MXG Maxim Power Corp

Maxim Power Corp. (TSX:MXG) ("MAXIM" or the "Corporation") announced today that
the Alberta Energy and Resources Conservation Board has issued Coal Mine License
No. C 2011-9 to its wholly owned subsidiary, Milner Power Inc. ("Milner") to
commence mining the Mine 14 coal reserve.


Milner was previously granted Permit No. C 2009-6 by the Alberta Energy
Resources Conservation Board to develop an underground coal mine in the Grande
Cache area. The newly granted license enables Milner to commence mining the coal
reserve. Milner anticipates receiving an interim surface lease in order to
undertake preparatory activities at the mine portal site and expects the
permanent License of Occupation and Mineral Surface Lease will be issued prior
to commencement of construction.


MAXIM considers the Mine 14 resource to be a valuable strategic asset. The mine
will be located north of Grande Cache, Alberta and is estimated to contain 13
million recoverable tonnes of high quality metallurgical coal. (Refer to
Technical Report on The No. 14 Mine Project filed on SEDAR on March 22, 2005.)
The resource has significant value both as a fuel source for MAXIM's existing HR
Milner generating facility and for the sale of metallurgical coal. 


MAXIM anticipates that Mine 14 will be commissioned in 2013.

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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