Maxim Resources Inc.
OTC Bulletin Board : MXMSF

Maxim Resources Inc.

January 25, 2011 11:49 ET

Maxim Announces Appointment of Andrew R. Male as Director

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 25, 2011) - Maxim Resources Inc. ("Maxim") (TSX VENTURE:MXM)(OTCBB:MXMSF)(FRANKFURT:M5H) is pleased to announce the appointment of Andrew Male as a Director of the Company.

Mr. Male brings over 24 years of business management, corporate finance, mergers and acquisitions and company directorship experience to Maxim. As the Managing Director and Partner of Westridge Management International Ltd., a company focused on international corporate finance services, Mr. Male will be able to provide access and expertise to Maxim that will enhance its present Management and Board of Directors.

Mr. Male has also served as a Board Advisor and Consultant to oil and gas companies as well as Investment Funds in the U.K. and Middle East providing investment guidance, due diligence and corporate finance services.

Having been involved in the public markets since 1999, Andrew has been a partner and Director of companies that have included industrial manufacturing, mineral exploration as well as oil and gas exploration and production. Mr. Male also partnered in a company that developed a web based e-commerce application for sports activities. During this time he was responsible for establishing and managing the partnerships with National Governing Bodies of Sport in Canada and the United States.

Art Brown, President & CEO stated: "The Board of Directors is very pleased to have Mr. Male join Maxim. Over the past 18 months Mr. Male has been instrumental in the capital restructuring of Maxim as well as negotiating financing opportunities for the recently announced potential acquisition of Jasmin Oil & Gas Limited in Trinidad."

Andrew Male, stated: "I look forward to working with Maxim more closely now and with a view to increasing its finance and asset base over the coming years."

On behalf of the Board of Directors

Arthur Brown, President & CEO

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 The company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

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.

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