China North East Petroleum Announces Participation in Rodman & Renshaw Annual China Investment Conference

HARBIN, China and NEW YORK, Feb. 28, 2011 /PRNewswire-Asia/ -- China North East Petroleum Holdings Ltd. (the "Company" or "NEP") (NYSE Amex: NEP), a leading independent oil producing and oilfield services company in Northern China, today announced its participation in the Rodman & Renshaw Annual China Investment Conference, to be held March 6-8, 2011 at Le Royal Meridien Shanghai in Shanghai, China. Management is scheduled to present at 10:15-10:40 a.m. Beijing Time on Monday, March 7, 2011, and meet with institutional investors throughout the day. A webcast of the presentation will be available at: http://www.wsw.com/webcast/rrshq19/register.aspx?conf=rrshq19&page=nep&url=http%3A//www.wsw.com/webcast/rrshq19/nep/

About China North East Petroleum

China North East Petroleum Holdings Limited is an independent oil company that engages in the production of crude oil in Northern China. The Company is a pioneer in China's private oil exploration and production industry, and the first Chinese non-state-owned oil company trading on the NYSE Amex.

The Company has a guaranteed arrangement with the PetroChina to sell its produced crude oil for use in the China marketplace. The Company currently operates four oilfields in Northern China. The Company also recently added an oil service subsidiary through its acquisition of Song Yuan Tiancheng Drilling Engineering Co. Ltd. ("Tiancheng"). For more information about the Company, please visit http://www.cnepetroleum.com.