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

LONGUEUIL, QUEBEC AND TORONTO, ONTARIO, Mar 31 (MARKET
WIRE) --
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.

TSX Venture Exchange does not accept responsibility for the
adequacy or accuracy of this release.

Contacts:
Maximus Ventures Ltd.
Francois Viens
President and CEO
(450) 677-1009
(450) 677-2601 (FAX)

Maximus Ventures Ltd.
Gerri Paxton
Investor Relations
(450) 677-2054
Email: gpaxton@maximusventures.com

Maximus Ventures Ltd.
Louise Quinn
Investor Relations
(450) 677-3523
Email: lquinn@maximusventures.com
Website: www.maximusventures.com

NFX Gold Inc.
Thomas G. Larsen
President and CEO
(416) 360-8006 or Toll Free: 1-800-360-8006
(416) 361-1333 (FAX)
Website: www.nfxgold.com

Copyright 2008, Market Wire, All rights reserved.

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