Maxim Resources Inc.

Maxim Resources Inc.

April 23, 2015 13:52 ET

Maxim Announces Research Coverage by SP Angel Corporate Finance

TORONTO, ONTARIO--(Marketwired - April 23, 2015) - Maxim Resources Inc., ("Maxim" or the "Company") (TSX VENTURE:MXM)(FRANKFURT:M5HA)(OTCBB:MXMSF), is pleased to announce SP Angel Corporate Finance LLP ("SP Angel"), the Company's Nominated Adviser ("Nomad") and UK broker in connection with its proposed secondary listing on the Alternative Investment Market in London ("AIM"), has published a fact sheet on the Company's oil and gas interests in the Hassi Berkane Block in Morocco and its proposed interest in the Emirate of Umm Al-Quwain in the United Arab Emirates, (subject to completing the transaction with Quest Investment LLC as disclosed in the Company's press release dated March 23, 2015).

A copy of the report can be obtained by accessing SP Angel's website through the following link.

Zac Phillips, Senior Research Analyst at SP Angel authored the fact sheet. Zac is an oil and gas industry specialist with a PhD in chemical engineering and an extensive background in both investment banking and in the oil and gas industry. Zac has worked as head of oil and gas research at a number of specialist resource sector investment banks and has developed extensive international oil and gas research coverage at RFC Ambrian Limited, Religare Capital Markets, FDC and as a director at Merrill Lynch. As a consultant, Zac has advised or worked with a large number of oil and gas companies, government entities, banks and financial investors covering a variety of international oil and gas jurisdictions.

All reports on Maxim prepared by analysts represent the views of such analysts and are not necessarily those of Maxim. Maxim is not responsible for the content, accuracy or timelines provided by analysts.

About SP Angel Corporate Finance LLP

S.P. Angel is an investment bank formed in 2006, is a member of the London Stock Exchange, an AIM nominated advisor and a leading resources sector advisor and broker. SP Angel prides itself in combining the flexibility, creativity and focus of a smaller institution with the expertise of a global investment bank and is committed to servicing its clients. S.P. Angel is authorized and regulated by the Financial Conduct Authority in the UK. For further information see:

About Maxim

Maxim is an oil and gas exploration company based in Vancouver, Canada. The Company is focused on identifying assets that meet the following criteria, producing, near term enhancement and exploration opportunities. Investments may be by way of acquisition, participation and/or fractional interest. Its most recent investment is a Reconnaissance Contract for the Hassi Berkane Block, in the Kingdom of Morocco ("Morocco") in partnership with the National Office of Hydrocarbons and Mines ("ONHYM"). Maxim on March 23rd 2015 signed a Heads of Agreement ("HOA") with Dubai based Quest Investments LLC ("QI") and its wholly owned subsidiary Quest Oil & Gas Ventures Inc. ("Quest") to acquire between 17.5% and up to 25% indirect equity ownership interest in an oil and gas exploration and production concession (the "Concession") covering an onshore area of 747km2 within the Emirate of Umm Al-Quwain, in the United Arab Emirates (the "UAE").

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Issued on behalf of the Board of Directors of Maxim Resources Inc.

Arthur Brown, Chairman of the Board of Directors

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 forward-looking information which is not comprised of historical facts. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes statements regarding, among other things, the proposed listing by the Company on the AIM exchange and the completion of the acquisition of shares in Quest Investment LLC. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, regulatory approval processes. Although Maxim believes that the assumptions used in preparing the forward-looking information in this news release are reasonable, including that all necessary regulatory approvals will be obtained in a timely manner, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Maxim disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable securities laws.

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