TMGC Awarded Standing Offers by Government of Canada

The Maricor Group, a subsidiary of Maine & Maritimes Corporation traded on the AMEX under ticker symbol "MAM," (AMEX: MAM) announced today that its Canadian subsidiary has been awarded two-year standing offer agreements by Public Works and Government Services Canada for building projects in both Nova Scotia and New Brunswick.

Under these contracts TMG shall provide a range of investigation and recommendation reports, as well as design and construction services for building projects within the two provinces. TMG was selected after a competitive comprehensive evaluation that weighted the firm's experience, personnel and business processes.

"We are pleased to have been selected and for the recognition of our firm's leading expertise," stated TMG's President, Michael Gillis. "The projects will include the renovation, rehabilitation and new construction of various building projects including general, high security and specialty high-technology-based office buildings; Laboratories for Research and Development or Agricultural Services; and maintenance/warehousing facilities. Clearly our selection highlights a growing recognition of our ability to deliver leading edge services and solutions to our clients across Canada, particularly within Atlantic Canada," added Gillis.

The Maricor Group is a leading facilities engineering, energy efficiency, building sciences, and sustainability consulting firm providing services and asset-based solutions to its clients across Canada and within New England. Its leading facility lifecycle asset management and engineering services, combined with its financial and energy asset development offerings assist clients in achieving their sustainability goals, including improving their facilities' operational, energy, environmental, and financial performances.

About Maine & Maritimes Corporation

Maine & Maritimes Corporation ("MAM") is the parent company of The Maricor Group and its subsidiaries, The Maricor Group, Canada Ltd, and the Maricor Group New England, Inc., both building sciences, energy efficiency and lifecycle asset management services companies. In addition, it is the parent company of Maine Public Service Company, a regulated electric transmission and distribution utility serving northern Maine; Maricor Properties Ltd and its subsidiaries, Cornwallis Court Developments Ltd and Mecel Properties Ltd, and its joint venture subsidiary Maricor Ashford Ltd, which are Canadian real estate development and investment companies; and Maricor Technologies, Inc., a sustainable lifecycle asset management and capital planning information technology subsidiary. MAM is headquartered in Presque Isle, Maine and its subsidiaries maintain offices in Moncton and Saint John, New Brunswick, Canada; Halifax, Nova Scotia, Canada; Boston, Massachusetts, and Portland, Maine. MAM's corporate website is www.maineandmaritimes.com .

Cautionary Statement Regarding Forward-Looking Information

NOTE: This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. Although Maine & Maritimes Corporation ("MAM") believes that in making such statements, its expectations are based on reasonable assumptions, any such statement involves uncertainties and risks. MAM cautions that there are certain factors that can cause actual results to differ materially from the forward-looking information that has been provided including, without limitation, potential changes in applicable laws and regulations, potential changes in Management, MAM's ability to raise necessary financing, and MAM's ability to execute its business plans in a timely and efficient manner.

Media Contact Mike Randall Vice President Public Affairs and Strategic Planning (506) 852-7523