Milner Expansion ("M2")
The AUC has granted MAXIM approval to develop a 500 MW generating facility adjacent to the existing 150 MW generating facility ("M1"). A lengthy public consultation and regulatory process culminated in the project's final approval by the AUC on August 10, 2011. On September 12, 2012, the Government of Canada enacted new greenhouse gas legislation that limits the amount of carbon dioxide emitted by coal-fired generation facilities. MAXIM is examining ways to meet the new standards including a natural-gas fired facility. All aspects are presently being studied to determine the most attractive option for shareholders.
Buffalo Atlee ("B1")
MAXIM's B1 Power Project, situated near Brooks, Alberta, has the potential for development of over 200 MW of wind generation capacity. Wind data has been collected on the site for approximately five years. MAXIM holds an exploratory Crown land permit with a term of five years, expiring on January 1, 2016. The addition of wind generation to MAXIM's existing portfolio of assets will diversify MAXIM's generation fuel types and provide the potential to offset the impact of any new greenhouse gas legislation.
CONFERENCE CALL FOR Q1 2013 RESULTS
MAXIM will host a conference call for analysts and investors on Tuesday, May 14, 2013 at 10:00 am MT. The call will be hosted by John Bobenic, MAXIM's President and Chief Executive Officer, and by Mike Mayder, Vice President, Finance and Chief Financial Officer. To participate in this conference call, please dial (866) 225-0198 or (416) 340-8061 in the Toronto area. It is recommended that participants call at least ten minutes prior to start time.
A recording of the conference call will be available from May 15, 2013 to May 21, 2013. To access the replay, dial (800) 408-3053 or (905) 694-9451 followed by the passcode 3711756. In addition, the recording will be available commencing May 15, 2013 in the Investor Relations section of MAXIM's website at www.maximpowercorp.com.
Based in Calgary, Alberta, MAXIM is an independent power producer, which acquires or develops, owns and operates innovative and environmentally responsible power and power related projects. MAXIM currently owns and operates 41 power plants in western Canada, the United States and France, having 804 MW of electric generating capacity. MAXIM trades on the TSX under the symbol "MXG". For more information about MAXIM, visit our website at www.maximpowercorp.com.
Statements in this release which describe MAXIM's intentions, expectations or predictions, or which relate to matters that are not historical facts are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties which may cause the actual results, performances or achievements of MAXIM to be materially different from any future results, performances or achievements expressed in or implied by such forward-looking statements. MAXIM may update or revise any forward- looking statements, whether as a result of new information, future events or changing market and business conditions and will update such forward-looking statements as required pursuant to applicable securities laws.
Maxim Power Corp.
John R. Bobenic
President and CEO
Maxim Power Corp.
Michael R. Mayder
Vice President, Finance and CFO
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