MXG Maxim Power Corp

Maxim Power Corp. (TSX:MXG) ("MAXIM" or the "Corporation") announced today that
the Court of Appeal of Alberta (the "Court") has denied an application for leave
to appeal the interim decision of the Alberta Utilities Commission ("AUC") that
granted approval to MAXIM to construct the 500 megawatt Milner expansion project
("M2"). 


The AUC has issued both an interim and a final decision on MAXIM's application
to construct M2. On June 30, 2011, the AUC issued an interim decision to approve
MAXIM's application. Today, the Court denied an application for leave to appeal
this decision. On August 10, 2011, the AUC issued their final decision approving
the project. No party has sought leave to appeal the final decision and the
period for which the Court would consider such applications related to this
decision has expired.


M2 has been under development by MAXIM since May 2005. A lengthy public
consultation and regulatory approval process culminated in the project's
approval by the AUC. M2 will utilize supercritical, pulverized coal technology,
making it one of the cleanest and most fuel-efficient coal-fired power plants in
Canada that can meet Alberta's growing electric energy needs and allow for the
orderly retirement of a less efficient, less reliable and aging conventional
coal-fired fleet. 


The M2 design incorporates emission control equipment capable of achieving 60 to
80 percent reductions in sulphur dioxide, nitrogen oxides and mercury compared
to the conventional coal-fired power plants still operating in Alberta. The
highly efficient M2 design will also reduce carbon dioxide emissions by 20%
compared to these existing plants. M2 is a reliable and low-cost generation
supply solution for Albertans that is entirely consistent with federal and
provincial goals for emissions reductions. 


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, the United States and France, having 809 MW of electric and 117
MW of thermal net generating capacity. 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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