Maxim Resources Inc.
TSX VENTURE : MXM
OTC Bulletin Board : MXMSF
FRANKFURT : M5H

Maxim Resources Inc.

November 28, 2006 14:52 ET

Maxim Resources Inc.: Trinidad Discovery Well Put Into Production

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Nov. 28, 2006) - Maxim Resources Inc. (Maxim) (TSX VENTURE:MXM)(OTCBB:MXMSF)(FWB:M5H) is pleased to announce that the South Erin Trinidad project has been granted permission from the Ministry of Energy and Energy Industries, Republic of Trinidad and Tobago and Petrotrin, Petroleum Company of Trinidad and Tobago Limited to produce Erin 98 Well (ER98) not exceeding 500 BOPD. The production rate is based on the Environmental (EMA) requirement of maximum of 500 BBLS temporary storage capacity.

This top zone, the lower Forest A was brought into production on Saturday November 18, 2006. The well has been choked back to a production rate of +/- 200 BOPD. The crude is being transported 7 days a week to a designated storage tank at Petrotrin's point of sale facility at Point Fortin.

The Geologist for the South Erin project has identified 10 development wells to exploit the reserves in place. In addition, several exploratory prospects have been identified as future drilling targets.

On behalf of the Board

Arthur Brown, President and Director

Information provided herein contains forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, which are considered reasonable by Maxim at the time of preparation, may prove to be incorrect. Actual results achieved will vary from the information provided and the variations may be material. There is no representation by Maxim that actual results achieved will be the same in whole or in part as those indicated in the forward-looking statements.


The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

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