Maxim Resources and New Scotland Oil and Gas Announce Settlement Agreement With Jasmin Oil and Gas

Maxim Resources Inc., ("Maxim" or the "Company"), (TSX
VENTURE:MXM)(OTCBB:MXMSF)(FRANKFURT:M5H), is pleased to announce that the
Company and New Scotland Oil and Gas Ltd. ("NSOG"), have concluded settlement
negotiations and entered into a Settlement Deed & Agreement with respect to
litigation between the Company and Jasmin Oil & Gas Limited ("Jasmin"). 


On April 16, 2012 (and amended on June 11, 2012) Maxim commenced a legal claim
(referred to as Claim No. CV2012-01528) in the High Court of Justice in Trinidad
and Tobago, (the "Action"). This Action was against Jasmin, and directors, Mr.
Charles Cook and Mr. Kenneth Macleod (collectively the "Defendants").


Through the good spirit of discussions and negotiations, Maxim and the
Defendants came to an agreement for the resolution of the Action. Effective May
29, 2014 Maxim, NSOG and the Defendants entered into a settlement deed (the
"Settlement Deed") and, pursuant to the terms of the Settlement Deed, Jasmin has
paid to Maxim $2,500,000 USD in full and final settlement of all claims
associated with the Action.


This payment now concludes the Action and all dealings between Maxim and Jasmin.
Maxim legal counsel in Trinidad and Tobago has now filed a Discontinuance of
Action in the High Court of Justice in Trinidad and Tobago. 


Going forward Maxim is excited to begin to review and evaluate new opportunities
and will update its shareholders with any new developments and opportunities. 


About Maxim

Maxim is a junior oil and gas production and exploration company based in
Vancouver, Canada. The Company is focused on identifying producing assets or
assets which present near term enhancement and exploration opportunities. The
Company is actively seeking assets that meet the Company's established
investment criteria.


We encourage any interested parties to visit www.maximresources.com and hit the
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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