Maxim Announces Heads of Agreement to Acquire Reconsaissance Contract Interest from First Sahara Energy

Maxim Resources Inc., (Maxim), (TSX VENTURE:MXM)(OTCBB:MXMSF)(FRANKFURT:MSH), is
pleased to announce it has entered into a Heads of Agreement, ("HOA"), with
First Sahara Energy Inc., ("FSE"), to acquire its interest in a Reconnaissance
Contract on the Beni Znassen Block in the Kingdom of Morocco ("Morocco"). 


Maxim and FSE have agreed that the Reconnaissance Contract Interest held by FSE
in the Beni Znassen Block will be transferred to Maxim and its newly formed
wholly owned Moroccan subsidiary MAXIM Petrole de Gaz SARL, ("Maxim PG"). 


The Reconnaissance Contract Interest is administered by the Office National des
Hydrocarbures et des Mines, ("ONHYM"), and will be re-registered to Maxim PG,
with the acceptance and approval of ONHYM, on or about June 15, 2014. Upon
completion of the re-registration to Maxim PG of the Reconnaissance Contract
Interest, Maxim will issue to FSE a total of 2,000,000 common shares as
consideration. 


Maxim is pleased to also announce that effective immediately Mr. David Stadnyk,
Former Director and CEO of FSE, has joined the Maxim Board of Directors. As part
of the acquisition of the Reconnaissance Contract Interest in the Beni Znassen
Block by Maxim, Maxim agreed to provide this Board seat as Mr. Stadnyk is able
to bring a high level of knowledge and relationship experience to this
opportunity as a result of his previous workings with ONHYM. 


Mr. Stadnyk has extensive knowledge in the public capital markets and strong
relationships with global investment banks and independent boutique investment
dealers. He is President and CEO of Supreme Pharmaceuticals Inc. where he is key
in providing a variety of leadership, investment and developmental roles in the
biotech and pharmaceuticals sector as well as the roles he has held in the
resource sector. With more than 25 years of investment banking experience he has
successfully pioneered equity capital fundraising efforts in excess of well over
$500 MM. From 1998 to 2006, Stadnyk was the President of Patch International
Inc., an international junior oil and gas exploration and production company.
Stadnyk has also been a Director of Birch Lake Energy Inc., Canadian Energy
Exploration Inc. and Co-Founder and a Director of Arsenal Energy Inc., listed on
the TSX Venture Exchange.


The Beni Znassen Block is located onshore in the northeast part of Morocco and
encompasses 1.28 million acres with extensive 2-D seismic data. Key attributes
of the Beni Znassen Block are:




--  Similar reservoir and source rocks to the Tselfat area in central
    Morocco, which has large proven oil and gas reserves. 
--  The seismic data reveals several alluring structural anomalies with a
    similar profile to the numerous oil & gas fields in the Tselfat area. 
--  At least one of the anomalies is extremely large and appears to be
    structurally closed. 
--  There is a known oil seep at the periphery of the Beni Znassen basin. 
--  Drilling depth to target horizons is less than 3,000 meters. 
--  The property is close to the Maghreb Europe Gas Pipeline, which
    transports gas from the super giant Maghreb gas field in adjacent
    Algeria. The pipeline has ample excess capacity. 



ONHYM requirements for the Stage 1 development of the Beni Znassen Block will
include the following; 




--  Reprocessing 600 kilometers of existing 2-D seismic data
--  Reprocessing 10,000 kilometers of aero mag and gravity
--  A rock evaluation of basin outcrops
--  A micro-seepage study across the identified structural anomaly
--  Attribute reprocessing of key seismic lines, including direct
    hydrocarbon identification
--  Hyper spectral/multi-spectral analysis from high-resolution satellite
    imagery.



Maxim will be developing a budget as well as a plan to deploy the required
elements for the Stage 1 requirements upon completion of the signing and
re-registration of the Reconnaissance Contract with ONHYM in the coming weeks. 


Art Brown, CEO and President of Maxim said, "Maxim has been seeking new
opportunities that will have both exploration and near term production
possibilities. This Beni Znassen project has a substantial footprint and the
early stage research appears promising. Morocco has become a new frontier for
oil and gas exploration and production and we are very excited about the
opportunity to participate in this country's development. This acquisition along
with David joining the Board are productive steps for Maxim."


About Maxim

Maxim is a junior oil and gas production and exploration company based in
Vancouver, Canada. The Company is focused on identifying assets that meet the
following criteria, producing, near term enhancement and exploration
opportunities. The Company is actively seeking investments and participation in
assets that meet the established investment criteria. Investments may be by way
of acquisition, participation and/or fractional interest. 


We encourage any interested parties to visit www.maximresources.com and hit the
Register for News tab at the top of the page.


Issued on behalf of the Board of Directors of Maxim Resources Inc.

Arthur Brown President & CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that
term is defined in the policies of the TSX Venture Exchange) accepts
responsibility for the adequacy or accuracy of this release. This news release
may contain certain forward-looking information. All statements included herein,
other than statements of historical fact, is forward-looking information and
such information involves various risks and uncertainties. There can be no
assurance that such information will prove to be accurate, and actual results
and future events could differ materially from those anticipated in such
information. A description of assumptions used to develop such forward-looking
information and a description of risk factors that may cause actual results to
differ materially from forward-looking information can be found in the company's
disclosure documents on the SEDAR website at www.sedar.com. The company does not
undertake to update any forward-looking information except in accordance with
applicable securities laws.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maxim Resources Inc.
Arthur Brown
President and CEO
[phone] or toll free at 1-888-882-8891
[e-mail]
www.maximresources.com