NFX GOLD INC.

PRESS RELEASE

Maximus Discovers Another High Grade Gold Zone at NFX's LarderLake Property

�Hole 13 intersects 13.1 g/t Au over 6.0 m in the Fernland AreaMineralization confirmed in the BearLake Area

Longueuil, Quebec and Toronto, Ontario: November 1, 2007. Maximus Ventures Ltd. ("Maximus") (TSX.V: MXV) and NFX Gold Inc. ("NFX") (TSX.V: NFX) are pleased to announce the discovery of a new high grade gold zone at the Larder Lake Gold Project.� Hole #13 cut 6.0 m of flow-type mineralization grading 13.1 g/t Au, including a 3.0 m section grading 19.9 g/t Au, at a depth of 160 metres below surface.� This intersection, located in the Fernland area, is open down-plunge for at least 600 metres and laterally for over 300 metres. It is on the same favourable geologic horizon as the recent Bear Lake discovery, 2.3km to the east, where intercepts of 10.4 g/t Au over 5.2 m and 13.3g/t Au over 6.0 m in hole #11were reported in a press release dated August 16, 2007. (Visit Maximus web site www.maximusventures.com for corporate presentation and figures).

Furthermore, assay results have been received from two of the follow-up holes drilled around the high grade gold zones intersected in hole #11 in the Bear Lake Area referenced above. Hole #15, drilled 50 metres down-plunge from hole #11, intersected 1.2 g/t Au over 5..5 m followed by 7.0 g/t Au over 4.1 m.� Hole #14, drilled 75 metres up-plunge from #11, also intersected both zones with the upper zone grading 0.5 g/t Au over 8.9 m and the lower zone averaging 0.5 g/t Au over 7.0 m.�� Results from holes #16, drilled 70 metres east of hole #11, are still pending and hole #17, drilled 50 metres west and below hole #11, is currently in progress.

Follow-up drilling to date on the BearLake gold zone has confirmed the continuity of the gold mineralization and the lower grades intersected in holes #14 and #15 demonstrate that both high grade and low grade shoots are present within the mineralized area. Additional drilling is required to define the strike, dip of these mineralized zones, and to further define potential higher-grade lenses.. Typically, this style of mineralization in the LarderLake area can be deeply seated and higher-grade gold mineralization within each of these gold shoots generally starts at a vertical depth of approximately 400 to 500m. The presence of albitized high iron mafic and/or ultramafic rocks is a common feature for the gold-rich lenses, which were also present in the high-grade gold zones at the nearby Kerr Addison Mine located some 6 km to the east.

While a limited number of additional holes could be drilled from the shores of BearLake, detailed definition drilling will be better achieved from the ice this winter and a second drill is expected to start working in January 2008.� While waiting for the assay results of the two follow-up holes (#16 and #17) at BearLake, the drill will relocate to the Fernland area to carry out follow-up drilling laterally and down-plunge of the newly discovered high-grade mineralization.�

Larder LakeAssay Results

Hole NFX07-11 previously reported

NFX07-17: Drilling in progress

NFX07-16: Assay results are pending

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Forward-looking Statements

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