MXG Maxim Power Corp

Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) announced today that
it has agreed to sell its 26 MW Alberta Power Project facilities for $12.95
million to AltaGas Pipeline Partnership ("AltaGas"). The Alberta Power Project
consists of four separate facilities in southern Alberta: Taber, Burdette,
Coaldale and Fort MacLeod. For the past seven years, the power generated from
these facilities has been sold to an affiliate of AltaGas under a long term
tolling agreement and the facilities have been operated by AltaGas. The
transaction is subject to customary closing conditions.


MAXIM's historic contribution to Adjusted EBITDA(1) from the tolling agreement
is approximately $1.7 million annually. The sale is accretive to MAXIM
shareholders, resulting in a multiple of enterprise value to Adjusted EBITDA of
7.6 times. MAXIM will utilize the proceeds from the sale of these assets to
advance its development projects in Alberta: Deerland, Milner Expansion, and
Mine 14.


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 41 power plants in
western Canada, United States and France, having 789 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.


(1) Adjusted EBITDA is a non-GAAP financial measure that is provided to assist
management and investors in determining the Corporation's approximate operating
cash flows before interest, income taxes, depreciation and amortization.
Adjusted EBITDA does not have any standardized meaning prescribed by Canadian
GAAP and may not be comparable to similar measures presented by other companies.
Refer to Non-GAAP measures in MAXIM's MD&A for reconciliations between non-GAAP
financial measures and comparable measures calculated in accordance with
Canadian GAAP.


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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