Maxim Power announces purchase of 25 MW of firm financial Alberta Power for 2013

CALGARY, ALBERTA–(Marketwire – Nov. 20, 2012) – Maxim Power Corp. (MXG.TO) (“MAXIM” or the “Corporation”) announced today that it has entered into a 25 MW, one-year firm financial swap agreement with an undisclosed third party.

This swap agreement provides a hedge for MAXIM’s existing Alberta generation portfolio and will allow MAXIM to participate in the day-ahead and month-ahead Alberta power markets.

MAXIM views the current forward prices for the 2013 Alberta power market as an ideal entry point considering the province’s supply/demand fundamentals and anticipated volatility.