6-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934

For the month of November 2010

Commission File Number:  000-24027

NXT Energy Solutions Inc.

(Translation of registrant's name into English)

1400, 505-3rd Street S.W.

Calgary, Alberta  T2P 3E6

Canada
(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F  X     Form 40-F _____

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):  

Yes _____ No     X       

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):  

Yes _____ No    X     

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _____ No    X     

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):

The Issuer is filing material documents not previously filed.

Exhibit List:

99.1    Financial Statements for the Period ended September 30, 2010
99.2    Management's Discussion & Analysis for the Period ended September 30, 2010
99.3    Form 52-109FV2 Certification of Interim Filings - Chief Executive Officer
99.4    Form 52-109FV2 Certification of Interim Filings - Chief Financial Officer
99.5    News Release dated November 30, 2010

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date:  November 30,  2010

NXT Energy Solutions Inc.

By:  

/s/ Ken Rogers

Name: Ken Rogers

          Title: Vice-President Finance and Chief Financial Officer

EX-99.1

NXT ENERGY SOLUTIONS INC

As at and for three and nine months ended September 30, 2010

NXT ENERGY SOLUTIONS INC
Consolidated Balance Sheets
(Unaudited) (Expressed in Canadian dollars except share data)
	September 30, 2010	December 31, 2009
Assets
Current assets:
Cash and cash equivalents	$ 345,289	$ 4,174,145
Short term investments	1,803,884	-
Accounts receivable	72,408	1,142,380
Prepaid expenses and other	35,414	53,288
	2,256,995	5,369,813
Restricted cash [note 5]	43,971	-
Oil and natural gas properties	5,000	5,000
Other property and equipment	563,928	630,827
	$ 2,869,894	$ 6,005,640
Liabilities and Shareholders' Equity
Current liabilities:
Trade payables	$ 327,577	$ 413,997
Other accrued liabilities [note 3]	197,915	295,739
Current portion of capital lease obligation	10,684	10,684
Current portion of asset retirement obligation	19,357	19,357
	555,533	739,777
Long term liabilities:
Capital lease obligation	10,393	16,834
Asset retirement obligation	34,290	31,897
Derivative liability [note 4]	6,589	183,815
	606,805	972,323
Future operations [note 1]
Shareholders' equity:
Preferred shares: - authorized unlimited
Issued: 10,000,000	3,489,000	3,489,000
Common shares: - authorized unlimited [note 6]
Issued: 30,801,796 shares as of September 30, 2010 (December 31, 2009 - 30,701,796)	52,031,435	51,934,360
Contributed capital	4,248,385	3,939,953
Deficit	(58,216,666)	(55,040,931)
Accumulated other comprehensive income	710,935	710,935
	2,263,089	5,033,317
	$ 2,869,894	$ 6,005,640

Signed "George Liszicasz" Director Signed "Brian Kohlhammer" Director

The accompanying notes to these consolidated financial statements are an integral part of these consolidated balance sheets.

2

NXT ENERGY SOLUTIONS INC Consolidated Statements of Loss and Comprehensive Loss (Unaudited) (Expressed in Canadian dollars except share data)
	For the three months ended September 30,		For the nine months ended September 30,
	2010	2009	2010	2009
Revenue
Survey revenue	$ -	$ -	$ 443,011	$ 2,638,560
Oil and natural gas revenue	820	447	4,162	874
	820	447	447,173	2,639,434
Expense
Survey cost	5,275	(26,888)	466,290	1,078,812
Oil and natural gas operating expenses	5,471	-	4,195	6,818
Administrative	908,417	1,064,739	3,030,428	3,096,660
Amortization and depreciation	38,880	44,871	124,402	130,547
	958,043	1,082,722	3,625,315	4,312,837
	(957,223)	(1,082,275)	(3,178,142)	(1,673,403)
Other expense (income)
Interest income	(3,982)	(8,953)	(7,476)	(78,177)
Loss on foreign exchange	8,434	158,588	1,286	132,817
Loss (gain) on sale of property	-	(21)	1,074	(1,037)
Asset retirement costs	915	1,558	2,709	6,661
	5,367	151,172	(2,407)	60,264
Net loss before income tax	(962,590)	(1,233,447)	(3,175,735)	(1,733,667)
Income tax recovery	-	263,856	-	-
Net loss and comprehensive loss	$ (962,590)	$ (969,591)	$ (3,175,735)	$ (1,733,667)
Net loss per share unit [note 6]
Basic	$ (0.03)	$ (0.03)	$ (0.10)	$ (0.06)
Diluted	$ (0.03)	$ (0.03)	$ (0.10)	$ (0.06)

The accompanying notes to these consolidated financial statements are an integral part of these consolidated statements of Loss and Comprehensive Loss.

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NXT ENERGY SOLUTIONS INC
Consolidated Statements of Cash Flow
(Unaudited) (Expressed in Canadian dollars)
		For the nine months ended September 30,
		2010	2009
Operating activities
Net loss	$ (3,175,735)		$ (1,733,667)
Amortization and depreciation		124,402	130,547
Abandonment of oil and natural gas properties		2,709	6,661
Stock-based compensation expense		173,763	484,717
Loss (gain) on sale of property		1,074	(1,037)
Changes in non-cash working capital
Accounts receivable		1,069,972	(57,358)
Prepaid expenses and other		17,874	18,982
Trade payables		(86,420)	(8,185)
Other accrued liabilities		(97,824)	47,325
Asset retirement obligations paid		(316)	(4,486)
Net cash generated (used) by operating activities		(1,970,501)	(1,116,501)
Financing activities
Repayment of capital lease		(6,441)	(5,919)
Issue of common shares, net of issuance costs		54,518	50,239
Net cash generated (used) by financing activities		48,077	44,320
Investing activities
Invested in other property and equipment		(58,978)	(154,079)
Proceeds on sale of property		401	2,055
Increase in restricted cash		(43,971)	-
Decrease (increase) in short term investments		(1,803,884)	6,748,105
Net cash generated (used) by investing activities		(1,906,432)	6,596,081
Net cash inflow (outflow)		(3,828,856)	5,523,900
Cash and cash equivalents, beginning of period		4,174,145	146,065
Cash and cash equivalents, end of period		$ 345,289	$ 5,669,965
Cash interest paid		$ 1,572	$ 2,094

The accompanying notes to these consolidated financial statements are an integral part of these consolidated statements of cash flows.

4

NXT ENERGY SOLUTIONS INC Consolidated Statements of Shareholders' Equity (Unaudited) (Expressed in Canadian dollars except share data)
	For the nine months ended September 30,
	2010	2009
Common Shares
Balance at beginning of the period	$ 51,934,360	$ 51,884,121
Issued upon exercise of stock options and warrants	97,075	-
Issued through private placement; net of issue costs	-	50,239
Balance at end of the period	52,031,435	51,934,360
Preferred Shares
Balance at beginning and end of the period	3,489,000	3,489,000
Contributed Capital
Balance at beginning of the period	3,939,953	3,519,072
Opening balance adjustment upon adoption of change in accounting policy	-	(108,779)
Option and warrant compesation costs	350,989	371,049
Contributed capital transferred to common shares pursuant to exercise of options and warrants	(42,557)	-
Balance at end of the period	4,248,385	3,781,342
Deficit
Balance at beginning of the period	(55,040,931)	(52,703,170)
Opening balance adjustment upon adoption of change in accounting policy	-	67,364
Net loss for the period	(3,175,735)	(1,733,667)
Balance at end of the period	(58,216,666)	(54,369,473)
Accumulated Other Comprehensive Income
Balance at beginning and end of the period	710,935	710,935
Total Shareholders' Equity end of period	$ 2,263,089	$ 5,546,164

The accompanying notes to the consolidated financial statements are an integral part of the condensed consolidated statements of Shareholders' Equity.

5

     NXT ENERGY SOLUTIONS INC Notes to the Consolidated Financial Statements

As at and for the three and nine month period ended September 30, 2010 (Unaudited) (Expressed in Canadian dollars)

1. Organization and Ability to Continue Operations

NXT Energy Solutions Inc ("we", "company" or "NXT") was incorporated under the laws of the State of Nevada on September 27, 1994. NXT was continued from the State of Nevada to the Province of Alberta, Canada on October 24, 2003.

We own a proprietary technology called Stress Field Detection ("SFD®"). SFD® is a remote sensing airborne survey system that is designed to identify areas with oil and natural gas reserve potential. This technology was acquired from NXT's current CEO and President on December 31, 2005 following a ten year period wherein the company controlled the technology through a series of licensing agreements.

For the ten year period prior to 2006 the company had engaged in extensive activities that were effective in developing the technology to a stage wherein SFD® was both technically ready and had the required industry validation to embark on the commercial phase of the company. These early activities included conducting SFD® surveys for oil and gas industry partners on a cost recovery basis and participating as a joint venture partner in SFD® identified exploration wells. By December 31, 2005 the company had accumulated approximately $47.6 million of deficits in conducting these activities.

In 2006 the company began its commercialization phase by offering SFD® survey services to the oil and gas industry. The company has earned $13.9 million of survey revenue, accumulated an additional $10.6 million in deficits, used a net $3.6 million in operating activities and invested $1.1 million in property and equipment since the beginning of 2006. However, since the beginning of 2009 the company has used $4.6 million of cash in operations.

The company is in the early stage of commercializing its SFD® technology. Its ability to generate cash flow from operations will depend largely on its ability to generate revenues as contemplated by the business plan that commenced in 2009. Management recognizes that this early commercialization phase can last for several years. While the company is in this early stage of commercialization, the company’s financial position is materially impacted by the loss or gain of any one client. The company's ability to continue operations is dependent on attracting future customers through demonstrating the value that the company can bring to their exploration activities.

These consolidated financial statements have been prepared on a going concern basis in accordance with United States generally accepted accounting principles. The going concern basis of presentation assumes that the company will continue in operation for the foreseeable future and be able to realize its assets and discharge its liabilities and commitments in the normal course of business. There is significant doubt about the appropriateness of the use of the going concern assumption because the company has experienced losses and negative cash flow from operations over the past several years and has working capital as at September 30, 2010 of $1.7 million that management believes is not sufficient to support the company's operations for the next twelve months without additional revenue or capital.

The company anticipates generating both net income and cash from operations in future years with its business model; however, the occurrence and timing of this outcome cannot be predicted with certainty.

These consolidated financial statements do not include any adjustments to amounts and classifications of assets and liabilities or reported expenses that would be necessary should we be unable to generate sufficient net income and cash from operations as required in future years to continue as a going concern.

6

2. Significant Accounting Policies

Basis of Presentation

These interim consolidated financial statements have been prepared by management in accordance with generally accepted accounting principles of the United States of America in accordance with the same accounting policies and methods used in preparing the consolidated financial statements for the fiscal year ended December 31, 2009. These interim statements should be read in conjunction with the 2009 annual consolidated financial statements as they contain disclosure which is supplemental to our annual consolidated financial statements and accordingly certain disclosure normally required for annual financial statements has been condensed or omitted.

Consolidation

We have consolidated the accounts of our wholly owned subsidiaries in the course of preparing these consolidated financial statements. All significant inter-company balances and transactions amongst NXT and its subsidiaries have been eliminated and are therefore not reflected in these consolidated financial statements. As of December 31, 2009 the company consisted of NXT Energy Solutions Inc. and two inactive subsidiaries in the United States.

In January 2010 the company opened a branch office in Colombia.
3. Accrued Liabilities
	As at
	September 30, 2010		December 31, 2009
Legal and accounting	$ 107,915	$ 162,752
Commission on sales	-		30,958
Consultant fees	18,750		25,000
Survey Costs	-		77,029
Directors' fees	71,250		-
	$ 197,915	$ 295,739
4. Derivative Liability

Under the FASB's fair value measurement standards, financial instruments that are recorded at fair value on a recurring basis are required to be classified into one of three categories based upon a fair value hierarchy. The company's only financial instrument recorded at fair value on a recurring basis are the vested contractor stock options. We have classified these derivative financial instruments as level II where the fair value is determined by using valuation techniques that refer to observable market data. During the nine months ended September 30, 2010 we recorded a credit of $177,226 in regards to the change in fair market value of vested contractor options. This reduction is due primarily to the expiration in the period of 234,000 options. Changes in fair value of the liability are included in the line item ‘Administrative’ on the company's consolidated statement of loss.

	For the nine months ended	For the year ended
The following table outlines the change in the derivative liability value in the year:	September 30, 2010	December 31, 2009
Balance as at December 31, 2009	$ 183,815	$ -
Adjustment to opening balance upon adoption of change in accounting policy	-	41,415
Increase (decrease) in fair value	(177,226)	142,400
Balance as at September 30, 2010	$ 6,589	$ 183,815
5. Restricted Cash

The company has $43,971 held in a Barbados bank letter of credit account to satisfy contractual requirements related to ongoing SFD® survey services in Colombia. These funds are encumbered until 2012.

7

6. Common Shares

The company has an unlimited number of shares authorized.

The following table provides common shares and their value:

	Common Shares
	Shares	Amount
As at December 31, 2009	30,701,796	$ 51,934,360
Transactions during the three months ended March 31, 2010
Issued on exercise of options	50,000	34,914
Transactions during the three months ended June 30, 2010
Issued on exercise of options	50,000	62,161
As at September 30, 2010	30,801,796	$ 52,031,435

Reconciliation of Earnings per Share Calculations

For the three months ended September 30, 2010
	Net loss	Weighted average shares outstanding	Per Share
Basic and diluted	$ (962,590)	30,801,796	$ (0.03)

For the nine months ended September 30, 2010
	Net loss	Weighted average shares outstanding	Per Share
Basic and diluted	$ (3,175,735)	30,765,935	$ (0.10)

For the three months ended September 30, 2009
	Net loss	Weighted average shares outstanding	Per Share
Basic and diluted	$ (969,591)	30,701,796	$ (0.03)

For the nine months ended September 30, 2009
	Net loss	Weighted average shares outstanding	Per Share
Basic and diluted	$ (1,733,667)	30,686,595	$ (0.06)

All options, warrants and preferred shares were excluded from the diluted earnings per share calculation as they were antidilutive.

7. Employee, Directors and Contractor Options
We have summarized below all outstanding options under the Plans as of September 30, 2010:
		Weighted average		Weighted average
		exercise price of		exercise price of
Range of exercise prices in U.S. dollars	Outstanding options	outstanding options	Options exercisable	exercisable options
$0.50 - $0.99	226,741	$ 0.87	130,074	$ 0.88
$1.00 - $1.99	1,604,463	$ 1.39	1,092,963	$ 1.42
$2.00 - $3.99	57,000	$ 2.28	45,333	$ 2.03
$4.00 - $4.90	300,000	$ 4.90	200,000	$ 4.90
	2,188,204	$ 1.84	1,468,370	$ 1.86
	Weighted average remaining
Range of exercise prices in U.S. dollars		contractual life (years)
$0.50 - $0.99		2.6
$1.00 - $1.99		2.1
$2.00 - $3.99		1.3
$4.00 - $4.90		2.2
		2.1

8

	For the nine months ended September 30, 2010		For the nine months ended September 30, 2009
		Weighted average		Weighted average
Exercise prices in U.S. dollars	# of options	exercise price	# of options	exercise price
Outstanding at beginning of year	2,757,204	$ 1.68	2,270,204	$ 1.90
Granted	30,000	$ 0.96	250,000	$ 0.56
Forfeited	(499,000)	$ 1.17	(100,000)	$ 2.12
Exercised	(100,000)	$ 0.53	-	$ -
Options outstanding as at end of period	2,188,204	$ 1.84	2,420,204	$ 1.76
Exercisable as at end of period	1,468,370	$ 1.86	1,633,704	$ 1.55

Unvested options outstanding as of September 30, 2010 and December 31, 2009 generally vest over the three year period starting from the date of grant dependant on the continued provision of services. The options vest one-third at the end of each of the first three years following the grant date. Options generally lapse, if unexercised, five years from the date of issue.

Compensation Expense Associated with Grant of Options

The grant date fair value is calculated in U.S. dollars using the Black Scholes option valuation model utilizing the following weighted average assumptions:

	For nine months ended
	September 30, 2010	September 30, 2009
Expected dividends paid per common share	Nil	Nil
Expected life (years)	3	3
Expected volatility in the price of common shares (%)	95%	104%
Risk free interest rate (%)	1.5%	1.5%
Weighted average grant date fair market value per share	$ 0.57	$ 0.36
Intrinsic value of options exercised	-	$ -

As of September 30, 2010 and 2009 there were U.S. $434,132 and U.S. $562,107 respectively of total unrecognized compensation cost related to non-vested share-based compensation awards granted under the stock option plans. This cost will be recognized over the remaining vesting period.

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EX-99.2

NXT ENERGY SOLUTIONS INC

As at and for three and nine months ended September 30, 2010

MANAGEMENT'S DISCUSSION AND ANALYSIS

As used in this MD&A, the terms "we", "us", "our", "NXT" and "company" mean NXT Energy Solutions Inc.

Our functional and reporting currency is the Canadian dollar. All references to "dollars" in this MD&A refer to Canadian or Cdn. dollars unless specific reference is made to United States or U.S. dollars.

Forward-Looking Statements

Certain statements in this document may constitute "forward-looking statements". These forward-looking statements can generally be identified as such because of the context of the statements including words such as "believes", "anticipates", "expects", "plans", "estimates" or words of a similar nature.

These forward-looking statements are based on current expectations and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except as required by law, the company assumes no obligation to update forward-looking statements should circumstances or the company's estimates or opinions change.

Description of Business

NXT is a Calgary based company providing airborne survey solutions that enable our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures or prospect prioritization onto the areas with the greatest hydrocarbon potential. Utilizing its proprietary airborne Stress Field Detection ("SFD®") survey system, NXT provides a unique survey method that is environmentally noninvasive and unaffected by ground security issues or difficult terrain. Additionally, surveys can generally be conducted year round and are effective both onshore and offshore. The advantage to NXT’s clients is an efficient and reliable method to explore for hydrocarbons.

On September 22, 2008 the company changed its name from Energy Exploration Technologies Inc to NXT Energy Solutions Inc. This change was approved by shareholders at the November 29, 2007 Annual General Meeting. The name change was implemented to better reflect our principal activities and now aligns with the NXT trademark. SFD® and NXT® in Canada and the U.S. are the registered trademarks of NXT Energy Solutions Inc.

Overall Performance

The company encountered delays in closing sales opportunities within our primary market of Colombia in the third quarter of 2010 and accordingly the Company did not record any SFD survey revenue in the third quarter of 2010. The conditions which gave rise to these delays have continued into the fourth quarter of 2010. In response to these reduced sales opportunities we have broadened our marketing activities to now include two new countries; Peru and Pakistan.

The delays in the Colombia market were largely driven by problems in the award of concession blocks following the 2010 Colombian Bid Round submissions in July of 2010. ANH, the Colombian regulatory body, delayed the formal award of concession blocks pending appeals made by a few unsuccessful bidder companies. The successful bidder companies have accordingly suspended awarding contracts to service providers, such as NXT, as they await formal concession awards. We anticipate these formal awards to occur prior to the end of 2010 and with these awards the opportunities for closing SFD survey contracts will resume.

The Company remains committed to the Colombian market as Colombia provides a strong market for our SFD services. We continue with active sales initiatives in this country including maintaining ongoing dialogue with Colombian companies who have stated their intention to conduct SFD surveys upon receiving formal concession block awards and offering previously acquired Colombian SFD data to interested clients.

In the third quarter the Company had responded to a request for information from a Pakistan E & P company. This Pakistan company has now conducted extensive due diligences on SFD and NXT including a review of technical material, obtaining written references from NXT clients from both Canada and Colombia plus receiving several technical presentation from NXT personnel in Pakistan.

This process has resulted in NXT receiving a sole source request-for-proposal to conduct an SFD survey in Pakistan. NXT’s bid was submitted on November 2 and this bid has now successfully completed both technical and financial reviews by this potential customer. We are in the process of awaiting a contract award which we anticipate closing. The survey is for $2.66 million with the survey scheduled to commence in the first quarter of 2011. Notwithstanding these positive developments there can be no assurance that this process will result in a contract award.

In addition, as previously announced, in the third quarter the Company engaged a respected Peruvian representative to act as our non-exclusive sales representative in the country.

With cash and short term investments we forecast having the required cash to operate for the balance of the year without any additional sources of cash. Our ability to continue as a going concern will ultimately be dependent upon our ability to sustain positive cash flow from operations and/or obtain additional financing. There is significant doubt about the appropriateness of the use of the going concern assumption because the company has experienced losses in 2008 through to the present, has experienced negative cash flow from operations over these years and management believes working capital as at September 30, 2010 of $1.7 million is not sufficient to support the company's operations for the next twelve months without additional revenue or capital. Our cash and equivalents and short term investments held on account as of November 24, 2010 is $1,843,467.

Results of Operations

The company reported a net loss of $962,590 and $3,175,735 for the three months and nine months respectively ended September 30, 2010 (compared to a net loss of $969,591 and $1,733,667 for the same periods in 2009), representing an overall increase in loss of $1,442,068 for the period. The increase is primarily the result of the increase in expenses associated with opening a Colombian branch in order to meet the legal requirements of continuing to do business in that country as well as marketing expenses as we continue to focus our efforts in Colombia.

Revenue
	For the three months ended Sep. 30,		For the nine months ended Sep. 30,
	2010	2009	2010	2009
SFD® survey revenue	$ -	$ -	$ 443,011	$ 2,638,560
Oil & gas revenue	820	447	4,162	874
Total revenue	$ 820	$ 447	$ 447,173	$ 2,639,434

SFD® Survey Revenue

In the first nine months of 2010 the company recognized $443,011 of SFD® survey revenue related to one contract for a Colombian client (Q2 2009 - $2,638,560).

Expenses
	For the three months ended Sep. 30,		For the nine months ended Sep. 30,
	2010	2009	2010	2009
SFD® survey cost	$ 5,275 $	(26,888)	$ 466,290	$ 1,078,812
Oil and natural gas operating expenses	5,471	-	4,195	6,818
Administrative	908,417	1,064,739	3,030,428	3,096,660
Amortization and depreciation	38,880	44,871	124,402	130,547
	$ 958,043 $	1,082,722	$ 3,625,315	$ 4,312,837

2

Expenses - for the three months and nine months ended September 30, 2010 and 2009

SFD® survey costs - to date in 2010 we have had survey costs of $466,290 ($1,078,812 - nine months ended September 30, 2009) which includes non-revenue survey costs of $151,544 (nil - 2009) and commissions on sales of $13,662 ($127,032 - 2009).

Administrative - the decrease of $66,232 in the first nine months of 2010 (Q3 2010 - $156,322 decrease) in comparison to the first nine months of 2009 relates mainly to decreases in stock based compensation due to the expiration of contractor options, investor communications and relations fees, legal fees and marketing and advertising being offset by increases in consulting fees for Colombian personnel.

Other Expense (Income)
	For the three months ended Sep. 30,		For the nine months ended Sep. 30,
	2010	2009	2010	2009
Interest income	$ (3,982)	$ (8,953)	$ (7,476)	$ (78,177)
Loss on foreign exchange	8,434	158,588	1,286	132,817
Loss (gain) on sale of property	-	(21)	1,074	(1,037)
Abandonment	915	1,558	2,709	6,661
Other expense (income)	$ 5,367	$ 151,172	$ (2,407)	$ 60,264

Interest income - interest income is
compared to $8,953 of income in Q3

by interest expense resulting in $3,982 of income in Q3 2010 (cumulative $7,476) as (cumulative $78,177). In 2009 our investments matured generating interest income at pre-

market downturn rates. These investments were then re-invested at the lower interest rates available from financial institutions due to the downturn in the economy. Also, some investments have been redeemed for ongoing operations.

Loss or gain on foreign exchange

or gain on foreign exchange is caused by changes in the relative exchange values of the U.S.

dollar, Canadian dollar and Colombian peso. For example, when the Canadian dollar trades higher relative to the U.S. dollar or COP, cash held in U.S. dollars or COP will decline in value and this decline will be reflected as a foreign exchange loss in the period.

Loss (gain) on sale of property - the company sold its sole vehicle in the first quarter of 2009 and realized a gain of $1,016; in the first quarter of 2010 the company disposed of two older computers that had not yet fully depreciated.

Summary of Quarterly Results (unaudited)
		Sep 30, 2010	Jun 30, 2010	Mar 31, 2010	Dec 31, 2009
Revenue	$ 820		$ 444,958	$ 1,395	$ 1,044,889
Net income (loss)		(962,590)	(890,673)	(1,322,472)	(657,401)
Basic earnings (loss) per share		(0.03)	(0.03)	(0.04)	(0.02)
Diluted earnings (loss) per share	$ (0.03)		$ (0.03)	$ (0.04)	$ (0.02)
		Sep 30, 2009	Jun 30, 2009	Mar 31, 2009	Dec 31, 2008
Revenue	$ 447		$ 2,638,759	$ 228	$ 6,153
Net income (loss)		(969,591)	283,005	(1,047,081)	(945,394)
Basic earnings (loss) per share		(0.03)	0.01	(0.03)	(0.04)
Diluted earnings (loss) per share	$ (0.03)		$ 0.01	$ (0.03)	$ (0.04)

Q3 2010 to Q2 2010 comparison; the company recognized nil in survey revenue and $72,899 in stock based compensation expense in Q3 (respectively $443,011 and 100,864 - Q2).

Q2 2010 to Q1 2010 comparison: the company recognized $443,011 in survey revenue, $100,864 in stock based compensation expense and recorded $342,959 in survey costs in Q2 (respectively nil, $69,356 and $118,056 - Q1).

Q1 2010 to Q4 2009 comparison: the company recognized no survey revenue, $69,356 in stock-based compensation expense and recorded no survey costs in Q1 (respectively $1,044,766, $187,343 and $508,308 - Q4).

3

Q4 2009 to Q3 2009 comparison: the company recognized $1,044,766 in survey revenue in Q4 (nil - Q3) and recognized $187,343 in stock-based compensation expense ($112,254 - Q3).

Q3 2009 to Q2 2009 comparison: the net loss in Q3 is due to the company recognizing no survey revenue in Q3 ($2,638,560 - Q2).

Q2 2009 to Q1 2009 comparison: the company recognized $2,638,560 in survey revenue in Q2 (nil - Q1) for one completed international survey contract resulting in net income. Our expenses in the second quarter are higher due to the ramp up required for executing an international survey contract as well as increased costs as we pursue marketing to foreign markets.

Q1 2009 to Q4 2008 comparison: the increased net loss in Q1 2009 over Q4 2008 of $115,744 is due to additional salary costs incurred with the hiring of a COO to augment our senior management staff, fees for a geosciences consultant, higher stock-based compensation costs and costs incurred for the NAPE conference in Houston, Texas.

Q4 2008 to Q3 2008 comparison: the company recognized no survey revenue in Q4 ($1,200,000 in Q3 from one completed survey contract) and recognized $207,457 in stock-based compensation expense ($144,843 - Q3).

Liquidity and Capital Resources

The company's cash position at September 30, 2010 continues to be adequate to support operations for 2010. Our cash and equivalents and short term investments held on account as of November 24, 2010 is $1,843,467.

With cash and short term investments we forecast having the required cash to operate for the balance of the year without any additional sources of cash. Our ability to continue as a going concern will ultimately be dependent upon our ability to sustain positive cash flow from operations and/or obtain additional financing. There is significant doubt about the appropriateness of the use of the going concern assumption because the company has experienced losses in 2008 through to the present, has experienced negative cash flow from operations over these years and management believes working capital as at September 30, 2010 of $1.7 million is not sufficient to support the company's operations for the next twelve months without additional revenue or capital.

The following table summarizes the change in cash flow for the three and nine months ended September 30, 2010 and 2009:

	For the three months ended Sep. 30,		For the nine months ended Sep. 30,
	2010	2009	2010	2009
Cash generated (used) in operating activities	$ (829,331)	$   959,366	$ (1,970,501)	$   (1,116,501)
Cash generated by financing activities	(2,192)	(2,015)	48,077	44,320
Cash used in investing activities	233,540	819,527	(1,906,432)	6,596,081
	$ (597,983)	$ 1,776,878	$ (3,828,856)	$      5,523,900

Operating Activities

Q3 2010 - the $829,331 cash balance used in operating activities reflects our net loss of $962,590 adjusted for $112,694 of non-cash deductions and a change of $20,682 in non-cash working capital. For the first nine months of 2010 the $1,970,501 cash balance used reflects a net loss of $3,175,735 adjusted for $301,948 of non-cash deductions and a change of $903,602 in non-cash working capital.

Q3 2009 - the $959,366 cash balance generated in operating activities reflects our net loss of $969,591 adjusted for $157,829 of non-cash deductions and a change of $1,771,128 in non-cash working capital. For the first nine months of 2009 the $1,116,501 cash balance used reflects a net loss of $1,733,667 adjusted for $616,402 of non-cash deductions and a change of $764 in non-cash working capital.

Financing Activities

Q3 2010 - $2,192 was paid on our capital lease ($6,441 paid on capital lease in the first nine months of 2009). In the first nine months of 2009 $54,518 was raised through the exercise of options.

Q3 2009 - $2,015 was paid on our capital lease ($5,919 paid on capital lease in the first nine months of 2009). In the first nine months of 2009 $50,239 was provided through the issuance of a private placement, net of issue costs.

4

Investing Activities

Q3 2010 - we decreased our short term investments by $197,429 and decreased restricted cash by $45,967 (first nine months of 2010 -$1,803,884 increase and $43,971 increase respectively). We used $9,856 for other property and equipment ($58,978 for first nine months of 2010).

Q3 2009 - we decreased our short term investments by $848,003 (first nine months of 2009 - $6,748,105); due to lower interest rates maturing short term investments were re-invested into premium money market accounts that are secured by a major Canadian financial institution.

Contractual Commitments

The company has an office lease until October 31, 2012 which requires minimum monthly lease payments of $31,871.

Transactions with Related Parties

An officer of the company exercised 50,000 options in the first quarter of 2010.

Additional Disclosures Outstanding share data

	As at November 24,	As at December 31,
Outstanding securities	2010	2009
Common shares	30,801,796	30,701,796
Preferred shares	10,000,000	10,000,000
Options	2,407,104	2,757,204
Total	43,208,900	43,459,000

Critical Accounting Estimates

Factors are substantially unchanged; refer to annual MD&A as at December 31, 2009.

Change in Accounting Policies Including Initial Adoption

Factors are substantially unchanged; refer to annual MD&A as at December 31, 2009.

For additional information on NXT Energy Solutions Inc. please consult our web page at www.nxtenergy.com, or the SEDAR webpage at http://www.sedar.com.

5

EX-99.3

Form 52-109FV2

CERTIFICATION OF INTERIM FILINGS

VENTURE ISSUER BASIC CERTIFICATE

I, George Liszicasz, Chief Executive Officer, NXT Energy Solutions Inc, certify the following:

1.

Review: I have reviewed the interim financial statements and interim MD&A (together, the “interim filings”) of NXT Energy Solutions Inc. (the “issuer”) for the interim period ended September 30, 2010.

2.

No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, for the period covered by the interim filings.

3.

Fair presentation: Based on my knowledge, having exercised reasonable diligence, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.

Date: November 29, 2010

Signed “George Liszicasz”

George Liszicasz

Chief Executive Officer

NOTE TO READER

In contrast to the certificate required for non-venture issuers under National Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (NI 52-109), this Venture Issuer Basic Certificate does not include representations relating to the establishment and maintenance of disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), as defined in NI 52-109. In particular, the certifying officers filing this certificate are not making any representations relating to the establishment and maintenance of

i)

controls and other procedures designed to provide reasonable assurance that information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation; and

ii)

a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer’s GAAP.

The issuer’s certifying officers are responsible for ensuring that processes are in place to provide them with sufficient knowledge to support the representations they are making in this certificate.  Investors should be aware that inherent limitations on the ability of certifying officers of a venture issuer to design and implement on a cost effective basis DC&P and ICFR as defined in NI 52-109 may result in additional risks to the quality, reliability, transparency and timeliness of interim and annual filings and other reports provided under securities legislation.

EX-99.4

Form 52-109FV2

CERTIFICATION OF INTERIM FILINGS

VENTURE ISSUER BASIC CERTIFICATE

I, Ken Rogers, Chief Financial Officer, NXT Energy Solutions Inc, certify the following:

1.

Review: I have reviewed the interim financial statements and interim MD&A (together, the “interim filings”) of NXT Energy Solutions Inc. (the “issuer”) for the interim period ended September 30, 2010.

2.

No misrepresentations: Based on my knowledge, having exercised reasonable diligence, the interim filings do not contain any untrue statement of a material fact or omit to state a material fact required to be stated or that is necessary to make a statement not misleading in light of the circumstances under which it was made, for the period covered by the interim filings.

3.

Fair presentation: Based on my knowledge, having exercised reasonable diligence, the interim financial statements together with the other financial information included in the interim filings fairly present in all material respects the financial condition, results of operations and cash flows of the issuer, as of the date of and for the periods presented in the interim filings.

Date: November 29, 2010

Signed “Ken Rogers”

Ken Rogers

Chief Financial Officer

NOTE TO READER

In contrast to the certificate required for non-venture issuers under National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings (NI 52-109), this Venture Issuer Basic Certificate does not include representations relating to the establishment and maintenance of disclosure controls and procedures (DC&P) and internal control over financial reporting (ICFR), as defined in NI 52-109. In particular, the certifying officers filing this certificate are not making any representations relating to the establishment and maintenance of

i)

controls and other procedures designed to provide reasonable assurance that information required to be disclosed by the issuer in its annual filings, interim filings or other reports filed or submitted under securities legislation is recorded, processed, summarized and reported within the time periods specified in securities legislation; and

ii)

a process to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with the issuer's GAAP.

The issuer's certifying officers are responsible for ensuring that processes are in place to provide them with sufficient knowledge to support the representations they are making in this certificate.  Investors should be aware that inherent limitations on the ability of certifying officers of a venture issuer to design and implement on a cost effective basis DC&P and ICFR as defined in NI 52-109 may result in additional risks to the quality, reliability, transparency and timeliness of interim and annual filings and other reports provided under securities legislation.

EX-99.5

NXT REPORTS Q3 2010 FINANCIAL AND OPERATIONAL RESULTS

Tuesday November 30, 2010

NXT Energy Solutions Inc.  (“NXT” or “the Company”)

Trading Symbol - “SFD”–TSX-V; “NSFDF”–NASDAQ-OTCBB

CALGARY, ALBERTA –NXT Energy Solutions Inc, (“NXT” or “the Company”) is pleased to announce its financial and operating results for the three quarters ended September 30, 2010.  All selected and referenced financial information should be read in conjunction with the consolidated financial statements and management discussion and analysis as filed on SEDAR at www.sedar.com, on NXT’s website at www.nxtenergy.com and on EDGAR at www.sec.gov/edgar.shtml.

The company encountered delays in closing sales opportunities within our primary market of Colombia in the third quarter of 2010 and accordingly the Company did not record any SFD^® survey revenue in the third quarter of 2010.  The conditions which gave rise to these delays have continued into the fourth quarter of 2010.  In response to these reduced sales opportunities we have broadened our marketing activities to now include two new countries; Peru and Pakistan.

The delays in the Colombia market were largely driven by problems in the award of concession blocks following the 2010 Colombian Bid Round submissions in July of 2010.  ANH, the Colombian regulatory body, delayed the formal award of concession blocks pending appeals made by a few unsuccessful bidder companies.  The successful bidder companies have accordingly suspended awarding contracts to service providers, such as NXT, as they await formal concession awards.  We anticipate these formal awards to occur prior to the end of 2010 and with these awards the opportunities for closing SFD^® survey contracts will resume.

The Company remains committed to the Colombian market as Colombia provides a strong market for our SFD^® services.  We continue with active sales initiatives in this country including maintaining ongoing dialogue with Colombian companies who have stated their intention to conduct SFD^® surveys upon receiving formal concession block awards and to companies who have expressed interest in purchasing previously acquired Colombian SFD^® data.

In the third quarter the Company had responded to a request for information from a Pakistan oil and gas company.  This Pakistan company has now conducted extensive due diligences on SFD^® and NXT including reviewing technical material, obtaining written references from NXT clients from both Canada and Colombia plus receiving several technical presentation from NXT personnel in Pakistan.

This process has resulted in NXT receiving a sole source request-for-proposal to conduct an SFD^® survey in Pakistan.  NXT’s bid was submitted on November 2 and the bid process has now resulted in the completion of both technical and financial reviews by this potential customer.  We are in the process of awaiting a contract award which we anticipate closing. The survey is for $2.66 million with the survey scheduled to commence in the first quarter of 2011.  Notwithstanding these positive developments there can be no assurance that this process will result in a contract award.

In addition, as previously announced, in the third quarter the Company engaged a respected Peruvian representative to act as our non-exclusive sales representative in that country.  

NXT is a Calgary based company providing airborne detection solutions to support hydrocarbon exploration enabling our clients to focus their exploration decisions concerning land commitments, data acquisition expenditures and prospect prioritization onto the areas with the greatest potential.  NXT’s proprietary airborne Stress Field Detection ("SFD®") survey system provides a unique survey method that remotely identifies potential traps and reservoirs.  SFD® is environmentally friendly and unaffected by ground security issues or difficult terrain and is effective both onshore and offshore.  NXT provides its clients an efficient and reliable method to conduct frontier surveys to support exploration.  SFD® is the registered trademark of NXT Energy Solutions Inc.

Forward-Looking Statement

This news release includes forward-looking statements.  When used in this document, words such as “plan”, “see”, “anticipate” and “scheduled”, are 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 a forward-looking statement are reasonable; there can be no assurance that such expectations will be realized.  Any number of factors can cause actual results to differ materially from those in the forward-looking statement.

For further information contact:

Ken Rogers, VP Finance and CFO

NXT Energy Solutions Inc.

Suite 1400, 505 3rd Street, S.W.,

Calgary, Alberta, Canada T2P 3E6

Tel: (403) 264-7020

Fax: (403) 264-6442

nxt_info@nxtenergy.com

www.nxtenergy.com

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