Maxim Resources Closes Financing Deal

Maxim Resources Inc.

Maxim Resources Inc. has closed its non-brokered private placement to 4,921,500 units at $0.25 per unit. Each unit consists of one common share and one half of a share purchase warrant. Each whole warrant entitles the holder to purchase an additional common share at $0.35 per share on or before August 29, 2007.

Finders fees of $96,520 cash and 86,080 units will be paid on the private placement.

The securities issued pursuant to the private placement have a hold period expiring December 30, 2006.