Maxim Power Corp. (TSX:MXG) ("MAXIM" or the "Corporation") announced on November
20, 2012 that it entered into a 25 MW, one-year firm financial swap agreement
with an undisclosed third party. The financial swap agreement provides an
additional 25 MW of power to MAXIM at a fixed price of $58.80 per MWh during
2013. MAXIM views the current forward prices for the 2013 Alberta power market
as a favorable entry point considering the province's current supply/demand
fundamentals and anticipated volatility of power prices. 


MAXIM will factor this firm financial power position into the optimization of
its overall Alberta generation portfolio. The 25 MW firm financial Alberta power
agreement adds to MAXIM's existing generating capacity of 156 MW, providing
MAXIM with power generation totaling 181 MW for 2013 through two physical power
plants and this financial swap. During 2013 MAXIM anticipates that it will
realize value from this portfolio through a combination of offsetting firm
financial power agreements, unit-contingent power sales agreements, and selling
electricity at spot Alberta electricity prices.


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, the 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maxim Power Corp.
John R. Bobenic
President and CEO
(403) 750-9300


Maxim Power Corp.
Michael R. Mayder
Vice President, Finance and CFO
(403) 750-9311
www.maximpowercorp.com
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