Next Fuel, Inc. Retains RJ Falkner & Company as Investor Relations Counsel

Next Fuel, Inc.(OTCQB: NXFI.PK - News) (Pinksheets: NXFI.PK - News), which develops and commercializes clean energy and environmental technologies and solutions, today announced that it has retained RJ Falkner & Company, Inc. to develop and implement a comprehensive investor relations program for the Company.

RJ Falkner & Company, Inc. is an investment research and financial communications firm that seeks out undervalued small-cap companies with the potential to outperform the overall stock market on an intermediate- and long-term basis. Its research analysts work with the managements of such companies to broaden their exposure within the investment community and expand the level of interest among investment professionals and high-net-worth individual investors. Additional information on RJ Falkner & Company is available on the Internet at www.rjfalkner.com.

"We selected RJ Falkner & Company as our investor relations firm because of its expertise in shareholder communications and the relationships that its research analysts have developed within the investment community over the past 42 years," stated Robert H. Craig, Chief Executive Officer of Next Fuel, Inc.

"We are excited to be selected to provide a full range of investor relations services to Next Fuel, Inc.," commented R. Jerry Falkner, CFA, President of RJ Falkner & Company, Inc. "In our opinion, the Company is positioned to significantly enhance shareholder value in coming years by developing innovative technologies that can (1) increase the production of clean energy from renewable resources and (2) address environmental challenges associated with traditional energy production and industrial pollution."

The agreement between Next Fuel, Inc. and RJ Falkner & Company, Inc. covers at least one year and provides for assistance in investor relations, press release development, the preparation and distribution of independent analyses and research reports, and other related services of benefit to Next Fuel, Inc. Any forecasts, projections and/or conclusions contained in the research reports published by RJ Falkner & Company will be independently prepared by RJ Falkner & Company, unless otherwise stated, and will not be endorsed by the management of Next Fuel, Inc.

About Next Fuel, Inc.

Next Fuel, Inc. develops and commercializes innovative technologies associated with renewable energy, including unconventional natural gas production from lower-grade coal, lignite, oil shale and other carbonaceous deposits. The Company is currently in the process of commercializing its Coal-to-Gas ("CTG") technology with strategic international partners.

The Company is also developing other proprietary advanced technologies that address environmental issues associated with oil and gas production and the operation of industrial production facilities.

Next Fuel, Inc. is headquartered in Sheridan, Wyoming, and its common stock is listed on the OTCQB Market under the symbol "NXFI" or "NXFI.PK".

Forward Looking Statements 
Forward Looking Statements This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the "Exchange Act") (which Sections were adopted as part of the Private Securities Litigation Reform Act of 1995). Statements preceded by, followed by or that otherwise include the words "believe," "anticipate," "estimate," "expect," "intend," "plan," "project," "prospects," "outlook," and similar words or expressions, or future or conditional verbs such as "will," "should," "would," "may," and "could" are generally forward-looking in nature and not historical facts. These forward looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any anticipated results, performance or achievements. The Company disclaims any intention to, and undertakes no obligation to, revise any forward-looking statements, whether as a result of new information, a future event, or otherwise. For additional risks and uncertainties that could impact the Company's forward-looking statements, please see the Company's Annual Report on Form 10-K for the year ended September 30, 2010, including but not limited to the discussion under "Risk Factors" therein, filed with the SEC, which may be viewed at http://www.sec.gov.