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New Mineralized Zone Confirmed & Extended At Larder Lake
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High grade shoots within a 71m mineralized zone intersected

Toronto, Ontario and Longueuil, Quebec: July 20, 2007. Maximus Ventures
Ltd. ("Maximus")(TSX Venture Exchange: MXV) and NFX Gold Inc.
("NFX")(TSX Venture Exchange: NFX) are pleased to announce assay
results from four additional diamond drill holes at the Larder Lake
Gold Project located in Ontario, Canada. The Larder Lake Project
consists of the Cheminis, Bear Lake, and Fernland properties (all 100%
NFX owned) and the Barber Larder property (75% NFX owned). Under the
Option and Joint Venture Agreement between Maximus and NFX signed March
3, 2006, Maximus has the right to earn a 60% interest in NFX's interest
at Larder Lake by expending $6 million on exploration by December 31,
2008.

Holes NFX07-05 to -08 were all drilled in the Bear Lake area, located
5km west of the Kerr- Addison mine, to test strongly altered iron-rich
basalt and ultramafic rock units adjacent to the Bear Lake Fault. These
types of rocks are the host to significant gold deposits at the nearby
Kerr- Addison Mine and other historic and current gold producers in the
region.

Holes NFX07-05 and -07 both intersected the favourable altered basaltic
and ultramafic rocks but only hole NFX07-07 cut gold mineralization
within these units (0.4g/t Au over 11.7m, including 0.5m averaging
2.5g/t Au and 0.4m grading 4.2g/t Au). Hole NFX07-06 intersected the
Bear Lake Fault before reaching the favourable rock units. Although
uneconomic, the results obtained in these three holes clearly show an
increase in gold content towards the Bear Lake Fault area. This trend
was confirmed by hole NFX07-08, which intersected a wide zone of highly
anomalous gold values (average of 0.3g/t Au over 71m), including values
up to 6.8g/t Au over widths of up to 1.5m (see table). Furthermore,
results from hole NFX07-08 confirmed the down-dip extension of the gold
mineralization (values up to 15g/t Au) observed at surface, in the Bear
Lake Pit and in hole NFX06-08 (57.8m averaging 0.5g/t Au).

"The presence of very thick zones of gold mineralization, coupled with
narrow high grade intersections , is very encouraging" says Francois
Viens, Maximus President and CEO. "These occurrences confirm the
presence of a substantial gold mineralizing system. Additional work is
warranted to continue the search for significant accumulations of
potentially economic mineralization"

An important aspect of the geology of the Bear Lake Area is that
alteration and low-grade gold mineralization are found in virtually all
rock types while elsewhere on the property, they are concentrated in
ultramafics and iron-rich basalts. It has now been demonstrated that,
in addition to the well altered and mineralized mafic volcanic s (such
as the intercept in hole NFX07-08 that yielded 0.3g/t Au over 71.0m,
including 0.5m @ 6.8g/t Au, 1.4m @ 4.3g/t Au and 1.5m @ 4.3g/t Au), a
new gold bearing unit consisting of an altered (albitized) and
pyritized intermediate intrusive rock also occur near the bottom of
hole NFX07-08 (grade of 0.4g/t Au over 37.5m, incl. 0.8m @ 4.2g/t Au).
The latter unit has never been intersected in any of the previous
drilling programs and is potentially a very attractive host rock for
gold mineralization. This unit definitely deserves additional drill
testing.

Whole rock lithogeochemical results from samples taken in the first
four holes of the 2007 program (see April 27, 2007 press release)
confirm that the gold-bearing units in this area have similar
geochemical signatures to that of the host rocks at the Kerr-Addison
mine. These results, coupled with the highly anomalous gold assays
obtained in holes NFX07-01 through 04, suggest a vector of increased
gold mineralization and alteration pointing down-plunge and to the
east. Additional diamond drilling is being planned in this area to test
this interpretation.


ASSAY RESULTS - LARDER LAKE PROJECT
Hole no. From To Length Au (g/t) Mineralization Type
(m) (m) (m)
NFX07-1 105.0 130.2 25.2 0.3 "Flow"-type
Including 111.8 118.8 7.0 0.6 "Flow "-type
NFX07-1 141.9 155.2 13.3 0.2 "Carbonate"-type
NFX07-2 555.1 598.8 43.7 0.1 "Flow"-type
602.8 611.8 9.0 0.1 "Carbonate"-type
NFX07-3 226.5 275.2 48.7 0.1 "Flow"-type
Including 269.6 275.2 5.6 0.5 "Flow"-type
NFX07-4 27.7 28.1 0.4 2.2 Qz veins + 15-20% Py
108.9 123.8 14.9 0.2 "Carbonate"-type ?
Including 108.9 111.5 2.6 0.5 "Carbonate"-type ?
Including 120.9 123.8 2.9 0.4 "Carbonate"-type ?
NFX07-07 96.8 108.5 11.7 0.4 "Flow"-type
Including 98.2 98.7 0.5 2.5 "Flow"-type
Including 106.5 106.9 0.4 4.2 "Flow"-type
NFX07-08 92.9 96.4 3.5 0.3 "Flow"-type ?
197.5 268.5 71.0 0.3 Qz-carb veining +
1-5% Py
Including 197.5 198.0 0.5 6.8 Qz-carb veining +
5-10% Py
Including 208.4 233.3 24.9 0.2 Qz-carb veining +
1-5% Py (loc. 15%)
Including 254.4 255.8 1.4 4.3 Qz-carb veining +
1-5% Py (loc. 15%)
Including 267.0 268.5 1.5 4.3 Qz-carb veining +
1-5% Py (loc. 15%)
694.5 732.0 37.5 0.4 Interm. dyke, stockwork
qz-albitite (10-15% Py)
Including 708.7 709.5 0.8 4.2 Strong albitization +
20% Py
NFX07-05 and NFX06-06: No significant assay
NFX07-09: Assay results are pending

The technical content of the information related to Larder Lake was
reviewed by Mr. Bernard Boily, P. Geo., responsible for supervising the
drilling campaign 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. 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.

For further information please contact:

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

Fran�ois Viens
President
Maximus Ventures Ltd.
Telephone: (450) 677-1009
Facsimile: (450) 677-2601
www.maximusventures.com

The TSX Venture Exchange has neither approved nor disapproved of the
contents of this news release.

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. Forwardlooking 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.

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http://www.maximusventures.com/i/maps/NR_20-07-07map.gif

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Copyright (c) 2007 MAXIMUS VENTURES LTD. (MXV) All rights reserved.
For more information visit our website at
http://www.maximusventures.com/ or send mailto:info@maximusventures.com
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