MXG Maxim Power Corp

Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) announced today that
it has entered into agreements to secure firm natural gas transportation service
for the 190 MW Deerland Peaking Station ("D1"). Entering into these agreements
is critical to meeting D1's target commercial operation date of Q4 2013. 


D1 is a highly attractive project due to increasing demand for electricity in
Alberta coupled with a contraction of reliable base load supply. The D1 site is
located near Bruderheim in Alberta's industrial heartland. D1 is in close
proximity to the entry point of the proposed Gateway pipeline and adjacent to
the existing Deerland high voltage substation. This area is expected to
experience significant growth in electrical demand. MAXIM expects peaking
requirements across Alberta to continue to grow to meet this increasing demand
and to provide firm backup for intermittent wind resources. 


D1 is the only shovel-ready permitted natural gas-fired peaking project in the
province of Alberta. MAXIM has received all required regulatory approvals to
construct and operate D1. The Corporation has engaged engineering and
construction support services to commence construction in 2012 and anticipates
the facility will commission in Q4 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 and power related projects. MAXIM currently owns and operates
40 power plants in western Canada, United States and France, having 788 MW of
electric and 111 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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