NT Holding Enters Into a Letter of Intent to Acquire a 9,000 Hectares Coal Mine in Indonesia
Wednesday September 6, 12:30 pm ET

HONG KONG, Sept. 6, 2006 (PRIMEZONE) -- NT Holding Corp. (OTC BB:NTHH.OB - News) today announced it has entered into a letter of intent with PT Nusantara Coal (``PT Nusantara''), an Indonesian company that owns a 60-year concession right on a coal mine located in Bengkulu, South Sumatra, in Indonesia.

The coal mine concession occupies a land mass of approximately 9,000 hectares and PT Nusantara indicated that their internal estimate on the amount of coal reserves in the concession is approximately 100 million tons. NTHH plans to acquire a 70% equity interest in the concession right from PT Nusantara.

``The coal mine concession right owned by PT Nusantara is one of the best in Indonesia in terms of reserves, location and the duration of the concession,'' said Peter Chun, CEO of NTHH. According to Chun, ``NTHH shall engage in further discussions with PT Nusantara to complete the definitive purchase agreement as quickly as practical.''

About NT Holding Corp.

NTHH, through its subsidiaries, invests in and operates companies in China and Asia that engage in energy and natural resources businesses. NTHH is based in Hong Kong and currently operates two subsidiaries in Asia: (1) Shanxi Jinhai Metal Group that engages in coking coal and steel production in the Shanxi Province of China and (2) PT Borneo Mineral that owns a 30-year coal mining right concession in Indonesia. NTHH is positioning itself to support Asia's growing need for power, energy and natural resources.

Disclaimer Regarding ``Forward-Looking Statements''

This news release contains ``forward-looking statements'' as defined under the Federal Securities Laws. Actual results could differ materially from those projected in the forward-looking statements as a result of certain risk factors, including but not limited to: (i) adverse changes in general economic or market conditions; (ii) delays in or refusals of governmental approvals; (iii) risks associated with acquisitions and investments, including the challenges and costs of integration and coordination; and (iv) other important factors as disclosed previously and from time to time in NTHH filings with the U.S. Securities and Exchange Commission. NTHH disclaims any obligation to update any such forward-looking statements after the date of this news release.

Contact:

NT Holding Corp.
(801) 303-5730