MXG Maxim Power Corp

Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) announced today that
the Energy Resources Conservation Board ("ERCB" or "Board") has decided that,
subject to the customary authorization of the Lieutenant Governor in Council,
the Board will approve the application by MAXIM's wholly-owned subsidiary,
Milner Power Inc., for a permit to develop the Milner No. 14 coal mine and a
license to commence mining operations. In its decision, the Board noted that the
application meets all ERCB requirements.


The No. 14 Mine is an underground coal mine to be located north of Grande Cache,
Alberta and is estimated to contain 26 million tonnes (13 million recoverable
tonnes) of high quality metallurgical coal (refer to technical report filed on
SEDAR on May 22, 2005). MAXIM considers this resource to be valuable both as a
potential fuel source for its existing HR Milner generating facility and its
planned 500 MW expansion of the HR Milner generating facility, and for potential
sale to international metallurgical coal markets. 


The ERCB decision is the culmination of a three-year process that involved
extensive public consultation, engineering and the preparation and review of
regulatory applications. Development engineering, geotechnical studies and mine
plans have been completed and MAXIM is well positioned to advance this project. 


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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