MXG Maxim Power Corp

Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) announced today that
its wholly owned subsidiary, Summit Coal Inc. ("SUMMIT"), has entered into an
agreement to acquire an additional coal lease for its Mine 14 project. The new
lease comprises 1,328 hectares and is contiguous to SUMMIT's existing Mine 14
coal leases. Upon closing this acquisition, SUMMIT's lease holdings increase a
further 25% to 6,669 hectares. The transaction is subject to customary closing
conditions.


SUMMIT had issued an updated Technical Report for its Mine 14 (metallurgical
coal) project pursuant to National Instrument 43-101 on May 3, 2012. This report
excludes potential Resources and Reserves associated with this new lease and the
two leases recently acquired in the Alberta Government's Public Offering of
Crown Coal Rights on May 2, 2012. 


SUMMIT intends to carry out an exploration program during 2012 to identify
additional Resources and Reserves on both its existing and recently acquired
leases. Upon the completion of this program, SUMMIT intends to issue a further
updated Technical Report. 


Additional information on Mine 14 can be found in the Technical Report on the
Mine 14 Project for Summit Coal Inc. dated May 3, 2012, which is available on
SEDAR (www.sedar.com).


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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