China North East Petroleum Announces Reporting Date for First Quarter 2011 Financial Results

HARBIN, China and NEW YORK, May 5, 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 that the Company will report its first quarter 2011 financial results before the market open on Tuesday, May 10, 2011.

Management will host a conference call at 8:30 am ET on Tuesday, May 10.  Listeners may access the call by dialing # 1-719-325-4821. To listen to the live webcast of the event, please go to http://www.viavid.net.  Listeners may access the call replay, which will be available through May 24, by dialing # 1-858-384-5517, passcode: 3567109.

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.

SOURCE China North East Petroleum Holdings Ltd.

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