MXV Maximus Ventures Ltd Com Npv

Maximus Ventures Ltd. ("Maximus") (TSX VENTURE:MXV) and NFX Gold Inc. ("NFX")
(TSX VENTURE:NFX) are pleased to announce the results from several additional
follow-up drill holes located in the Bear Lake area of the Larder Lake Property
in Ontario.  Hole #44 intersected 15.1 meters of carbonate-type mineralization
grading 13.6 g/t gold, including a section of 4.4 meters grading 41.9 g/t gold.
The intersection in hole #44 is located 300 m down-dip of the high-grade gold
zone intersected in previously announced hole #11 which intersected 5.2 meters
grading 10.4 g/t gold which is also in carbonate-type mineralization, as
reported on August 16, 2007. Hole #44 is still in progress and has not yet
reached the flow-type mineralization horizon target. Furthermore, hole #38 cut a
2.9 meter section of flow-type mineralization assaying 6.5 g/t gold, including
1.9 meters which yielded 8.9 g/t gold, and could represent a different
mineralized shoot within the Bear Lake gold zone.


Other new intercepts along the Bear Lake gold zone also include hole #29 which
intersected a 53.5 meter section of carbonate-type mineralization grading 0.3
g/t gold.  The 2008 drilling program aims to test both carbonate and flow-type
mineralization along the Bear Lake gold zone, laterally, up-plunge and
down-plunge (down to 1,000 m vertical) of the intercept in hole #11.


A summary of the assay results received to date is presented in Table 1. Two
holes (#33 and #37) were abandoned before reaching the mineralized zones due to
technical problems and holes #40 and #41 had to be stopped prematurely before
intersecting their respective targets due to the deteriorating ice conditions on
Bear Lake this past April.  These four holes will be re-drilled from new
locations later this year.


All holes, except for holes #32 and #36, intersected both carbonate-type and
flow-type mineralization.  Typically, the results obtained to date at Bear Lake
confirm the presence of high-grade and low-grade mineralized shoots occurring
within carbonate-type and flow-type mineralization.  They also indicate that the
strongest alteration (albitization, silicification) and best mineralization
occur below 400 meters vertical and improve with depth.  These distinctive
features were characteristic of the now-closed Kerr-Addison Mine located 5 km
east of Bear Lake.  The location of the future drill holes at Bear Lake will be
adjusted to reflect this interpretation.


Project Update

Drilling from the ice surface at Bear Lake was terminated in mid-April and
currently all drilling is being carried out from land. Three drill rigs are
currently active. Of the budgeted 43,000 meter drilling program, a total of
15,700 meters has been completed to date at Larder Lake, of which 26 holes
totalling 13,600 meters investigated the Bear Lake gold zone exclusively.  Six
holes were abandoned due to technical difficulties and will be re-drilled later.
To date, the results from 16 holes drilled at Bear Lake have been released.   
The drilling program will continue to systematically test the Bear Lake gold
zone along strike and down-plunge to a vertical depth of 1,000 meters, using a
125 meter to 150 meter hole spacing.


The 2008 drilling program will also test other promising gold targets on the
Larder Lake Property.  These targets are all located within the same rock units
that host most of the gold occurrences along the Cadillac-Larder Lake Break,
including the former Kerr-Addison mine.  To date, approximately 20% of all the
samples submitted to the laboratory for assaying are still outstanding.  In
order to improve the turn-around time for assays results, Maximus is now also
sending samples to Polymet Labs located in Cobalt, Ontario.


Larder Lake Property

Maximus is conducting the drilling program pursuant to the Option and Joint
Venture Agreement between Maximus and NFX, whereby Maximus has the right to earn
a 60% interest in NFX's 100% interest in the Cheminis, Fernland and Bear Lake
claims and 45% interest in NFX's 100% owned Barber Larder claims, by expending
$6 million on exploration by December 31st, 2008. To date, Maximus has spent
approximately $5,800,000.


Quality Assurance and Control

As part of its QA/QC program, Maximus carried out check assays on the high-grade
intersections with no discrepancies found in the assay results. The assays
reported are the uncut average grades of all determinations from the same
samples.  The analytical method for gold is one (1) assay-ton fire assay, with
gravimetric finish on all samples.  All assays reporting over 2 g/t Au are
automatically re-checked using the rejects.  Assaying was done at Laboratoire
Expert in Rouyn-Noranda, Quebec and at Polymet Labs in Cobalt, Ontario. The
quality control process includes inserting blank samples and certified standards
within each batch sent to the laboratory.


Qualified Person

The technical content of the information contained in this news release was
reviewed and approved by Mr. Bernard Boily, P. Geo., Maximus' Vice President of
Exploration. Mr. Boily is responsible for supervising the drilling program and
is a qualified person under National Instrument 43-101.


TABLE 1 - Highlights of Larder Lake Assay Results - Bear Lake Area is available
at the following address: http://media3.marketwire.com/docs/maximus0604.pdf


Forward-looking Statements

This news release contains certain "forward-looking statements". All statements,
other than statements of historical fact, that address activities, events or
developments that Maximus believes, expects or anticipates will or may occur in
the future, are forward-looking statements. These forward-looking statements
reflect the current internal projections, expectations or beliefs of Maximus'
management based on information currently available to Maximus. Forward-looking
statements are subject to a number of known and unknown risks and uncertainties
beyond Maximus' control including uncertainties related to potential
mineralization, exploration results, completion of work program, and
availability of equipment necessary for the drilling program and future plans
and objectives of Maximus.  Resource exploration, development and operations are
highly speculative, characterized by a number of significant risks, which even a
combination of careful evaluation, experience and knowledge may not eliminate,
including, among other things, unprofitable efforts resulting not only from the
failure to discover mineral resources but from finding mineral deposits which,
though present, are insufficient in quantity and quality to return a profit from
production. There can be no assurance that such statements will prove to be
accurate and actual results could differ materially from those suggested by
these forward-looking statements for various reasons discussed from time to time
in filings made by the Company with securities regulatory authorities. All
forward-looking statements herein are qualified by this cautionary statement.
Accordingly, readers should not place undue reliance on forward-looking
statements. The Company undertakes no obligation to update publicly or otherwise
revise any forward-looking statements, except as may be required by law.


Maps of Larder Lake Property Plan View and Bear Lake Area Longitudinal Section
are available at the following address:
http://media3.marketwire.com/docs/larder_lake.pdf

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