MXG Maxim Power Corp

Maxim Power Corp. ("MAXIM") (TSX:MXG) announced today that its wholly-owned
subsidiary, Comax France S.A.S. ("Comax"), has entered into power purchase
agreements ("PPA's") to provide 74 MW of electrical peaking services to
Electricite de France ("EdF") for a term of eight years. 


Comax will provide peaking service to EdF through ten distributed generation
sites, five of which represent new sites acquired for this purpose and five of
which are existing power plants being adapted for this purpose. The total
investment is Cdn. $10 million, of which $9.8 million or 98% is being provided
by a number of French banks, and the remaining $200 thousand or 2% is being
provided by cash on hand. Work will be carried out through the spring of 2010 to
reconfigure equipment at certain sites for commercial operations to commence on
July 1, 2010.


The provision of peaking services represents an important diversification of
services and entry into a new market for Comax. Historically, Comax has focused
on cogeneration applications whereby electricity is sold to EdF and thermal
energy is sold to local businesses such as greenhouses. The provision of peaking
services will enable Comax to redeploy existing equipment on an economically
attractive basis. Comax further anticipates developing and acquiring additional
generating capacity to be contracted under this form of PPA. Comax has now total
generation capacity of 184 MW of electricity and 81 MW of thermal energy.


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 44 power plants in
western Canada, United States and France, having 809 MW of electric and 117 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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