Maxim Spuds Cooke #5 in La Salle County, Texas

Maxim Resources Inc. ("Maxim") said that project operator Bayshore Exploration L.L.C. has advised that the Cooke #5 Well in the Cooke Ranch Field, La Salle County, Texas was been spudded on August 17, 2006.

The well will be drilled is to a depth of approximately 7,000 feet. This well is offset approximately 1,200 feet to the northwest of the Cooke No. 3 discovery well, which was placed into production in November 2005 The location appears favorable to encounter the Wilcox and Escondito formations. The well is estimated to require 2 weeks of drilling.

Maxim holds a 9.5 per-cent working interest in approximately 8800 acres.

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