CAREERS CONTACT US CORPORATE INVESTORS NEWS ASSETS POWER PROJECTS MAXIM completed construction on the 204 MW Milner 2 (“M2”) Simple Cycle Gas Turbine (“SCGT”) in Q2 2020 and is currently converting M2 to Combined Cycle Gas Turbine (“CCGT”) by installing a heat recovery unit. When complete, the Milner site will generate ~300 MW of efficient natural gas-fired generation. In total, MAXIM has over 800 MW of natural gas and wind development projects at various stages. HR MILNER Grande Cache, Alberta BUFFALO ATLEE WIND Jenner, Alberta M2 Additional Permitted Projects at Milner Crown Lands SCGT CCGT(1) COD Q2 2020 2022 TBA(2) TBA(2) Capacity (MW) 204 ~300 346 200 Fuel Type Gas Gas Gas Wind Development Operational Construction Advanced (major permits obtained) Resource assessment (1) Conversion to CCGT will utilize the existing Milner 1 steam turbine to improve efficiency and add ~96 MW of generating capacity to the M2 project. (2) Timing to be announced upon advancement of commercial terms. HR Milner Power Projects Summit Coal Contingent Loss Factor Claim (403) 263-3021 (403) 263-9125 - fax Send email 1800, 715 - 5th Avenue S.W. Calgary, Alberta, CANADA T2P 2X6 Corporate Investors News Assets ABOUT US Based in Calgary, Alberta, Maxim Power Corp. ("MAXIM") is one of Canada's largest truly independent power producers. MAXIM is now focused entirely on power projects in Alberta. Its core asset - the 204 MW H.R. Milner Plant ("M2") in Grande Cache, AB is a state-of-the-art natural gas-fired power plant that commissioned in Q2, 2020. MAXIM is currently increasing the capacity of M2 to approximately 300 MW and concurrently will realize an improvement in the efficiency of the plant by investing in heat recovery combined cycle technology. In addition, MAXIM continues to explore additional development options in Alberta including its currently permitted gas-fired generation projects and the permitting of its wind power generation project. MAXIM trades on the TSX under the symbol MXG. SEARCH ©2021 Maxim Power Corp. All rights reserved.