Navios Maritime Acquisition Corp.

Press Release

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June 1, 2010 at 4:11 AM EDT

Navios Maritime Acquisition Corporation Announces Appointment of Brigitte Noury and Anna Kalathakis to its Board of Directors

PIRAEUS, Greece, June 1, 2010 - Navios Maritime Acquisition Corporation (“Navios

Acquisition”) (NYSE:NNA) announced today the appointment of Ms. Brigitte Noury

and Ms. Anna Kalathakis to its Board of Directors.

Ms. Brigitte Noury served, from March 2002 until December 2009, as Director of

Corporate & Investment Banking Asset & Recovery Management - Europe for Societe

Generale. She also served, from June 1989 until February 2002, as Head of Shipping

at Societe Generale. Mrs. Noury received a Master of Economic Sciences and a

Diploma in Business Administration from the University of Dijon.

Ms. Anna Kalathakis is currently Senior Vice President — Legal Risk Management of

Navios Maritime Holdings Inc. and has been in that position since December 2005.

Previously she has served as the General Manager of the Greek office of A Bilbrough

& Co Ltd. Ms. Kalathakis has a Master’s of Business Administration from the

European University in Brussels and a Juris Doctor degree from Tulane Law School.

Ms. Frangou, Chairman and CEO of Navios Maritime Acquisition Corporation stated,

“With these two appointments, we continue to expand the expertise held by the

Board of Navios Acquisition. Ms. Noury’s extensive knowledge of the ship finance

industry and Ms. Kalathakis’ significant experience in the tanker sector will add great

value to Navios Acquisition.”

About Navios Maritime Acquisition Corporation

Navios Maritime Acquisition Corporation (NYSE: NNA) is a global shipping company

specializing in the product and chemical tanker sectors.

For more information about Navios Acquisition, please visit our website:

http://www.navios-acquisition.com

.

Forward Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of

the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange

Act of 1934, as amended) concerning future events and Navios Acquisition’s growth

strategy and measures to implement such strategy; including expected vessel

acquisitions and entering into further time charters. Words such as "expects,"

"intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations of

such words and similar expressions are intended to identify forward-looking

statements. Such statements include comments regarding expected revenue and

time charters. Although the Navios Acquisition believes that the expectations

reflected in such forward-looking statements are reasonable, no assurance can be

given that such expectations will prove to have been correct. These statements

involve known and unknown risks and are based upon a number of assumptions and

estimates which are inherently subject to significant uncertainties and contingencies,

many of which are beyond the control of Navios Acquisition. Actual results may

differ materially from those expressed or implied by such forward-looking

statements. Factors that could cause actual results to differ materially include, but

are not limited to changes in the demand for product and chemical tanker vessels,

competitive factors in the market in which Navios Acquisition operates; risks

associated with operations outside the United States; and other factors listed from

time to time in the Navios Acquisition’s filings with the Securities and Exchange

Commission. Navios Acquisition expressly disclaims any obligations or undertaking

to release publicly any updates or revisions to any forward-looking statements

contained herein to reflect any change in Navios Acquisition’s expectations with

respect thereto or any change in events, conditions or circumstances on which any

statement is based.

Contacts

Public & Investor Relations Contact:

Navios Maritime Acquisition Corporation

Investor Relations

+1.212.279.8820

investors@navios.com