Maximus/NFX cut the Highest Gold Grade Intersected to Date in the Bear Lake Area at Larder Lake

Maximus Ventures Ltd. ("Maximus") (TSX VENTURE:MXV) and NFX Gold Inc. ("NFX")
(TSX VENTURE:NFX) are pleased to announce today the results from the first four
holes from its 2008 follow-up drilling program targeting the Bear Lake area of
the Larder Lake Property in Ontario. Hole NFX08-35 intersected 4.8 metres of
flow-type mineralization grading 18.3g/t gold, including a section of 0.5 meter,
which yielded 163.5g/t gold. Hole NFX08-35 was drilled 450m up-dip and 50m east
from hole NFX07-11, which intersected 10.2 meters grading 8.0 g/t Au (as
reported on August 16, 2007). The intercept in hole NFX08-35 contains the
highest single gold value encountered to date in the Bear Lake area.


The intercept in hole NFX08-35 was cut at 120m below surface, clearly showing
that high-grade gold mineralization at Bear Lake occurs close to surface and
extends at least 550m down-plunge and is open laterally for over 500m. This new
intersection opens up a large area where significant tonnage and high gold
grades could be present. Additional assay results from other intersections of
hole NFX08-35 are pending.


Assay results from holes NFX08-26, 27 and 28 were also received and, although
all holes did cut flow-type mineralization, they did not yield significant gold
values. Based on geological interpretation of the ore zones at the now-closed
Kerr-Addison Mine located 5km east of Bear Lake, both high-grade and low-grade
shoots are to be expected within carbonate-type and flow-type mineralization at
Bear Lake.


After a slow start-up in early February, due to the poor condition of the ice, a
total of 11 holes (holes NFX08-24 to 35, totalling 4,480 metres) have been
completed at Bear Lake during 2008 (see figure). The results from hole NFX08-35
are very encouraging and there are currently 3 drills working on the ice at Bear
Lake. Drilling will continue to systematically test the Bear Lake Gold Zone
along strike and down-plunge to a vertical depth of 1,000m, using a 125m to 150m
hole spacing. This spacing will be adjusted as new assay results are received.




Highlights of Larder Lake Assay Results - Bear Lake Area

                                     Core
                     From      To  Length     Au
Hole no.               (m)     (m)     (m)  (g/t)       Mineralization Type
---------------------------------------------------------------------------
---------------------------------------------------------------------------
 NFX08-35 (partial) 137.8   142.6     4.8   18.3      "Flow"-type; 2-10% Py
---------------------------------------------------------------------------
   Including        137.8   138.3     0.5  163.5
---------------------------------------------------------------------------

---------------------------------------------------------------------------
 NFX07-11(a)        587.5   592.7     5.2   10.4          "Carbonate"-type;
---------------------------------------------------------------------------
   Including        588.0   589.5     1.5   20.8
---------------------------------------------------------------------------
                    664.6   674.8    10.2    8.0  "Flow"-type; up to 30% Py
---------------------------------------------------------------------------
   Including        667.0   673.0     6.0   13.3
---------------------------------------------------------------------------
          Or        668.8   673.0     4.2   18.6
---------------------------------------------------------------------------

---------------------------------------------------------------------------
 NFX07-14(a)        470.9   479.8     8.9    0.5  "Carbonate"-type; 1-5% Py
---------------------------------------------------------------------------
                    647.5   652.7     7.0    0.5  "Flow"-type; up to 20% Py
---------------------------------------------------------------------------

---------------------------------------------------------------------------
 NFX07-15(a)        593.0   598.5     5.5    1.2 "Carbonate"-type; tr-1% Py
---------------------------------------------------------------------------
                    701.0   711.7    10.7    3.9  "Flow"-type; up to 25% Py
---------------------------------------------------------------------------
   Including        705.6   709.7     4.1    7.0
---------------------------------------------------------------------------

---------------------------------------------------------------------------
 NFX07-16(a)        658.0   664.0     6.0    1.8       "Flow"-type; 3-5% Py
---------------------------------------------------------------------------
   Including        662.2   662.7     0.5    4.2
---------------------------------------------------------------------------

---------------------------------------------------------------------------
 NFX07-17A(a)       600.5   601.0     0.5   12.2       Graphitic Fault Zone
---------------------------------------------------------------------------
                    686.5   691.3     4.8    6.0  "Carbonate"-type; 2-3% Py
---------------------------------------------------------------------------
   Including        690.0   691.3     1.3    9.7
---------------------------------------------------------------------------
                    736.9   745.0     8.1    4.9       "Flow"-type; 2-5% Py
---------------------------------------------------------------------------
   Including        738.0   741.0     3.0   11.4
---------------------------------------------------------------------------
Holes # 26, 27 and 28: No significant gold value

(a)Holes NFX07-11, 14, 15, 16 and 17A previously released



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. To date, Maximus have spent
approximately $4,800,000.


As part of its QA/QC program, Maximus carries 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 turnaround time for the reception of assay results from the lab is
around 1.5 week (rush) to 3 weeks.


The technical content of the information, related to Larder Lake, was reviewed
by Mr. Bernard Boily, P. Geo., responsible for supervising the drilling program
and qualified person for Maximus under the guidelines of National Instrument
43-101. The analytical method for gold is one (1) assay-ton fire assay, AA
determination with gravimetric finish on all samples reporting over 2 grams per
tonne (g/t) gold. All assays reporting over 10g/t Au are automatically
re-checked using the rejects. Assaying is done at Laboratoire Expert Inc. in
Rouyn-Noranda, Quebec. The quality control process includes inserting blank
samples and certified standards within each batch sent to the laboratory.


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.


To view a map of the Larder Lake Property, please visit the following link:
http://media3.marketwire.com/docs/NFX0331.pdf.
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