MXV Maximus Ventures Ltd Com Npv

Maximus Ventures Ltd. ("Maximus") (TSX VENTURE:MXV) is pleased to announce that
follow-up drilling has commenced on the newly discovered high-grade gold zones
at the Larder Lake Project located in Ontario, Canada, and provide an update on
its other exploration activities.


Larder Lake - Ontario, Canada

The first phase of follow-up drilling on the Larder Lake project consists of
four drill holes located respectively 150m up-dip, down-dip, east and west of
hole #11 intersections (10.4g/t Au over 5.2m, including 20.8g/t Au over 1.5m,
and 13.3g/t Au over 6.0m, including 18.6g/t Au over 4.2m). The objective of the
four drill holes is to evaluate the area around this newly discovered high grade
gold mineralization and test for potential extensions. The first hole should
reach its target depth at the end of this week and assay results are expected to
be available by month-end. All four drill holes should be completed by the end
of October. Based on the assay results, additional drilling may be carried out
to further investigate and potentially increase the size of the mineralized
zones.


Agreement

The Larder Lake Project consists of the Cheminis, Bear Lake, and Fernland
properties (all 100% NFX owned) and the Barber Larder property (75% NFX owned).
Under the Option and Joint Venture Agreement between Maximus and NFX signed
March 3, 2006, Maximus has the right to earn a 60% interest in NFX's interest at
Larder Lake by expending $6 million on exploration by December 31, 2008.


Unity Gold Project - Warren, Idaho, USA

Due to the numerous forest fires raging in the area of the Unity Gold project,
Maximus was unable to begin the exploration program on the high-grade gold Unity
Project in August as planned. The forest fire situation has now greatly improved
and contractors will visit the property in early September to evaluate the
rehabilitation work required in the Unity Mine adit prior to starting a planned
underground drilling program. The first phase of work at Unity is planned to
include rehabilitating the Unity adit in order to carry out 1,400 meters of
underground drilling to test the lateral and down-dip extensions of the very
high grade Little Giant and Rescue gold veins. The objective of the work program
planned for Unity is to complete, as soon as possible, a feasibility study to
evaluate the economic viability of reopening the Unity gold mine.


Agreement

Maximus, through its wholly-owned US-based subsidiary, Walker Lane Gold LLC
(Walker), can earn a 60% joint venture interest from Unity GoldSilver Mines Inc.
by spending US$1.0 million in exploration and development work on the property
and by completing a positive feasibility study on or before November 30, 2010.
Targeted expenditures are US$250,000 in 2007, US$350,000 in 2008 and US$400,000
in 2009.


Hope Bay Project - Nunavut, Canada

A total of 2,620m of drilling (11 holes) were completed at Hope Bay, exclusively
in the Chicago area. The drill program tested the continuity and extent of a
large gold-silver alteration system (hole#6: 0.2g/t Au over 108m and hole#10:
0.5g/t Au over 82m) in order to locate potential higher grade gold-silver
shoots. All holes intersected alternating sequences of felsic tuffs and flows
locally cut by gabbroic dykes. In general, holes are moderately sericitized
and/or chloritized with locally up to 5-10% pyrite. However, an increase in
alteration and mineralization is seen towards the north, indicating a possible
vector in that direction. To date, only 5% of the assay results have been
received and a total of 989 are still outstanding. They should all be received
by the end of September. The drilling at Chicago is now completed. Maximus will
wait until all the assay results are received and compiled to plan additional
drill holes at Hope Bay.


Agreement

Maximus' Hope Bay Project comprises two separate claim blocks (Chicago and Twin
Peaks) held under an option and joint venture agreement with Miramar. The
agreement allows Maximus to earn a 75% interest in the Chicago and Twin Peaks
claim groups. Terms of the agreement require cumulative expenditures and
advances of at least $3,250,000 by October 30, 2007, $5,250,000 by October 30,
2008, and $7,250,000 by October 30, 2009 to complete the earn-in. Miramar has
the option to buy back 25 percent after vesting by Maximus. At the end of July
2007, Maximus has spent over $4,000,000 on the project.


Liquidities

As previously disclosed, the Company currently has an amount of $4.8 million of
its $5.4 million in cash and equivalent invested in Canadian asset-backed
commercial paper ("ABCP"). The remaining $0.6 million is held in available cash.
The Company continues to monitor the ABCP situation and will provide updates as
to the impact on the Company of any new development in this regard.


In order to ensure that no disruption occurs on any of its exploration program
in the short-term, the Company has entered into a temporary line of credit in
the initial amount of $1.0 million. Such financing is secured by the Company's
ABCP investment. Given the current rate of expenditure, the Company believes
that it has sufficient cash available to meet its current financial obligations.
The Company is also actively evaluating various other financing options and, if
successful, does not intend to utilize the line of credit. However, there can be
no assurance that the Company will be successful in securing such other
financing option, in the event that they become necessary.


Forward-looking Statements

This release contains certain "forward-looking statements". All statements,
other than statements of historical fact, that address activities, events or
developments that the Company believes, expects or anticipates will or may occur
in the future, are forward-looking statements. Forward-looking statements are
often, but not always, identified by the use of words such as "seek",
"anticipate", "believe", "plan", "estimate", "expect", and "intend" and
statements that an event or result "may", "will", "can", "should", "could" or
"might" occur or be achieved and other similar expressions. These
forward-looking statements reflect the current internal projections,
expectations or beliefs of the Company based on information currently available
to the Company. Forward-looking statements are subject to a number of risks and
uncertainties, including those detailed from time to time in filings made by the
Company with securities regulatory authorities, that may cause the actual
results of the Company to differ materially from those discussed in the
forward-looking statements, and even if such actual results are realized or
substantially realized, there can be no assurance that they will have the
expected consequences to, or effects on, the Company.

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