MXG Maxim Power Corp

Maxim Power Corp. (TSX:MXG) ("MAXIM") announced today that it has closed the
purchase of the 86 megawatt ("MW") Forked River Power Plant located in Ocean
County, New Jersey. The plant was acquired from Jersey Central Power and Light
Company ("JCP&L") for US$20.0 million and was financed with cash on hand. In
conjunction with this purchase a ten year tolling agreement has been entered
into with FirstEnergy Solutions Corp., a subsidiary of FirstEnergy Corp. and an
affiliate of JCP&L, for the entire capacity of the plant.


The Forked River power plant is a strategic addition to MAXIM's growing base of
generating capacity in the northeast United States. The Forked River project is
located in New Jersey and includes 30 acres of land and existing infrastructure
to support future development of additional generating capacity on site. MAXIM
now owns 213 MW of generating capacity in this region and will own 383 MW upon
closing the previously announced Pittsfield Power Plant acquisition. These
acquisitions provide scale and diversity in MAXIM's generating portfolio.
Furthermore, MAXIM expects operational synergies across the plants given the
common technology platform and operator. These plants include seven GE Frame 6
combustion turbines and all are operated by PurEnergy LLC.


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 now owns and operates 34 power plants in
Western Canada, United States and France, having 585 MW of electric and 132 MW
of thermal generating capacity. Upon closing the acquisition of the Pittsfield
Power Plant, MAXIM will own 35 power plants having 755 MW of electric and 132 MW
of thermal 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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