Nexia Closes Oil & Gas Lease and Gears Up to Acquire Additional Oil & Gas Leases

SALT LAKE CITY, UT--(Marketwire - July 15, 2009) - Nexia Holdings, Inc. (PINKSHEETS: NXHD) reported that it has closed on the acquisition of a 7% working interest in an oil and gas lease located in Fisher County, Texas.

Nexia has formed a subsidiary named Diversified Oil & Gas, Inc. which will hold oil and gas properties exclusively. CEO Richard Surber stated, "Nexia has its eye on two additional working interests in oil & gas leases, located in Texas as well. I hope to be signing an agreement to acquire additional interests in the coming weeks. I am very pleased with the current acquisition and hope to build this segment of the business into a substantial cash producing operation in the coming years. Diversifying into the energy sector should have long term benefits for Nexia."

The lease is located in Fisher County, Texas and currently has one operating well on the property known as Teagarden B. Production reports, obtained from the governing regulatory body in Texas, indicate that production for the months of January 2009 through May of 2009 at between 105 and 160 barrels per month were reported.

About Nexia Holdings, Inc.:

Nexia Holdings, Inc. (PINKSHEETS: NXHD), headquartered in Salt Lake City, Utah, is a diversified holdings company with operations in health & beauty and real estate. Nexia's subsidiary, Green Endeavors, LTD (PINKSHEETS: GRNE), www.green-endeavors.com, owns a majority interest in Landis Salons, Inc., www.landissalons.com, a hair salon built around the world-class AVEDA™ product line. Through its Style Perfect, Inc. subsidiary, Nexia owns an online store at www.blackchandelier.com. Visit www.nexiaholdings.com to learn more.

Nexia strongly encourages the public to read the above information in conjunction with its Form 10-K for December 31, 2007 and the subsequent quarterly filings and disclosures in 2008 and 2009. Nexia's disclosures can be viewed at www.nexiaholdings.com, www.sec.gov, and www.pinksheets.com. Nexia ceased being a fully reporting company in April 2009. Investors are cautioned that they should not invest anymore than they can afford to lose in penny.