Maxim Power Corp. Announces Termination of Agreement to Sell Maxim Power (USA), Inc.

Maxim Power Corp. ("MAXIM" or the "Corporation") (TSX:MXG) announced today that
Patriot Power Holdings, LLC ("Patriot"), an affiliate of Rockland Capital, has
issued a notice to MAXIM to terminate the agreement to purchase 100% of MAXIM's
ownership interest in Maxim Power (USA), Inc. ("MUSA") due to an outstanding
regulatory inquiry by The Federal Energy Regulatory Commission ("FERC"). 


MAXIM had previously entered into an agreement on August 5, 2013 to sell its
interest in MUSA to Patriot, subject to regulatory approvals and certain closing
conditions. As previously reported, MAXIM is responding to a FERC inquiry
related to its offers to supply electricity to the ISO New England market. This
process is continuing and MAXIM is fully cooperating with FERC. No formal
proceedings or claims have been commenced against MAXIM and MAXIM is uncertain
as to the timing and outcome of this process.


MAXIM is reviewing its position with respect to the notice of termination and
the sale of MUSA. The net carrying value of MUSA on September 30, 2013 was $84
million, which included $16 million of cash that reverts to MAXIM on termination
of the sale. MAXIM will also re-evaluate the ISO New England market as part of
its strategic review considering tightening supply demand fundamentals and their
potential positive impact on forward capacity prices and thus related asset
valuations.


CONFERENCE CALL

MAXIM will host a conference call for analysts and investors on Tuesday,
December 3, 2013 at 8:00 am MT. The call will be hosted by John Bobenic, MAXIM's
President and Chief Executive Officer, and by Mike Mayder, Vice President,
Finance and Chief Financial Officer. To participate in this conference call,
please dial [phone] or [phone] in the Toronto area and enter
passcode 6718243. It is recommended that participants call at least ten minutes
prior to start time.


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, the United States and France, having 802 MW
of electric 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.


FOR FURTHER INFORMATION PLEASE CONTACT: 
Maxim Power Corp.
John R. Bobenic
President and CEO
[phone]


Maxim Power Corp.
Michael R. Mayder
Vice President, Finance and CFO
[phone]
www.maximpowercorp.com