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Energy Exploration Technologies Inc. Announces the Final Closing of Convertible Debt Financing and New Office Address

Posted on: Thursday, 8 December 2005, 12:00 CST

Energy Exploration Technologies Inc. (OTCBB:ENXTF) (FWB:EFW) ("NXT" or "the Company"):

NXT is pleased to announce the final closing of Convertible Debt under its previously announced interim financing for aggregate proceeds totaling $1.975 Million U.S. Subscribers approved an increase in the maximum offering above $1.5 million US to permit the Corporation to accept over subscription amounts. As part of this financing, two directors of NXT have agreed to convert their pre-existing loans to the Company in the amount of $213,600 US into Convertible Debt.

Proceeds will be applied by the Company to continue current business operations and to pursue commercial agreements to utilize NXT's proprietary SFD Survey System in North America and internationally.

Effective December 1, 2005, NXT has relocated its office to the address listed below. Energy Exploration Technologies Inc. 505 - 3rd Street S.W., Suite 1400 Calgary, Alberta, Canada T2P 3E6

Forward-Looking Statements

This press release may include forward-looking statements including opinions, assumptions, estimates and expectations of future production, cash flow and earnings. 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, the volatility of oil and gas prices, the ability to implement corporate strategies, the state of domestic capital markets, the ability to obtain financing, changes in oil and gas acquisition and drilling programs, operating risks, production rates, reserve estimates, 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.

Oil equivalent amounts have been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil. BOE's may be misleading, particularly if used in isolation. A BOE conversion ratio of 6 mcf: 1 bbl is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead.

Neither the NASDAQ nor the Frankfurt Exchanges has reviewed and do not accept responsibility for the adequacy or accuracy of this release.

Energy Exploration Technologies Inc. (OTC Bulletin Board:ENXTF) (FRANKFURT:EFW)

Source: Business Wire

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