NewLead Holdings Ltd. Receives NASDAQ Notification Letter Regarding Minimum Bid Price Requirement

 NewLead Holdings Ltd. Receives NASDAQ Notification Letter Regarding Minimum
                            Bid Price Requirement

PR Newswire

PIRAEUS, Greece, April 5, 2013

PIRAEUS, Greece, April 5, 2013 /PRNewswire/ --NewLead Holdings Ltd. (NASDAQ:
NEWL) ("NewLead" or "the Company") today announced that on April 4, 2013 the
Company received a written notification from the NASDAQ Stock Market LLC
("NASDAQ") indicating that the Company is not in compliance with the NASDAQ
Listing Rule 5450(a)(1) because the minimum bid price of its common shares was
below $1.00 per share for the previous 30 consecutive business days (the
"minimum bid price requirement").

Pursuant to the NASDAQ Listing Rule 5810(c)(3)(A), the Company has been
granted a 180-day compliance period, ending on October 1, 2013, to regain
compliance with the minimum bid price requirement. During this compliance
period, NewLead's common stock will continue to be listed and traded on the
NASDAQ Global Select Market. The Company may regain compliance with the
minimum bid price requirement if the minimum bid price of NewLead's common
shares equals at least $1.00 per share for a minimum of ten consecutive
business days at any time during the compliance period.

NewLead continues to monitor the minimum bid price of its common shares and is
considering all its options in order to regain compliance within the minimum
bid price requirement.

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 reserve reports, our ability to extract
coal to fulfill 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 based.

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

SOURCE NewLead Holdings Ltd.

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