Maxim Resources third development well is proceeding well. Drilling started over a week ago and according to my calculations we should hit TD this week.

The President has indicated that the supporting infrastructure is progressing on time and within budget. The increased tank farm capacity and the associated interconnecting pipeline are both anticipated to be completed in the near future. Maxim and its partners are very much looking forward to not having to truck transport the oil.

The new Maxim brochure has arrived from the printer and we are busy sending it out to large institutions, money managers, financial planners and others in a best effort to target new audiences.

If you have any questions or would like to learn more, I invite you to contact me at anytime.

Sincerely,

Colin Campbell

(604) 630-0280

1-888-882-8891

colinc@maximresources.com