NYMET Holdings Inc. (NYMH) Announces Demolition Successfully Underway on CA Reed Saw Mill Project

NEW YORK, NY, Aug 27 (MARKET WIRE) --
NYMET Holdings Inc. (PINKSHEETS: NYMH), an innovative metals and mining
company headquartered in Port Jefferson, N.Y., announces that personnel
have commenced the demolition and recovery process for the CA Reed Saw
Mill project.

The contracted demolition company has begun executing demolition work
scheduled as planned and anticipates the completion of the demolition
portion of the project within the next 60 days. Furthermore, the first
1,000 tons of material, already sold through a Purchase Order with Bayou
Steel Incorporated, is already processed and on the ground ready for
shipment to the Bayou Steel, LaPlace facility.

NYMET's Project Manager Mr. Gregory Klok has been quoted as saying, "We
are on track to meet the delivery goals set by management and look
forward to completing this project quickly and moving on to our next
location."

DISCLAIMER: CAUTIONARY DISCLOSURE ABOUT FORWARD-LOOKING STATEMENTS

The results described herein cannot be guaranteed. 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 Inc.'s 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 Inc. 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 Inc. 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 Inc.'s expectations.

Contact:
Mark Daniel Klok
NYMET Holdings Inc.
(631) 680-8135

Copyright 2009, Market Wire, All rights reserved.

-0-