MXG Maxim Power Corp

Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) wishes to announce
that the Toronto Stock Exchange (the "Exchange") has accepted the notice filed
by MAXIM of its intention to make a Normal Course Issuer Bid ("NCIB").


Pursuant to the NCIB, MAXIM may, during the 12 month period commencing on April
2, 2008, purchase up to approximately 5% of the issued and outstanding Common
Shares in the capital of the Corporation or up to 2,220,000 Common Shares. There
is currently a total of 44,408,984 Common Shares issued and outstanding. The bid
will terminate on April 1, 2009, or such earlier time as the bid is completed or
terminated at the option of MAXIM. In this regard, Management has been
authorized to purchase 2,220,000 Common Shares. Shares will be purchased through
the facilities of the Exchange at the prevailing current market price, and such
shares will be cancelled and returned to treasury. Subject to the ability of the
Corporation to make one block purchase per calendar week, under the rules of the
Exchange, MAXIM may purchase up to 3,132 Common Shares each trading day. The
actual number of Common Shares to be purchased and the timing of any purchases
will be at MAXIM's discretion.


MAXIM believes that prevailing market conditions have resulted in its Common
Shares being undervalued relative to the immediate and long term value of the
Corporation. Further, the acquisition of Common Shares at current market values
would represent an appropriate use of MAXIM's cash resources, and such purchases
would enhance Shareholder value.


About MAXIM

Based in Calgary, Alberta, MAXIM is an Independent Power Producer, which
acquires or develops, owns and operates innovative and environmentally
responsible power projects. MAXIM owns and operates 32 power plants in Western
Canada, United States and France, having 492 MW of electric and 125 MW of
thermal generating capacity. Upon closing acquisitions of the Forked River and
Somal power plants, MAXIM will own and operate 34 power plants having a total of
585 MW of electric and 132 MW of thermal net generating capacity.


MAXIM will continue to execute on its strategy as an Independent Power Producer
and is targeting significant growth through acquisitions and development of
power projects which utilize hydrocarbon based fuels and renewables in the
markets of Western Canada, United States and France. MAXIM trades on the TSX
under the symbol "MXG". For more information about MAXIM, visit our website at
www.maximpowercorp.com.


Statements in this release which describe MAXIM's intentions, expectations or
predictions, or which relate to matters that are not historical facts are
forward-looking statements. These forward-looking statements involve known and
unknown risks and uncertainties which may cause the actual results, performances
or achievements of MAXIM to be materially different from any future results,
performances or achievements expressed in or implied by such forward-looking
statements. MAXIM may update or revise any forward-looking statements, whether
as a result of new information, future events or changing market and business
conditions and will update such forward looking statements as required pursuant
to applicable securities laws.

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