Maxim Resources Inc.
OTC Bulletin Board : MXMSF

Maxim Resources Inc.

August 08, 2006 16:32 ET

Maxim TD in Trinidad Tobago

VANCOUVER, BRITISH COLUMBIA--(CCNMatthews - Aug. 8, 2006) - Maxim Resources Inc. ("Maxim") (TSX VENTURE:MXM)(OTCBB:MXMSF)(FWB:M5H) is pleased to announce that it has been notified by the project operator, Jasmin Oil, that the F25CH-7 well in the South Erin Field has been successfully drilled to a depth of 6,000 feet. Several potential pay zones have been encountered. The well has been logged and production casing has been run. The well will require two to three weeks of testing to determine flow rates. Maxim will earn a 69% interest before payout of CDN $450,000 and a 41% interest after payout in approximately 1350 acres.

On behalf of the Board

Arthur Brown, CEO

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

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