Nextraction Energy Corp. announced that the previous directors of the company, being Eric Carlson, Frank Hallam, R. Michael Jones, and Paul Trost have ceased to be directors of Nextraction. The newly appointed directors of the company are Gong (Michael) Chen, Benjamin Gill, John Versfelt, and Steve Elliott.

In addition, John Zang, the former Chief Executive Officer of Nextraction, and Frank Hallam, the former Interim Chief Financial Officer of Nextraction, have resigned as officers of the company. The Nextraction Board of Directors appointed John Versfelt as Chief Executive Officer, Gong (Michael) Chen as Chief Financial Officer and Darren Timmer as Corporate Secretary of the company. The appointed directors and officers have agreed to resign from their positions in the event that it is found by an applicable securities commission or stock exchange that they cannot act in such role.

The Board of Directors has also appointed members to the company's Audit Committee. The Audit Committee consists of Gong (Michael) Chen, Benjamin Gill and Steve Elliott. All Audit Committee members are independent except for Mr. Chen who is the CFO of Nextraction.