NEW YORK, NY--(MARKET WIRE)--Aug 19, 2008 -- New Oriental Energy & Chemical Corp. (NOEC - News), a specialty chemical and emerging coal-based alternative fuel manufacturer in The People's Republic of China (PRC), will discuss its first quarter 2009 results during a live conference call and webcast on Wednesday, August 20, at 8:00am ET.

To participate in the call, dial 1-800-762-8779 when calling within the United States or 1-480-629-9031 when calling internationally. Please ask for the New Oriental Energy & Chemical Earnings Conference Call, Pass Code 3912195. There will be a playback available until 08/27/2008. To listen to the playback, please call 1-800-406-7325 when calling within the United States or 1-303-590-3030 when calling internationally. Use the Pass Code 3912195 for the replay.

This call is being webcast by ViaVid Broadcasting and can be accessed by clicking on this link http://viavid.net/dce.aspx?sid=0000554C or at ViaVid's website at www.viavid.net. The webcast can be accessed through August 20, 2009.

About New Oriental Energy & Chemical Corp.

New Oriental Energy & Chemical Corp. listed on the NASDAQ Global Market (NOEC - News), is an emerging coal-based alternative fuels and specialty chemical manufacturer based in Henan Province, China. The Company's core products are urea and other coal-based chemicals primarily utilized as fertilizers. Future growth is anticipated mainly from its focus on expanding production of coal-based alternative fuels, in particular, methanol and dimethyl ether (DME), which is a cheaper, more environmentally friendly alternative to LPG for home heating and cooking, and diesel fuel for cars and buses. All of the Company's sales are made through a network of distribution partners in China. Additional information on the Company is available on its website at www.neworientalenergy.com.

Safe Harbor Statement

This press release may contain forward-looking statements concerning New Oriental Energy & Chemical Corp. The actual results may differ materially depending on a number of risk factors including, but not limited to, the following: general economic and business conditions, development, shipment, market acceptance, additional competition from existing and new competitors, changes in technology or product techniques, and various other factors beyond its control. All forward-looking statements are expressly qualified in their entirety by this Cautionary Statement and the risk factors detailed in the Company's reports filed with the Securities and Exchange Commission. New Oriental Energy & Chemical Corp. undertakes no duty to revise or update any forward-looking statements to reflect events or circumstances after the date of this release.

     Contact:
      
     Mr. Ben Wang
     Chief Financial Officer
     New Oriental Energy & Chemical Corp.
     Xicheng Industrial Zone of Luoshan, Xinyang
     Henan Province, The People's Republic of China
     Tel: (011-86) 10-6709-2670
      
     Investors:
      
     Mark Miller
     East West Network Group
     mmeastwest@hotmail.com
     Ph: (770) 436-7429
      
     Press:
      
     Ken Donenfeld
     DGI Investor Relations
     donfgroup@aol.com
     kdonenfeld@dgiir.com
     Ph: (212) 425-5700
     Fax: (212) 425-6951