TSX.V: MXM | FRANKFURT: M5HA | OTCBB: MXMSF

Maxim Resources - Share Consolidation

Vancouver, B.C. - Maxim Resources Inc. (“Maxim” or the “Company”) is pleased to announce that, effective Thursday, July 29, 2010, it will complete the consolidation of its common shares on the basis of one (1) new post consolidation share for every four (4) current pre consolidation
common shares, previously announced on June 25, 2010. A new CUSIP number of 577757 206 replaces the old CUSIP number of 577757 107, to distinguish between the pre- and postconsolidated shares. The Company’s name and trade symbol will remain unchanged.

Commencing at opening of trading on Thursday, July 29, 2010, the common shares of the Company will trade on a post consolidation basis on the TSX Venture Exchange. Following the consolidation there are expected to be 17,621,992 post consolidation shares outstanding.

On behalf of the Board
“Arthur Brown”
Arthur Brown
President and CEO

For further information, please contact Arthur Brown, President and CEO of the Company at (604) 630-0280 or toll free at 1-888-882-8891. E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
http://www.maximresources.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain forward-looking information. All statements included herein, other than statements of historical fact, is forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. A description of assumptions used to develop such forward-looking information and a description of risk factors that may cause actual results to differ materially from forward-looking information can be found in the company's disclosure documents on the SEDAR website at www.sedar.com. The company does not
undertake to update any forward-looking information except in accordance with applicable securities laws.