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GENESIS ENERGY HOLDINGS LIMITED
Appoints executive director

Hong Kong, May 2, 2010 - Oil and gas company Genesis Energy Holdings Limited (HKEx: 702) announces the appointment of Mr. Dai Xiaobing as the Group¡¦s executive director.

Mr. Dai holds a PhD in Econometrics from the School of Business, Jilin University, and possesses extensive experience in corporate finance and mergers and acquisitions of Chinese enterprises. Mr. Dai is also familiar with the Chinese capital markets. He had participated in Xinhua News Agency¡¦s founding of ¡§China Securities Journal¡¨. His early career as a reporter, news desk chief and deputy general manager of news publications has helped him earn substantial experience in public-sector and investor relationship. Mr. Dai is currently an executive director and the Chief Executive Officer of China Precious Metal Resources Holdings Co., Ltd. (HKEx: 1194) and an independent director of Jiangxi Ganneng Co., Ltd. (SZSE: 000899).

Genesis Energy Chairman Mr. Terence Kong noted: ¡§On behalf of our board, I extend a warm welcome to Mr. Dai, who is also an investor and shareholder holding 5.97% of issued share capital in the Company. Mr. Dai will bring to the board invaluable experience in Mainland finance and capital markets. This new board addition will fuel our strategic development in Greater China.¡¨

Mr. Jiang Rizhong has tendered his resignation as an executive director of the Company due to his personal business commitments. Mr. Jiang confirmed that there is no disagreement with the board and there are no matters relating to Mr. Jiang¡¦s resignation that need to be brought to the attention of the shareholders of the Company.

About Genesis Energy
Genesis Energy Holdings Limited (HKEx: 702) is an energy company with a key focus on oil and gas, as well as other renewable sources of energy. The Group is committed to building a diversified portfolio of energy assets and operations with an aim to developing into one of the leading independent energy businesses in Greater China. The Group currently operates oil and gas fields in the PRC and the US.

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Genesis Energy Holdings Limited

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