China North East Petroleum Announces Change to its Board of Directors

HARBIN, China and NEW YORK, Nov. 24 /PRNewswire-Asia-FirstCall/ -- 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 the appointment of Mrs. Guizhi Ju to the Company's Board of Directors, effective immediately. Mrs. Ju replaces Mr. Yu Liguo, who has resigned for personal health reasons.

Guizhi Ju has more than 25 years of company leadership and management experience. She currently serves as General Manager and Director of Songyuan Yu Qiao Oil & Gas Development Co., Ltd. Prior to joining Songyuan Yu Qiao Oil & Gas Development Co., Ltd., she was Founder and Chairman of Songyuan North East Petroleum Technical Services Co., Ltd. in 2005 and Harbin Hongxiang Oil Service Company from 2002 to 2005.

"Mr. Yu has been a valuable member of our Board and we would like to thank him for his service to our Company," said Mr. Hongjun Wang, President of China North East Petroleum. "We would also like to welcome Mrs. Ju to the board. Her experience in the oil industry will make her invaluable to the Company and its shareholders going forward."

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 .

Statements in this press release which are not historical data are forward-looking statements which involve known and unknown risks, uncertainties or other factors not under the company's control, which may cause actual results, performance or achievements of the company to be materially different from the results, performance or other expectations implied by these forward-looking statements. These factors include, but are not limited to, those detailed in the company's periodic filings with the Securities and Exchange Commission.

    For more information, please contact:

    United States:

     Chao Jiang
     Senior Vice President, Corporate Finance
     Tel:   +1-212-307-3568
     Email: chao.jiang@cnepetroleum.com

    Bill Zima
     ICR, Inc.
     Tel: +1-203-682-8200

    China:

     Yang Dio Zhang
     Chief Financial Officer
     Tel:   +86-451-5558-0253
     Email: dio.zhang@cnepetroleum.com

SOURCE China North East Petroleum Holdings Ltd.