Coal Geology

NEW YORK, NY –(Coal Geology) — 07/27/10 — NYMET Holdings Inc. (PINKSHEETS: NYMH), an innovative metals and commodities trade company, headquartered in Port Jefferson, N.Y., today announced the successful acquisition of NYMET Resources and Mining as a wholly owned subsidiary.

NYMET Holdings Inc. (www.nymetholdings.com) is proud to announce the successful acquisition of NYMET Resources & Mining, Corp. Founder Mr. Edward R. Gulmi stated, “The resources and mining subsidiary primary focus is the supply of raw material associated with steel production. The company is in the process of developing a raw material supply chain in South America, India, and Indonesia. Currently this division is negotiating long term supply contracts for Iron Ore and other raw materials such as Coking Coal specifically targeted for our Steel Mill customers consumption.”

T. Benjamin Jennings stated, “This strategic acquisition complements NYMET’s long term plan and will enable NYMET to further expand and service the steel mills raw material requirements. I am very excited about this recent development as it will certainly boost shareholder value.”

DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The results described herein cannot be guaranteed. The development of any and all of the subject mining claims stated herein is contingent upon multiple high risk factors that must be successfully dealt with in order to achieve the intended results. This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Statements in this news release other than statements of historical fact are “forward-looking statements” that are based on current expectations and assumptions. These expectations and assumptions are subject to risks and uncertainty, which could affect NYMET Holdings future. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the statements, including, but not limited to, the following: the ability of NYMET Holdings to provide for its obligations, to provide working capital needs from operating revenues, to obtain additional financing needed for any future acquisitions, to meet competitive challenges and technological changes, and other risks. NYMET Holdings undertakes no duty to update any forward- looking statement(s) and/or to confirm the statement(s) to actual results or changes in NYMET Holdings expectations.