Navios Maritime Partners L.P. Declares A Cash Distribution of $0.40 Per Unit and Announces the Date for the Release of Second Quarter 2009 Results, Conference Call and Webcast

Conference Call and Webcast: Wednesday, July 29, 2009, at 08:30 A.M. EDT

PIRAEUS, GREECE - July 27, 2009 - Navios Maritime Partners L.P. ("Navios Partners") (NYSE: NMM), an owner and operator of Capesize and Panamax vessels, announced today that its Board of Directors has declared a cash distribution of $0.40 per unit for the second quarter ended June 30, 2009. This payment represents $1.60 per unit on an annualized basis. The cash distribution is payable on August 11, 2009 to all unitholders of record as of August 6, 2009.

Navios Partners will host a conference call on Wednesday, July 29, 2009 at 08:30 A.M. EDT, where Navios Partners' senior management will discuss the results of the second quarter ended June 30, 2009. The Company will announce earnings for the second quarter ended June 30, 2009 prior to the conference call. About Navios Maritime Partners L.P.
Navios Maritime Partners L.P. (NYSE: NMM), a publicly traded master limited partnership formed by Navios Maritime Holdings Inc (NYSE: NM) is an owner and operator of Capesize and Panamax vessels. For more information, please visit our website at www.navios-mlp.com