October 23, 2008
Maxim Trinidad TD
Vancouver - Maxim Resources Inc. ("Maxim") is pleased to announce that it has been notified by the project operator that the first development well in the South Erin Field, Trinidad has been successfully drilled to a total depth of 3500 feet. Two potential pay zones have been encountered. The well has been logged and production casing is being run. The well will require two to three weeks of testing to determine flow rates.
Maxim holds a 69 per-cent working interest with a 41 per cent net interest after pay out in approximately 1350 acres.
The drill rig is being repositioned and is expected to commence drilling the second well of this initial four well program by the weekend.
On behalf of the Board
For further information, please contact the Company at (604) 630-0280 or toll free at 1-888-882-8891.
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