Maxim Resources Inc. has announced that it has entered into a Cooperation Agreement (Agreement) effective October 19, 2015 with Quest Energy LLC (QE). The Agreement forms the foundation for a strategic relationship between QE and Maxim, (Parties), enabling the joint evaluation and potential acquisition of oil and gas projects that either company is considering. It is the intention of the Parties pursuant to the terms of the Agreement to consider production or near term production opportunities, which may include strategic opportunities that could be considered unconventional but can lead to an expanded asset or set of opportunities.

The Parties intention is that cash flow or near term cash flow will be a strong focus for the opportunities considered under the terms of the Agreement.