MXG Maxim Power Corp

Deerland Peaking Station

MAXIM (TSX:MXG) is pleased to announce that it has received regulatory approvals
from the Alberta Utilities Commission and Alberta Environment to construct and
operate the Deerland Peaking Station, a 190 MW natural gas-fired peaking
facility.  The station will be located immediately adjacent to the existing
Deerland high voltage substation in Alberta's industrial heartland, an area
expected to experience significant growth in electrical demand.


MAXIM has an option to lease up to 30 acres of land for the station. This is an
attractive asset as it provides land for future expansion. MAXIM expects peaking
requirements to continue to grow to meet overall demand growth and to provide
firm backup for additional intermittent wind resources.


The Deerland Peaking Station will constructed in two 95 MW phase with each phase
configured with two General Electric LM6000 combustion turbine generator
packages. Commercial operation for each of the phases is expected to be achieved
in 2009 and 2010, respectively, subject to electricity market conditions and to
MAXIM's ability to conclude all commercial arrangements necessary to support
construction.


HR Milner Turnaround

MAXIM completed the annual turnaround of the HR Milner facility on time and
within budget. The facility was taken offline on March 28, 2008 and resumed
service eight weeks later on May 26, 2008. Post turnaround the facility operated
at a derated capacity of 120 MW while safety valve certifications were carried
out and was ramped up to 136 MW (net to grid) on May 30, 2008.


The 2008 turnaround included refurbishment of major components such as the
generator and steam turbine, and other projects that will lengthen the economic
life of the plant. MAXIM expects to realize improved output and efficiency which
will result in increased sales of electricity, lower fuel costs per unit of
output and positive contributions towards meeting the facility's provincial
emissions intensity targets.

Appointment of Officer

MAXIM is also pleased to announce the appointment of Mr. K. Jamie Urquhart as
Vice President, Operations effective July 7, 2008. Mr. Urquhart has collectively
over eighteen years of experience in the electric and oil and gas industries and
most recently was the Chief Operating Officer of an independent power company.


About MAXIM

Based in Calgary, Alberta, MAXIM is an independent power producer, which
acquires or develops, owns and operates innovative and environmentally
responsible power plants. 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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