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Maximum Energy Trust announces hedging transactions.

CALGARY, ALBERTA--(BUSINESS WIRE)--Oct. 24, 1996--Maximum Energy Trust (TSE: MXT.UN.) Maximum Energy Corp. is pleased to announce that it has entered into commodity and interest rate hedging arrangements pursuant to its risk management policy.

In order to take advantage of strong crude oil prices, the Company has sold forward 1997 volumes as follows:

- 1,000 barrels per day for calendar 1997 at a price of US$21.00 per barrel.

- An additional 500 barrels per day for the quarter ended March 31, 1997 at a price of US$22.50 per barrel.

Effective Nov. 1, 1996, a one year natural gas swap has been transacted to cover sales of three million cubic feet per day at a price of $1.58 per thousand cubic feet.

The Company has also entered into an interest swap arrangement with its banker fixing the interest rate on $16,000,000 principal balance of its loan at a rate of 6.95 percent, including the bank's current acceptance fee, for a three year term ending Sept. 4, 1999.

"We believe these transactions take advantage of positive movements in crude oil prices and interest rates which will allow us to exceed initial corporate projections." stated Maximum Energy Corp. President and C.E.O. Glenn C. Proudfoot. "While we are comfortable with our hedged position on commodities through the first quarter of 1997, the Company will continue to monitor market conditions, particularly in the area of foreign exchange rates, to maximize unit distributions".

Maximum Energy Trust trades on the TSE under the symbol MXT.UN

CONTACT: Maximum Energy Trust

Glenn C. Proudfoot, 403/264-5709
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Publication:Business Wire
Date:Oct 24, 1996
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