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Preliminary finding on Maxwell Resources' Raton Basin Parcel Shows Potential


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Copyright © Thomson Reuters 2012. All rights reserved.
2012-12-04 10:26:56 -

Maxwell's Geologists' Research Indicates  Potential  of High-Grade Coking Coal
              in their Dawson Parcel in New Mexico's Colfax County



FOR IMMEDIATE RELEASE

December 3, 2012 - RATON, NEW MEXICO - After considerable study and gathering of
technical data by its geologists, Maxwell Resources, Inc. (www.MaxwellRe.com)
has found that one of the parcels it controls (fee-simple ownership) good
potential of  coking coal within it.

The parcel is known on USGS surveys of the Raton Basin in northern New Mexico
as  Dawson-Koehler. (Maxwell refers to the parcel - one of its primary assets -
as Dawson East.) The parcel is located between the highly productive and
historic Dawson and Koehler mines.

Maxwell is exploring the Raton Basin based upon a 
1991 USGS survey authored by USGS geologist, the late Charles "Chuck" Pillmore, which found that the Raton Basin may contain an abundance of high-grade metallurgical (coking) coal, an energy source that's essential to the manufacture of iron ore and steel. A 2005 USGS survey of the same area also found that even more high-grade coal could be under the Basin than the 1991 survey estimate. Maxwell possesses fee-simple mineral rights to coking coal and gold within the Raton Basin. The Dawson East parcel lies in Colfax County.  "Our geologists are now presenting their desktop study of their findings to our engineering firm, Golder Associates," said Philip Dias, Maxwell's president and CEO. "Golder then will evaluate their findings and create an exploration plan that includes a core drilling program. We anticipate that we'll start drilling in spring 2013." The mines in Colfax County produced high-grade coking coal for more than 40 years, producing an estimated 72.6 million tons, according to the U.S Bureau of Mines Minerals Yearbooks, State Mine Inspectors reports, with the mines at Dawson producing about half of the total. Surveys also indicate the Basin may be a great source for gold, silver and other rare and valuable earth minerals. About Maxwell Resources Maxwell Resources, Inc. (Symbol: MAXE) owns mineral rights (fee simple) for more than 170,000 acres in the Raton Basin in northern New Mexico's Colfax County. The company will prove up gold, coal, hard minerals, with the goal of pinpointing the sites that will deliver the largest return on investment. Forward-Looking Statements Statements made in this news release that are not historical facts are forward- looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expect," "believe," "intend," "plan," "continue," "may," "will," "anticipate," and similar expressions are intended to identify forward-looking statements. Actual results may differ materially from those projected in any forward-looking statement. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated. Potential risks and uncertainties include among others, our inability to raise additional capital, planned exploration or maintain property rights; interpretations or reinterpretations of geologic information, unfavorable exploration results, inability to obtain permits required for planned production, exploration and other activities, general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity price. Additional information on these and other factors, including Risk Factors, which could affect the Company's results, is included in its Securities and Exchange Commission ("SEC") filings. Finally, there may be other factors not mentioned above or included in the Company's SEC filings that may cause actual results to differ materially from those projected in any forward-looking statement. You should not place undue reliance on any forward- looking statements. The Company assumes no obligation to update any forward- looking statements as a result of new information, future events or developments, except as required by securities laws. For more information on investing, visit www.MaxwellRe.com or e-mail Dias at 702-706-5576. E-mail is info@maxwellre.com. Maxwell Resources, Inc. Contact: Phillip Dias President/CEO 702-706-5576 www.MaxwellRe.com This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that: (i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein. Source: Maxwell Resources Inc. via Thomson Reuters ONE [HUG#1662310]


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