Navios Maritime Partners L.P. Announces
Pricing Of Follow-On Offering

Piraeus, Greece, October 8, 2010 - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM) announced today that it has priced its follow-on public offering of 5,500,000 common units, which represent limited partnership interests, at $17.65 per unit. Navios Partners has granted the underwriters a 30-day option to purchase up to an additional 825,000 common units to cover over-allotments, if any. Navios Partners expects to use the proceeds from the offering to fund its fleet expansion and/or for general partnership purposes. The offering is expected to close on October 14, 2010.

Navios Maritime Partners L.P. is an international owner and operator of dry cargo vessels formed by Navios Maritime Holdings Inc., a vertically integrated seaborne shipping and logistics company with over 55 years of operating history in the dry bulk shipping industry.

Navios Partners' common units trade on the New York Stock Exchange under the symbol "NMM".

The joint book-running managers for this offering are Citi, J.P. Morgan and BofA Merrill Lynch and the co-managers are S. Goldman Capital LLC, Cantor Fitzgerald & Co., DVB Capital Markets, and Knight Capital Markets LLC.

When available, copies of the prospectus supplement and accompanying base prospectus related to this offering may be obtained from: Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, NY 11220 (tel: (800) 831-9146); J.P. Morgan, Attn: Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717 (tel: (866) 803-9204); BofA Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn: Prospectus Department or email dg.prospectus_requests@baml.com.

About Navios Maritime Partners L.P.
Navios Partners (NYSE: NMM) is a publicly traded master limited partnership which owns and operates dry cargo vessels.

Navios Maritime Partners L.P.