MXG Maxim Power Corp

Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) announced today that
it has entered into an arrangement agreement to amalgamate with EarthFirst
Canada Inc. ("EarthFirst") through a plan of arrangement under the Business
Corporations Act (Alberta) (the "Arrangement"). Closing is subject to certain
conditions including completion of the previously announced sale by EarthFirst
of its Dokie I project, a vote by MAXIM shareholders in favour of the
Arrangement, approval of the arrangement agreement by the Court of Queen's Bench
of Alberta pursuant to EarthFirst's ongoing CCAA proceedings, and customary
court and regulatory approvals (including those of the Toronto Stock Exchange)
required for the Arrangement. MAXIM anticipates investing $5 million plus
closing costs to consummate the Arrangement.


The amalgamation with EarthFirst provides MAXIM with a strategic Alberta power
project development opportunity. The Buffalo Atlee Power Project ("Buffalo
Atlee"), situated near Brooks, Alberta, has the potential for 200 megawatts of
wind generation capacity. Wind data has been collected on the site for eighteen
months and Buffalo Atlee holds an exploratory Crown land permit with a term of
four years, expiring on January 1, 2011. The addition of wind generation to
MAXIM's existing portfolio of assets will diversify MAXIM's generation fuel
types and provides the potential to offset the impacts of proposed carbon
legislation. MAXIM intends to further invest in the development of this site and
explore other wind generation opportunities. At closing, it is anticipated that
EarthFirst will not have any material liabilities and will have approximately
$100 million in Canadian tax pools related to the power business.


MAXIM anticipates that it will mail an information circular to shareholders
detailing the Arrangement by December 15, 2009, with a special meeting of MAXIM
shareholders expected on or about January 15, 2010.


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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