NewLead Holdings Ltd. Announces One-Year Coal Supply Contract for 720,000 metric tons of Thermal Coal Expected to Generate $64.0

  NewLead Holdings Ltd. Announces One-Year Coal Supply Contract for 720,000
  metric tons of Thermal Coal Expected to Generate $64.0 million of Revenue

PR Newswire

PIRAEUS, Greece, Jan. 24, 2013

PIRAEUS, Greece, Jan. 24, 2013 /PRNewswire/ --NewLead Holdings Ltd. (NASDAQ:
NEWL) ("NewLead") today announced that the Company has signed an agreement to
supply 720,000 metric tons of thermal coal to a third party buyer. The
contract is expected to generate approximately $64.0 millionin revenue over a
12-month period.

The contract provides for the sale of 60,000 metric tons of coal per month
(720,000 metric tons annually) for the 12 months beginning February 4,
2013.All tonnage is subject to a variation of 10%. The price was established
based on the prevailing market price for coal at the time the contract was
entered into. The agreement is subject to satisfactory completion of a trial
shipment of approximately 60,000 metric tons, expected to be completed in the
first quarter of 2013.

Michael Zolotas, Chairman, President and Chief Executive Officer of NewLead,
stated, "We have secured an additional contract to supply thermal coal to a
third party creditworthy counterparty. This agreement further expands our
commodities business."

Michael Zolotas continued, "NewLead has the option to transport the coal. We
are currently in discussion with a number of financial institutions to secure
financing for fleet expansion to fulfill the transportation needs of our
commodities arm."

About NewLead Holdings Ltd.
NewLead Holdings Ltd. is an international, vertically integrated shipping and
commodity company that manages product tankers and dry bulk vessels. NewLead
currently controls four vessels, two tankers and two dry bulk vessels.
NewLead's common shares are traded under the symbol "NEWL" on the NASDAQ
Global Select Market. To learn more about NewLead Holdings Ltd., please visit
the new website at

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
This press release includes assumptions, expectations, projections, intentions
and beliefs about future events. These statements, as well as words such as
"anticipate," "estimate," "project," "plan," and "expect," are intended to be
''forward-looking" statements. We caution that assumptions, expectations,
projections, intentions and beliefs about future events may vary from actual
results and the differences can be material. Forward-looking statements
include, but are not limited to, such matters as the creditworthiness of our
counterparties, the reliability of the reserve reports, our ability to extract
or acquire coal to fulfil contracts, the consummation of conditional
contracts, future operating or financial results; our liquidity position and
cash flows, our ability to borrow additional amounts under our revolving
credit facility and, if needed, to obtain waivers from our lenders and
restructure our debt, and our ability to continue as a going concern;
statements about planned, pending or recent vessel disposals and/or
acquisitions, business strategy, future dividend payments and expected capital
spending or operating expenses, including dry-docking and insurance costs;
statements about trends in the product tanker and dry bulk vessel shipping
segments, including charter rates and factors affecting supply and demand;
expectations regarding the availability of vessel acquisitions; completion of
repairs; length of off-hire; availability of charters; and anticipated
developments with respect to any pending litigation. The forward-looking
statements in this press release are based upon various assumptions, many of
which are based, in turn, upon further assumptions, including without
limitation, management's examination of historical operating trends, data
contained in our records and other data available from third parties. Although
NewLead believes that these assumptions were reasonable when made, because
these assumptions are inherently subject to significant uncertainties and
contingencies which are difficult or impossible to predict and are beyond our
control, NewLead cannot assure you that it will achieve or accomplish these
expectations, beliefs or projections described in the forward looking
statements. Important factors that, in our view, could cause actual results to
differ materially from those discussed in the forward-looking statements
include the strength of world economies and currencies, general market
conditions, including changes in charter rates and vessel values, failure of a
seller to deliver one or more vessels, and other factors discussed in
NewLead's filings with the U.S. Securities and Exchange Commission from time
to time. NewLead expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements contained
herein to reflect any change in NewLead's expectations with respect thereto or
any change in events, conditions or circumstances on which any statement is

Investor and Media Relations:
Elisa Gerouki
NewLead Holdings
Telephone: + 30 213 014 8023

SOURCE NewLead Holdings Ltd.

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