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,
obtained bank financing of $9.5 million (EUR 6.2 million) with the funds to be
used to repower the Sebi and Chabossiere power stations in France which were
acquired in February, 2009. These renovations will provide for 10.8 MW of
electrical and 10.8 MW of thermal capacity.


In addition, MAXIM is pleased to report that COMAX closed the purchase of four
power project sites. Previously used for the generation of electricity, these
sites include land, buildings, electrical and natural gas infrastructure. COMAX
intends to repower these sites and sell electricity under term contract
arrangements. The cost to acquire these facilities was $2.45 million (EUR 1.6
million). COMAX has received a financing commitment from a French bank for the
full amount of this purchase and anticipates closing the financing during August
2009, following satisfaction of certain customary conditions precedent. On an
interim basis, this purchase is being financed using existing cash.


At present, MAXIM's generating portfolio of assets in France is comprised of 26
power plants having a total of 163 MW of electric and 130 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 39 power plants in
western Canada, United States and France, having 788 MW of electric and 137 MW
of thermal net generating capacity. Approximately 80% of MAXIM's current
portfolio is comprised of clean burning natural gas, high efficiency
cogeneration, waste heat and landfill gas fuelled generation. 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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