MXG Maxim Power Corp

Maxim Power Corp. (TSX:MXG) ("MAXIM or the Corporation") announced today that
Comax France S.A.S. ("COMAX"), the Corporation's wholly owned French subsidiary,
has closed the purchase of two power plants (Sebi and Chabossiere) in France,
having a total of 16 Megawatts ("MW") of installed generating capacity. The
purchase price of EUR 1.0 million was financed entirely with debt provided by a
French bank.


COMAX plans to repower both cogeneration plants with new engines and enter into
new standard twelve-year power purchase agreements with Electricite de France
for the electrical output of these plants. The repowering cost is estimated at
EUR 6.2 million and will be financed entirely with debt. COMAX has received a
financing commitment from a French bank for the full amount and anticipates
closing the financing during March 2009, following satisfaction of certain
customary conditions precedent. The existing engines are to be redeployed to
COMAX's portfolio of merchant peaking capacity.


Following repowering, which is expected to be completed by November 1, 2009, a
further 10.8 MW of electric generating capacity and 10.8 MW of thermal
generating capacity will be added, bringing MAXIM's generating portfolio of
assets in France to 24 power plants having a total of 160 MW of electric and 137
MW of thermal net installed generating capacity.


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 currently owns and operates 37 power plants in
western Canada, United States and France, having 773 MW of electric and 137 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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