Paramax newsParamax Resources Ltd. Hires Meagher Energy AdvisorsCALGARY, ALBERTA--(Marketwire - Nov. 4, 2011) - Paramax Resources Ltd. (TSX VENTURE:PXM) ("Paramax or the Corporation") together with its joint venture partner Bridge Resources Corp. (TSX VENTURE:BUK), have retained Meagher Energy Advisors, a US based company specializing in transactional advisory services, to review strategic alternatives in regard to their Western Idaho Basin project. This joint process includes their combined 100% interests in the Willow and Hamilton development projects.The Western Idaho Project consists of two development areas, Willow and Hamilton. Both areas have had initial drilling work completed and have reserves assigned to them. These two fields were discovered in 2010 and appraised by six additional wells. Willow and Hamilton are the first commercial discoveries of oil and gas in the State of Idaho. The majority of the State and County permits have been acquired, including a Conditional Use Permit for a 13 acre site adjacent to the Williams pipeline where a compression and dehydration facility will be located.The Corporation will provide more information in regard to this process as it becomes available.