MXG Maxim Power Corp

Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) announced that it has
concluded its amalgamation with EarthFirst Canada Inc. ("EarthFirst") through a
plan of arrangement under the Business Corporations Act (Alberta) (the
"Arrangement"). Closing of the Arrangement had been 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).
All such conditions have been satisfied and MAXIM has invested $5.9 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 over 200 megawatts
of wind generation capacity. Wind data has been collected on the site for four
years 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 would diversify MAXIM's generation fuel
types and provide the potential to offset the impact of possible carbon
legislation. MAXIM intends to invest further in the development of this site and
explore other wind generation opportunities. At closing, EarthFirst had no
material liabilities and $117.4 million in Canadian tax pools related to the
power business.


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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