Maximum Ventures Inc.: Mongolia Licences Valid- Government Clarifies Effect of Notices

Maximum Ventures Inc. (NEX:MVI.H) - is very pleased to announce that the
Mongolian government has now clarified the effect of its recent notices to
holders of exploration licences. The clarification indicates licence holders are
obliged to move on to develop deposits. The Chairman of the Mineral Resources
and Petroleum Authority of Mongolia ("MRPAM") on September 10, 2007 issued a
statement noting that license holders "...have absolutely no risk to loose their
rights, if they fulfill the legal requirements."


Validity of licences is important to Maximum as it is suing Western Prospector
Group Ltd. and others for, among other things, ownership of all or a portion of
the Saddle Hills uranium deposit located in Mongolia.


One of the companies affected by the notices, Khan Resources Inc., issued a
further news release this morning containing the following full text of the
statement from the Chairman.


Statement by the chairman Of the Mineral Resources and Petroleum Authority of
Mongolia, Sept. 10, 2007.


"Welcoming the active and valuable inputs from different stakeholders in the
mining industry and some foreign countries' representatives in the past few
days, I would like to take this opportunity to officially address the recent
issue concerning some mineral exploration licences.


"Expressing my sincere thanks for your keen attention and interest in mining
sector's development of Mongolia let me give you the following explanations.


"It is obvious that the notice of Aug. 14, 2007, given by MRPAM Cadastral Centre
to 18 international and national companies about invalidation of their
exploration licences, has caused a serious concern among them as well as other
investors.


"The notice was given following the recommendations of the state audit board,
which discovered that the area covered by the 34 licences out of more than 6,000
currently effective licences, had been explored by state budget in the past and
according to law, passed by parliament on July 8, 2006, the exploration licences
had to be revoked, because they were covering mineral deposits ready for mining
development.


"In this connection, I would like to emphasize that if the concerned
licenceholders change them into exploitation or pre-exploitation or production
licences in accordance with the minerals law they are most welcome. Important is
to accept the legal framework that companies can not anymore continue possessing
exploration licences in areas where exploration has finalized long ago instead
they are obliged to move on to develop the deposits. They have absolutely no
risk to loose their rights, if they fulfill the legal requirements.


"To let you know, so far not a single licence out of the 34 has been invalidated
by me, because Mongolian government has no hidden agenda to take away these
licences. So let me assure you that the MRPAM is fully committed to strictly
following the minerals law, which protects interests of both foreign and
domestic investors. As a matter of fact every mining operation conducted
according to the law is running with no disruption. For example, one of the
largest mining projects with foreign investment Boroo Gold has been enjoying
excellent advantages thanks to the stability agreement and has extracted in its
operation years total 26 tons of gold (not including the 2007 production), while
paying no income taxes. I am very confident that Ivanhoe Mines' Oyu Tolgoi
investment agreement, which has been recently approved by the government, will
pass the parliament soon.


"I greatly encourage the international and national companies to continue their
oil and gas exploration projects and programs. Petroleum exploration has become
another great investment opportunity in Mongolian resources sector. Mining
policy of Mongolia as well as our international standard licensing system will
not be changed, because it is a cornerstone of our national development and
prosperity.


"So finally, there is no need to worry about the unlawful revision of these
licences. Let us co-operate and continue our business as usual."


Thank you,

Luvsanvandan Bold 

Chairman

Mineral Resources and Petroleum Authority of Mongolia "

Khan Resources Inc. is not involved in Maximum's lawsuit.

In its news release of August 23, 2007 Maximum encouraged investors to carefully
consider the possible effects of the notices received by Khan Resources Inc. and
Western Prospectors Group Ltd. and other companies and suggested that the
notices may not have the effect of immediately cancelling or revoking or
invalidating the licences.


Maximum considers Mongolia to be an excellent place to conduct business. Maximum
is very pleased with the strong and clear message to investors by the Chairman
of the MRPAM that Mongolia is open for business and its mining policy and
licencing systems will not be changed.


Law Suit for Ownership of Saddle Hills Uranium Deposit - Mongolia

The effect of the notices is important to Maximum and its investors. Maximum is
suing for ownership of the Saddle Hills uranium deposit located in Mongolia. The
lawsuit is in the Supreme Court of British Columbia. Maximum is seeking an order
and a declaration against Western Prospector, Ken de Graaf and others that
certain mineral properties in Mongolia - including licences comprising the
Saddle Hills uranium deposit- are held in trust for Maximum. The lawsuit
continues with trial set for February, 2008.


BY ORDER OF THE BOARD OF DIRECTORS OF MAXIMUM VENTURES INC.

Raymond Roland, Director

The statements made in this News Release may contain certain forward-looking
statements. Actual events or results may differ from the Company's expectations.
Certain risk factors may also affect the actual results achieved by the Company.


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