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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 Signs Reconaissance Contract for Hassi Berkane Block With ONHYM

23/06/2014 4:30pm

Marketwired Canada


Maxim Resources Inc. (Maxim) (TSX VENTURE:MXM)(OTCBB:MXMSF)(FRANKFURT:M5H) is
pleased to announce the Corporation has signed a Reconnaissance Contract for the
Hassi Berkane Block (formerly Beni Znassen Block) in the Kingdom of Morocco
("Morocco").


Maxim signed the Reconnaissance Contract with Mrs. Amina Benkhadra, the Managing
Director of the National Office of Hydrocarbons and Mines ("ONHYM"). ONHYM and
Maxim has jointly applied to the Ministry of Energy, Mines, Water and
Environment of Morocco (MEMWE) for the Reconnaissance Concession, which is
expected to be issued in the coming weeks.


The Hassi Berkane Block is located onshore in the northeast part of Morocco and
encompasses 5,116 km2 with extensive 2-D seismic data. Key attributes of the
Hassi Berkane 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 Hassi Berkane 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. 



Maxim will start Stage 1 reconnaissance of the Hassi Berkane Block in the next
30 days which will consists of; 




--  Preparation of a NI51-101 Standards of Disclosure For Oil and Gas
    Activities by a Qualified Person 
--  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.



Art Brown, CEO and President of Maxim stated; "Maxim has been seeking new
opportunities that will have both exploration and near term production
possibilities. This Hassi Berkane Block 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." 


About Maxim

Maxim is an oil and gas production and exploration company. The Company is
focused on identifying assets that are producing or near term production with
possible upgrading and exploration step out opportunities. The Company is
actively seeking projects that meet this criteria. 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: 1- 888-882-8891
info@maximresources.com
www.maximresources.com

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