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MXM

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Share Name Share Symbol Market Type
TSXV:MXM TSX Venture Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0 -

Maxim Receives Reconnaissance Concession for Hassi Berkane Block

24/07/2014 6:13pm

Marketwired Canada


Maxim Resources Inc., (Maxim), (TSX VENTURE:MXM)(FRANKFURT:M5H)(OTCBB:MXMSF), is
pleased to announce that it has received the Reconnaissance Concession
Authorization in conjunction with the Hassi Berkane Block in the Kingdom of
Morocco. 


Maxim and the National Office of Hydrocarbons and Mines, ("ONHYM"), made
application to the Ministry of Energy, Mines, Water and Environment of Morocco,
("MEMWE"), for a Reconnaissance Concession Authorization in order to conduct the
research needed to meet the requirements of the Reconnaissance Contract with
ONHYM as previously announced on June 23, 2014. 


The Reconnaissance Concession Authorization is required in order to conduct
exploration and review works. The work contemplated includes geological,
geochemical and geophysical surveys and geotechnical review of already existing
data. This work will be completed within approximately 4 months at which point
Maxim will assess the results and chose its next steps in conjunction with
ONHYM. 


The Reconnaissance Concession Authorization provided by MEMWE is granted for a
one year period and is exclusive and may be extended for several periods of one
year if needed. The results of the exploration and reconnaissance works are
released to MEMWE and ONHYM for review. With a successful review of the data
Maxim, in conjunction with ONHYM, will have the right to obtain an Exploration
Permit from MEMWE for all (or some) of the Hassi Berkane Concession. 


Art Brown, CEO and President of Maxim stated; "Maxim is pleased to now be able
to move forward with Stage 1 of our reconnaissance works on Hassi Berkane. While
trying to complete this works at the earliest, we are continuing to review
further projects and opportunities as well." 


About Maxim

Maxim is an 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.
Investments may be by way of acquisition, participation and/or fractional
interest. 


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
(604) 630-0280 or toll free at 1- 888-882-8891
info@maximresources.com
www.maximresources.com

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1 Year Maxim Resources Inc. Chart

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