Annual Meeting of Shareholders

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NXT Energy Solutions (OTCQB:NSFDF) reported voting results from its June 9, 2026 annual shareholder meeting. Shareholders elected seven directors, reappointed MNP LLP as auditor, and approved three resolutions: the Employee Share Purchase Plan, the Unallocated Entitlements Resolution, and a special resolution to cancel Series 2 Preferred Shares.

All items passed with approval levels near or above 99% of votes cast.

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CALGARY, AB / ACCESS Newswire / June 9, 2026 / NXT Energy Solutions Inc. ("NXT" or the "Company") (TSX:SFD)(OTCQB:NSFDF) is pleased to provide the voting results from its Annual Meeting of Shareholders held on June 9, 2026.

Shareholders approved the following:

• Election of Directors: Seven directors of the Company were elected to hold office until the next annual meeting of shareholders or until their successors are duly elected or appointed.

• Appointment of Auditors: MNP LLP were appointed as the auditors of the Company for the next year at a remuneration to be determined by the Board of Directors.

• Employee Share Purchase Plan Resolution. The resolution to approve the Company's Employee Share Purchase Plan was passed.

• Unallocated Entitlements Resolution. The resolution to approve the Unallocated Entitlements Resolution and the unallocated entitlements issuable thereunder was passed.

• Preferred Share Resolution. The special resolution to cancel Series 2 Preferred Shares was passed.

Further details are set out in the Company's Information Circular dated April 24, 2026, posted on the Company's website and filed on www.sedarplus.ca.

Specific voting results are as follows:

Description of Matter	# of Votes For	% of Votes For	# of Votes Withheld/ Against	% of Votes Withheld/ Against
Election of the following Directors:
Peter Mork	73,845,684	99.41%	435,058	0.59%
Charles Selby	74,205,144	99.90%	75,598	0.10%
Gerry Sheehan	73,776,904	99.32%	503,838	0.68%
Jeffrey Tilson	74,208,144	99.90%	72,598	0.10%
Thomas E. Valentine	73,806,064	99.36%	474,678	0.64%
Bruce G. Wilcox	73,776,904	99.32%	503,838	0.68%
Eugene Woychyshyn	73,776,620	99.32%	504,122	0.68%
Appointment of Auditors	78,258,850	99.83%	129,733	0.17%
Employee Share Purchase Plan Resolution	73,810,353	99.37%	470,389	0.63%
Unallocated Entitlements Resolution	73,806,353	99.36%	474,389	0.64%
Preferred Share Resolution	74,208,433	99.90%	72,309	0.10%

About NXT Energy Solutions Inc.

NXT Energy Solutions Inc. is a Calgary-based technology company whose proprietary airborne SFD^® survey system, applied in numerous basins around the world, uses the principles of quantum mechanics to infer stress anomalies of exploration interest. The method can be used both onshore and offshore to remotely identify areas conducive to fluid entrapment in order to recommend areas with commercial hydrocarbon and/or geothermal potential. The SFD® survey system enables our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization on areas with the greatest potential. SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is the registered trademark of NXT Energy Solutions Inc. NXT Energy Solutions Inc. provides its clients with an effective and reliable method to reduce time, costs, and risks related to exploration.

Contact Information

For investor and media inquiries please contact:

Michael Baker
Director, Business Development & Capital Markets
302, 3320 - 17^th AVE SW
Calgary, AB, T3E 0B4
+1 403 206 0812
nxt_info@nxtenergy.com
www.nxtenergy.com

SOURCE: NXT Energy Solutions, Inc.

View the original press release on ACCESS Newswire

FAQ

What were the key results of NXT Energy Solutions' 2026 annual meeting (OTCQB:NSFDF)?

NXT shareholders approved all items at the June 9, 2026 annual meeting. They elected seven directors, reappointed MNP LLP as auditor, and passed resolutions on the Employee Share Purchase Plan, unallocated entitlements, and cancelling Series 2 Preferred Shares, according to NXT.

How did NXT Energy Solutions shareholders vote on directors at the 2026 AGM for NSFDF?

All seven NXT directors were elected with support above 99% of votes cast. According to NXT, individual approval ranged from 99.32% to 99.90%, with votes for each nominee between about 73.78 million and 74.21 million, and minimal withheld or against votes.

What did NXT Energy Solutions decide about its auditor at the June 9, 2026 meeting?

Shareholders reappointed MNP LLP as NXT’s auditor for the next year. According to NXT, the auditor appointment received 78,258,850 votes for, representing 99.83% support, with 129,733 votes withheld or against, equal to 0.17% of votes cast on this item.

Was NXT Energy Solutions' Employee Share Purchase Plan approved by NSFDF shareholders in 2026?

Yes, NXT’s Employee Share Purchase Plan resolution was approved at the 2026 annual meeting. According to NXT, it received 73,810,353 votes for, or 99.37% support, versus 470,389 votes withheld or against, representing 0.63% of the votes cast on this resolution.

What is the Unallocated Entitlements Resolution approved by NXT Energy Solutions shareholders?

Shareholders approved the Unallocated Entitlements Resolution and related unallocated entitlements issuable under it. According to NXT, the resolution passed with 73,806,353 votes for, equaling 99.36% support, and 474,389 votes withheld or against, or 0.64% of votes cast.

Did NXT Energy Solutions shareholders approve cancelling Series 2 Preferred Shares in 2026?

Yes, a special Preferred Share Resolution to cancel Series 2 Preferred Shares was approved. According to NXT, it received 74,208,433 votes for, or 99.90% support, and 72,309 votes withheld or against, representing 0.10% of the shares voted on this item.