TORONTO, ONTARIO - (June 23, 2014) - Maxim Resources Inc., (Maxim), (TSX.V: MXM Frankfurt: M5H OTCBB: MXMSF), is pleased to announce the Corporation has signed a Reconnaissance Contract for the Hassi Berkane Block (formerly Beni Znassen Block) in the Kingdom of Morocco (“Morocco”).
Maxim signed the Reconnaissance Contract with Mrs. Amina Benkhadra, the Managing Director of the National Office of Hydrocarbons and Mines (“ONHYM”). ONHYM and Maxim has jointly applied to the Ministry of Energy, Mines, Water and Environment of Morocco (MEMWE) for the Reconnaissance Concession, which is expected to be issued in the coming weeks.
The Hassi Berkane Block is located onshore in the northeast part of Morocco and encompasses 5,116 km2 with extensive 2-D seismic data. Key attributes of the Hassi Berkane Block are:
Maxim will start Stage 1 reconnaissance of the Hassi Berkane Block in the next 30 days which will consists of;
Art Brown, CEO and President of Maxim stated; “Maxim has been seeking new opportunities that will have both exploration and near term production possibilities. This Hassi Berkane Block has a substantial footprint and the early stage research appears promising. Morocco has become a new frontier for oil and gas exploration and production and we are very excited about the opportunity to participate in this country’s development.”
Maxim is an oil and gas production and exploration company. The Company is focused on identifying assets that are producing or near term production with possible upgrading and exploration step out opportunities. The Company is actively seeking projects that meet this criteria. Investments may be by way of acquisition, participation and/or fractional interest.
Issued on behalf of the Board of Directors of Maxim Resources Inc.
Arthur Brown, President & CEO
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