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 additional results from the follow-up
drilling program on the Bear Lake Gold Zone of the Larder Lake Property located
in northeastern Ontario.  Hole #24AW intersected 5.8 meters of flow-type
mineralization grading 3.0 g/t gold, including a section of 1.4 meters grading
10.2 g/t gold. Furthermore, hole #24A cut a 1.9 meter section of carbonate-type
mineralization assaying 9.1 g/t gold and hole #44W intersected 13.0 meters of
carbonate-type mineralization grading 2.6 g/t gold, including a 1.5 meter
section assaying 7.1 g/t gold and 3.2 meters assaying 5.1 g/t gold.


In addition, hole #35 cut 0.7 meter of pyritized sediments grading 7.2 g/t gold.
 This intersection represents a new zone south of the carbonate and flow-type
mineralization and will be subject to further investigation as the drilling
program progresses. "We are very happy that the drilling consistently hits the
carbonate-type mineralization at Bear Lake" stated Francois Viens, President and
CEO of Maximus. "We have adjusted the program to target the flow-type
mineralization that consistently demonstrated the best continuity and gold grade
at the historic Kerr-Addison Mine."


Highlights of recent results are tabulated below and complete results are
presented in attached Table 1


The Highlights of recent drilling results are available at the following
address:
http://media3.marketwire.com/docs/highlights_recent_drilling_results.pdf


At Bear Lake, most of the drill intercepts to date are in the carbonate-type
mineralization.  Three deeper holes targeting the flow-type mineralization below
700 meters vertical were abandoned before reaching their target (e.g. holes
#42A, #43 and #44) due to the presence of a strongly altered shear zone located
approximately half way between the carbonate-type and flow-type mineralized
zones. At the now-closed Kerr Addison mine located 5 kilometers east of Bear
Lake, the flow-ore, which produced 60% of the gold, yielded higher and more
consistent gold grades than the carbonate-ore which constituted only 40% of the
total production. Considering the significance of the flow-type mineralization
in the exploration model at Bear Lake, the drilling program has been adjusted so
that holes designed to test the Bear Lake gold zones below 700 meters vertical
are drilled from south to north, in order to intersect the flow-type
mineralization before intersecting the shear zone.


Project Update

Three drill rigs are currently active at Larder Lake. Of the budgeted
43,000-meter drilling program proposed for Larder Lake in 2008, a total of
19,500 meters of diamond drilling has been completed to date in 39 holes.  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 historic Kerr-Addison mine.  To
date, approximately 5% of all the samples submitted to the laboratory for
assaying are still outstanding.


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 31, 2008. On July 4, 2008, Maximus
notified NFX that it has met its $6 million expenditure commitment. Subject to
NFX's review of the notice and documentation submitted with it, Maximus will be
deemed to have earned a 60% and 45% undivided interest in the properties as
described above.


NFX-Maximus Merger

On June 13, 2008, Maximus and NFX announced that they have entered into an
agreement to combine the two companies on the basis of one (1) NFX share for
each one (1) Maximus share. Based on the share exchange ratio, the Maximus and
NFX shareholders will own approximately 58% and 42%, respectively, of the
combined common shares outstanding. Completion of the transaction is subject to
usual terms and conditions for such a transaction, including completion of due
diligence, completion and execution of definitive business combination
documentation, receipt of opinions from qualified investment dealers that the
transaction is fair to the shareholders of NFX and Maximus, receipt of all
required regulatory and securityholder approvals and no material adverse changes
occurring in the financial condition of either company.


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.


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 and NFX 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
management of Maximus and NFX based on information currently available to them.
Forward-looking statements are subject to a number of known and unknown risks
and uncertainties beyond Maximus and NFX's control including uncertainties
related to the completion of the proposed business combination, potential
mineralization, exploration results, completion of work program, and
availability of equipment necessary for the drilling program and future plans
and objectives of the companies.  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 companies 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. Maximus and NFX undertakes no obligation to update
publicly or otherwise revise any forward-looking statements, except as may be
required by law.


Table 1 (Larder Lake Assay Results - Bear Lake Area) is available at the
following address:
http://media3.marketwire.com/docs/table1_larder_lake_assay_results_bear_lake.pdf


Larder Lake Property Plan View, Bear Lake Area Longitudinal Section -
Carbonate-type Mineralization Map and Bear Lake Area Longitudinal Section -
Flow-type Mineralization Map are available at the following address:
http://media3.marketwire.com/docs/ImageMap_0709.pdf

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